China’s spot rebar
and hot rolled coil
prices fell 10-60 yuan ($1.50-8.90) per tonne during the day.
Prices for seaborne iron ore continued to weaken, though premiums for index-linked shipments remained stable.
Mills were willing to buy seaborne cargoes at $60-65 per tonne cfr, but prices of above $70 per tonne cfr made them hesitate, a trader in south China said.
August-delivery Capesize cargoes of Pilbara Blend fines, of which only a small number are available, are said to be tradable at premiums of $1.30-1.50 per tonne against indices, a trading source in north China said.
Joint shipments of Pilbara Blend fines and...