LONDON (Scrap Register): Spot iron ore market was quiet on Friday with few transitions taking place, reported the Steel Index.
An Australian miner sold 61% Fe PB Fines via tender at above 79. There were a numbers of offers on globalORE none attracted bids. In the offscreen market, bids and offers softened.
In China, port stock prices went down around RMB 5-10/wmt on very limited activity. Spot billet prices in Tangshan lost RMB 30/t while spot rebar prices in Beijing were stable.
The most active DCE iron ore futures contract lost 2.82%, while SHFE rebar futures went down 0.06%.
All prices US$/dmt CFR China unless otherwise stated.