Home / Metal News / Steel & Iron Ore / Physical Billet prices in Tangshan moves higher
Physical Billet prices in Tangshan moves higher
Aug 8,2017 10:24CST
industry news
The week ended with a flurry of transactions from the ‘big three’ miners.  An Australian miner sold 61% Fe PB fines slightly above 73 via tender, over a dollar higher than yesterday, according to the

CHINA August 04 2017 5:03 PM

LONDON (Scrap Register): The week ended with a flurry of transactions from the ‘big three’ miners.  An Australian miner sold 61% Fe PB fines slightly above 73 via tender, over a dollar higher than yesterday, according to the Steel Index.

Another Australian miner traded NF at a price close to 76 on COREX and 60.9% Fe fines on a floating price basis. A 65% Fe IOCJ cargo was sold on COREX by a Brazilian miner at 91.25, while yesterday the similar cargo was done at 90.4. 

Ferrous futures markets also rose. The most active iron ore contract on DCE rose 1.1%, while SHFE rebar futures gained 3.63%. In China, physical billet prices in Tangshan also moved RMB 50/tonne higher. 

All prices US$/dmt CFR China unless otherwise stated.

billet prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news