UNITED KINGDOM July 07 2017 6:44 PM
LONDON (Scrap Register): A relatively quiet end of the Iron Ore market to the week, but with a somewhat firmer tone, according to the Steel Index.
Paper markets moved higher by around a dollar or slightly more as a large jump in the on-shore DCE iron ore futures (up 3.43%) bolstered sentiment.
Portside iron ore traded higher by around RMB 5-10/wmt. An Australian miner held a tender for 61% Fe PB Fines which concluded around 60 cents higher than a similar trade yesterday.
On the COREX platform a Brazilian miner sold 65% Fe fines at 80.5 as well as a shipment of BRBF on a floating price basis.
Super Special Fines traded at 41 on the same platform. Rebar futures in Shanghai were up by just over 1%. Have a nice weekend.
All prices US$/dmt CFR China unless otherwise stated.
