Tangshan spot Billets prices drop by RMB 20/t

Jul 21, 2017 20:19

With the weekend drawing in the spot iron ore market was quiet with limited transactions and softer pricing, according to the Steel Index.

UNITED KINGDOM July 21 2017 5:28 PM

LONDON (Scrap Register): With the weekend drawing in the spot iron ore market was quiet with limited transactions and softer pricing, according to the Steel Index.

An Australian miner sold 61% Fe basis PB Fines via tender below 67. Another Australian miner sold index- linked Jimblebar fines via private negotiation.

A Brazilian miner sold two shipments of 63% Fe BRBF fines at a floating price: one COREX and one on the globalORE screen. It later sold 65% Fe fines at 84.3 over COREX.

In China, iron ore port stock prices lost RMB 510/wmt. The most active DCE iron ore futures contract fell 0.95%, while SHFE rebar went down 1.59%. Spot billet prices in Tangshan lost RMB 20/t.

Spot rebar in Beijing went down the same amount. All prices US$/dmt CFR China unless otherwise stated.

billet prices

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Tangshan spot Billets prices drop by RMB 20/t

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