Daily Steel Roundup: LME Steel Billet Price Down Again

by on

On June 11, 2012, the day’s biggest mover on our steel price index was the LME cash price of steel billet, which saw a 2.8 percent decline to $349 per metric ton. Also on the LME, the 3-month price of steel billet declined 2.8 percent to $350 per metric ton.

Chinese steel closed mixed on Monday. The high and low prices of iron ore 58% fines from India ranged between $125 and $130 per dry metric ton. The price of Chinese HRC fell 0.2 percent on Monday while the price of Chinese coking coal held steady.

The 3-month price of US HRC futures contract remained essentially flat at $630 per short ton. The US HRC futures contract spot price held steady around $628 per short ton.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.