AUSTRALIA February 26 2016 3:35 PM
NEW YORK (Scrap Register): After having started with such gusto, the week ground to an uneventful end on Friday amid thin trade and lacklustre buying appetite, said the Steel Index.
An Australian miner sold a shipment of PB Fines on a 62% Fe basis on a floating price over the globalORE screen. Lower grade 58% Fe “LAPS” Fines also traded on the same platform at 42 early in the afternoon.
A Brazilian miner sold BRBF fines index-linked on the COREX trading platform after index cut-off.
In China, the price of iron ore port stocks slipped RMB5/wmt. Spot billet prices in Tangshan were flat, but spot rebar in Beijing rose by 10 a ton.
The DCE iron ore futures fell almost 2% while SHFE rebar futures lost nearly 1%. All prices US$/dmt CFR China unless stated otherwise.
