UNITED KINGDOM December 07 2015 9:35 AM
LONDON (Scrap Register): The DCE iron ore futures remained on their downward trajectory, falling 1.37% in Friday’s session, while SHFE rebar futures were barely moved, said the Steel Index.
The iron ore spot market remained in chaos, as some seemingly panicked offers and deals were made at lower levels.
An Australian miner achieved just below 40 in a tender for 61% Fe PB Fines, down marginally on yesterday’s tender level. The same product was offered earlier in the day over the COREX screen by an unknown party at 37.5 though did not trade.
Late in the day, high grade 65% Fe Brazilian fines traded at 41, though between unknown counterparties and with full specification unknown.
In China, some mills in Tangshan lowered their billet prices by RMB 10/t. All prices US$/dmt CFR unless stated otherwise.