Stainless Steel Pipe Fittings

Spot Iron Ore market remains quiet on Friday

Written by

The spot iron ore market was quiet with very few transactions seen on Friday. Traders lowered their prices for privately offered cargos, as per the Steel Index.

On COREX, a combined cargo of Mac fines 57.3% Fe Yandi fines was offered at 67.5 and 59.5 respectively. On globalORE, PB fines on a 62% Fe basis were offered at 71.5 for February and bid at 69. Yandi Fines basis 58% Fe stood at 61/63.2 for material arriving the same month.

In China, prices for port stocks at major Chinese hubs were flat on an RMB/wmt basis. The most active iron ore contract on DCE fell 0.39%, while SHFE rebar contract slipped 0.89%.

Spot rebar prices fell RMB 10/t in Shanghai and RMB 40/t in Beijing. Most billet prices in Tangshan were flat, however, several mills lowered their prices by RMB 10/t.

Source:Scrap Register

Zhejiang Yaang Pipe Industry Co., Limited

Article Tags:
Article Categories:
Metals · Raw materials

Leave a Comment

Your email address will not be published. Required fields are marked *