SHANGHAI (Scrap Register): Spot iron ore market slightly picked up some activity on Friday, reported the Steel Index.
An Australian miner sold 62% Fe basis PB fines on COREX at a floating price. Another Australian miner sold a combined shipment of Jimblebar and Newman fines on an index-linked basis by private negotiation after Thursday’s index cut-off.
Swap prices firmed. In China, iron ore port stock prices were basically flat. The most active DCE iron ore futures contract price inched up 0.31%, while SHFE rebar went up slightly by 0.35 percent. Spot rebar prices in Beijing gained RMB 20 a ton.
All prices US$/dmt CFR China unless otherwise stated.
