Steel Futures Prices Drop Slightly on Daily Index

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current steel prices - MetalMiner IndXOn Nov. 16, 2012, the day’s biggest mover on our steel price index was the 3-month price of the US HRC futures contract, which saw a 0.2 percent decline to $660.00 per short ton.

Meanwhile, the spot price of the US HRC futures contract continues hovering around $618.00 per short ton for the fifth day in a row.

Chinese steel prices were flat for the day. Iron ore 58% fines from India hit a high and low price in a tight range below $135 per dry metric ton. The price of Chinese HRC was essentially unchanged. The price of Chinese coking coal remained essentially flat as well.

today's metal prices - MetalMiner IndXThe steel billet cash price steadied at $300.00 per metric ton following two days of dropping prices on the LME. Also on the LME, the steel billet 3-month price held steady around $300.50 per metric ton.

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