UNITED KINGDOM February 06 2015 5:37 PM
LONDON (Scrap Register): Another busy day for the iron ore producers. An Australian miner sold PB lumps over COREX at 80.5, and later PB fines on a 61% Fe basis on the same platform at 62. It also sold a cargo of PB, but on a 62% Fe basis, over globalORE at 63, as per the Steel Index.
Separately, another cargo of 61% Fe basis PB fines traded on COREX at 61, and Yandi Fines on a 58% Fe basis for March delivery traded on globalORE at 52.
A Brazilian miner meanwhile sold 62% Fe basis lumps at a floating price. Privately, traders were generally offering index-linked cargoes ahead of the Chinese New Year holiday.
In China, the most active iron ore future contract on DCE was up 0.84%, and the rebar contract was up 0.6%. Spot steel prices were unchanged.
All prices US$/dmt CFR China unless stated otherwise.