Asia midday ferrous flash

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

Tenders:

• Rio Tinto has a tender of 170,000t PBF with a 2-11 August laycan, to close at 11:30 today.

Offers and bids on Corex:

• 65,000t IOCJ F with a 11-20 August laycan offer at August P65 +$5.50/dmt.
• 90,000t Newman F and 80,000t Newman Blend L with 26 August-4 September laycan offer at August P62 +$0.40/dmt and August P62 +$1/dmt.

Offers and bids on Globalore:

• 170,000t PBF with August delivery offer at August MB62 +$0.30/dmt.

Tangshan billet:

• Up by 10 yuan/t to Yn3,690/t in the morning.

PBF offers in portside market:

• Qingdao: Yn450/wmt (-5)
• Caofeidian: Yn455/wmt (-5)