The steel billet cash price saw the biggest increase at 1.5 percent on the LME, finishing at $335.00 per metric ton for Nov. 5, 2012. The 3-month price of steel billet is back up, rising by 1.5 percent on the LME on Monday to close at $345.00 per metric ton.

Chinese steel prices and raw material inputs were flat for the day. The prices of iron ore 58% fines from India remained range-bound. Chinese HRC stayed flat, while the price of Chinese coking coal remained essentially flat as well.

The 3-month price of the US HRC futures contract saw little movement yesterday at $645.00 per short ton. The US HRC futures contract spot price saw little change in its price yesterday at $618.00 per short ton.