With a 3.4 percent increase over the past day, the steel billet cash price was the biggest mover on the LME on Dec. 3, 2012. Also on the LME, the steel billet 3-month price showed little movement on Monday.
Chinese steel closed mixed on Monday. After remaining flat for three days, the price of Chinese slab fell 0.8 percent yesterday, while the price of Chinese HRC held steady.
The 3-month price of the US HRC futures contract was unchanged. The US HRC futures contract spot price has been on the rise for 28 days.