China HRC Steel Prices Up, Steel Futures Steady

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Strengthening prices ended a three-day flat streak as the price of Chinese HRC moved up by 1.3 percent on Oct. 30, 2012 on our steel price index.

current steel prices - MetalMiner IndXThe price of Chinese slab dropped by 0.3 percent after holding steady for a bit. The price of Chinese coking coal held steady. The prices of iron ore 58% fines from India remained in a very tight range on Oct. 30.

The cash price of steel billet flattened at $340.00 after two days of improvement on the LME. The 3-month price of steel billet saw little movement yesterday on the LME, closing out around $350.00 per metric ton.

For the fifth day in a row, the US HRC futures contract 3-month price remained essentially flat at $650.00 per short ton. The US HRC futures contract spot price saw little movement yesterday at $591.00 per short ton.

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