Daily iron ore prices CFR China – February 9, 2022
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News
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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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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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HRC suppliers in Pakistan bullish, deals still sporadic amid weak demand
Hot rolled coil (HRC) suppliers in Pakistan have continued to increase their offers on the heels of the global trend.