UNITED KINGDOM October 28 2014 9:28 AM
LONDON (Scrap Register): Despite a small bounce in the on-shore iron ore and steel futures contracts, as well as billet prices in Tangshan recovering RMB 20/t, sentiment in iron was still shaky last Friday, with limited trade, as per the Steel Index.
According to TSI, PB fines on a 62% Fe basis traded twice on globalORE at 80.5 and 80.3 on a 62% Fe basis for November and December delivery respectively.
HIY fines on a 58% Fe basis traded at 73 on the platform. Prices in the secondary market for imported ore stocked at Chinese ports meanwhile dipped as traders trimmed offers to improve sales.
All prices US$/dmt CFR China unless stated otherwise.