Daily iron ore prices CFR China – February 9, 2022
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News
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Feb
Ex-Japan Kanto scrap tender closed at much higher price, boosting outlook
Prices for Japanese scrap in the latest Kanto export tender have increased significantly.
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Feb
Billet offers in Asia remain high, but Chinese futures decline dampens market mood
Most large billet exporters have been holding offers at around $700/mt CFR from early this week, waiting for a demand acceleration.
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S. Korean mills buy Russian scrap, expected to raise bids for Japanese scrap
South Korean mills have bought Russian scrap this week, while two of them are expected to open tenders for Japanese scrap tomorrow.
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Feb
Scrap prices in China indicate some rises, imports still slow amid huge offer-bid gap
Scrap prices in the Chinese domestic market have indicated rises in some regions after the long holiday, though remaining stable in other regions.
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