Iron Ore futures markets remain more-orless flat

UNITED KINGDOM February 02 2015 10:37 AMTweet 
LONDON (Scrap Register): The onshore Iron Ore futures markets were more-orless flat last Friday, with DCE iron ore unmoved at the end of the day and SHFE rebar up a fraction of a percent, as per The Steel Index.

PB fines on a 62% Fe basis traded on globalORE at 62.2 for February delivery, while a Brazilian miner sold 61.24% Fe fines via a tender at above 60.

There were offers for March delivery cargoes of PB fines and MNP fines – both 62% Fe basis – at 62.2 and 61.5 respectively on the globalORE platform, as well as for 58% Fe Yandi Fines at 53.5 and 54.

In China, the prices of iron ore port stocks in RMB/wmt held steady. Billet prices in the Tangshan region rose RMB 10/t, as did spot rebar in Beijing.