The price of Chinese HRC rose 7.5 percent on Sept. 18, 2012, making it the day’s biggest mover after three days of flat prices. The price of Chinese coking coal has not changed for the fifth day in a row. The price of Chinese slab showed little movement yesterday. The prices of iron ore 58% fines from India kept above $130 dry metric ton.
The steel billet 3-month price weakened by 1.5 percent on the LME, settling at $325.00 per metric ton. The steel billet cash price saw little movement on Tuesday on the LME, closing out around $320.00 per metric ton.
The 3-month price of the US HRC futures contract remained essentially flat at $610.00 per short ton. The spot price of the US HRC futures contract remained essentially flat at $640.00 per short ton.