With a decline of 3.2 percent on the LME to $305.00 per metric ton on Nov. 13, 2012, the cash price of steel billet recorded the biggest decline of the day on MetalMiner’s steel price index. Also on the LME, the steel billet 3-month price fell 3 percent to $305.50 per metric ton.
The prices of iron ore 58% fines from India did not move the needle yesterday. Chinese HRC prices inched up 0.5 percent, while the price of Chinese coking coal was essentially unchanged.
The 3-month price of the US HRC futures contract held steady yesterday, remaining around $660.00 per short ton. For the fifth day in a row, the US HRC futures contract spot price remained essentially flat at $618.00 per short ton.
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