LME Steel Billet Cash Price Jumps as US Markets Close

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On Oct. 26, 2012, the day’s biggest mover on MetalMiner’s steel price index was the steel billet cash price, which saw a 1.3 percent increase on the LME to $314.00 per metric ton. Also on the LME, the steel billet 3-month price declined 1.2 percent to $316.00 per metric ton.

Chinese steel and raw materials prices closed flat for the day.

The prices of iron ore 58% fines from India remained above $130 per dry metric ton. Chinese HRC held its value last Friday, and the price of Chinese coking coal saw essentially no change for the fifth day in a row.

The US HRC futures contract spot price rose by 0.2 percent to $591.00 per short ton after a three-day flat streak. The US HRC futures contract 3-month price held steady last Friday, remaining around $650.00 per short ton.

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