Key drivers
Rebar prices in east China fell 20-50 yuan ($3-7.50) per tonne during the day to 4,780-4,830 yuan per tonne.
A January-delivery Capesize cargo of Pilbara Blend fines was heard offered at the January average of a 62% Fe index at a premium of $2.50 per tonne. Bids for this cargo was heard at $2-2.10 per tonne.
Some market participants are expecting reduced shipments from Australian miners in January. As such, a number of them, especially mills,...
