Cash Price of Steel Billet Drifts Downwards

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Dropping 1.3 percent on the LME, the steel billet cash price was the biggest mover on Nov. 28, 2012. The 3-month price of steel billet weakened by 0.3 percent on the LME. current steel prices - MetalMiner IndX

Chinese steel prices were flat for the day. The price of iron ore 58% fines from India hit a high price and a low price. Chinese HRC saw little change in its price on Wednesday. The price of Chinese coking coal saw essentially no change for the fifth day in a row.

The US HRC futures contract 3-month price showed little movement yesterday. The US HRC futures contract spot price remained essentially flat.

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