Asia midday ferrous flash

A summary of activity in the Asia-Pacific iron ore and steel markets so far today:

Tender:

• Rio Tinto closed a tender of 170,000t PBF with 2-11 August laycan at $61.80/t.

Offers and bids on Corex:

• No offers or bids in the morning.

Offers and bids on Globalore:

• 170,000t PBF with 11-20 July laycan offer at July index -$0.50/dmt
• 170,000t PBF with August delivery offer at August MB62 +$0.25/dmt

Tangshan billet:

• Up by 40 yuan/t to Yn3,670/t in the morning.

PBF offers in portside market:

• Qingdao: Yn455/wmt (unchanged); Caofeidian: Yn460/wmt (unchanged)