Asia midday ferrous flash

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

Tender:

• Rio Tinto has a tender of 170,000t PBF with 7-16 August laycan, to close at 15:00 today

Offers and bids on Corex:

• Offer of 20,000t BRBF at Lianyungang port at 530 yuan/wmt (no bid)

Offers and bids on Globalore:

• Nil

Tangshan billet:

• Unchanged at Yn3,690/t in the morning.

PBF offers in portside market:

• Qingdao: Yn460/wmt (unchanged)
• Caofeidian: Yn465/wmt (unchanged)