China Steel Slab Price Climbs Out of Flat Spell

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The price of Chinese slab closed on Oct. 25, 2012, by halting its three-day flat run with a 0.3 percent shift upwards on our daily steel price index.

Chinese HRC held its value yesterday, and the price of Chinese coking coal saw little movement. The prices of iron ore 58% fines from India remained range-bound.

The cash price of steel billet held steady on Thursday on the LME, remaining around $310.00 per metric ton. On the LME, the steel billet 3-month price held steady around $320.00 per metric ton.

The US HRC futures contract 3-month price showed little movement on Thursday, hovering around $650.00 per short ton. The spot price of the US HRC futures contract saw little movement on Thursday, closing out around $590.00 per short ton.

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