LME Steel Billet, Steel Futures Prices on the Rise

by MetalMiner IndX Reports on

today's metal prices - MetalMiner IndXOn Nov. 12, 2012, the day’s biggest mover on MetalMiner’s steel price index was the LME steel billet cash price, which saw a 5 percent increase to $315.00 per metric ton. This increase comes after two straight days of stagnant prices.

Also on the LME, the steel billet 3-month price gained 1.6 percent to finish at $315.00 per metric ton.

Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India kept in a pretty tight range with not much movement. Monday saw the price of Chinese coking coal remain quiet. Closing out a three-day flat streak, however, the price of Chinese slab moved up 0.8 percent.

The 3-month price of the US HRC futures contract rose by 1.5 percent to $660.00 per short ton. For the fifth consecutive day, the spot price of the US HRC futures contract held flat at $618.00 per short ton.

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