LONDON (Scrap Register): The physical spot iron ore market was active on Friday with a number of transactions taking place bilaterally and on platforms, according to the Steel Index.
An Australian miner held a tender for 61% Fe PB Fines which concluded above 55.7. Another Australian miner sold Jimblebar fines at floating price, then sold MAC fines at 51.53 privately and a similar cargo on COREX at 51.65.
A Brazilian miner sold two IOCJ cargoes on COREX at 71.85 and 72.4 respectively. In China, port stock iron ore prices gained RMB 5/wmt.
Spot billet prices in Tangshan were flat. Spot rebar prices in Beijing lost RMB 5/t. The most active DCE iron ore contract gained 0.23% and SHFE rebar futures went up 0.55%. All prices US$/dmt CFR China unless otherwise stated.