The 3-month price of the US HRC futures contract saw a 0.8 percent drop on Nov. 19, 2012, landing at $655.00 per short ton and making it the biggest mover on MetalMiner’s daily steel price index. The US HRC futures contract spot price saw little movement at $618.00 per short ton.
Chinese steel prices closed flat for the day. The prices of iron ore 58% fines from India remained rangebound. The price of Chinese HRC held steady. The price of Chinese coking coal also remained essentially flat.