LME Steel Billet 3-Month Price Turns Around After Two-Day Fall

by MetalMiner IndX Reports on

On Sept. 17, 2012, the day’s biggest mover on MetalMiner’s steel price index was the steel billet 3-month price, which saw a 4.4 percent increase on the LME to $330.00 per metric ton. This increase comes after the price fell for the two previous days.

After falling for two days, the cash price of steel billet rose 1.6 percent on the LME to $320.00 per metric ton.

Chinese steel prices were mixed for the day. Iron ore 58% fines from India hit a high price of almost $133 per dry metric ton. The price of Chinese slab finished the day with a 2.8 percent increase. For the fifth consecutive day, the price of Chinese HRC held flat.

The US HRC futures contract 3-month price saw little movement on Monday at $610.00 per short ton. The US HRC futures contract spot price has been on the decline for 12 days and is now at $640.00 per short ton.




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