UNITED KINGDOM December 21 2015 11:18 AM
LONDON (Scrap Register): Ferrous markets continued to firm on last Friday, with almost every key indicator pointing upwards, as per the Steel Index.
DCE iron ore futures were up by more than 2% while the SHFE rebar futures rose 1.72%. There was an uptick in buying activity for port stock material in China, where prices for mainstream imported grades firmed RMB 10/wmt. The seaborne market also saw better buying interest.
On globalORE, bids for 62% Fe PB Fines were as high as 39.5. An Australian miner sold the same product on a 61% Fe basis over the COREX screen at the same price. On the same platform, 57.3% Fe Yandi Fines were offered at 36 and bid 34.8.
Late in the day Brazilian BRBF Fines traded on globalORE on a floating price basis. All prices US$/dmt CFR unless stated otherwise.