Chinese HRC, Steel Slab Prices Decline on Daily Steel Price Index

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  • The price of Chinese HRC fell 1.2 percent on Wednesday, and Chinese slab finished the day down 0.5 percent.
  • The high and low prices of iron ore 58% fines from India ranged between $130 and $135 per dry metric ton.
  • The 3-month price of US HRC futures contract saw little movement yesterday, closing out around $635 per short ton. The spot price of US HRC futures contract remained essentially flat at $605 per short ton.

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