On Nov. 26, 2012, the day’s biggest mover on MetalMiner’s steel price index was the price of Chinese slab, which saw a 0.3 percent increase. This increase comes after three straight days of stagnant prices.
The price of Chinese HRC held steady. The price of Chinese coking coal saw essentially no change for the fifth day in a row. The high price of iron ore 58% fines from India inched closer to $135 per dry metric ton.
Also on the LME, the cash price of steel billet saw little movement yesterday at $295.00 per metric ton. On the LME, the steel billet 3-month price remained essentially flat at $305.00 per metric ton.
The US HRC futures contract 3-month price remained essentially flat at $650.00 per short ton. For the fifth consecutive day, the spot price of the US HRC futures contract held flat at $618.00 per short ton.