The steel billet cash price experienced the biggest price shift of the day, dropping 2.6 percent on the LME to close at $375 per metric ton on July 18, 2012. The 3-month price of steel billet saw little price change on Wednesday on the LME at $400 per metric ton.
Meanwhile, Chinese steel prices closed flat for the day.
The high and low prices of iron ore 58% fines from India held steady above $130 per dry metric ton. Chinese HRC stayed flat between $600 and $625 per metric ton. The price of Chinese coking coal saw little movement.
The 3-month price of US HRC futures contract also showed little action yesterday at $638 per short ton. The US HRC futures contract spot price held steady on Wednesday, remaining around $605 per short ton.