Steel Billet 3-Month Price Moves Down 4.8%

On Dec. 4, 2012, the day’s biggest mover was the steel billet 3-month price, which saw a 4.8 percent decline on the LME. The steel billet cash price on the LME was down 3.3 percent from the previous market day.current steel prices - MetalMiner IndX

Chinese steel prices were mixed for the day. Chinese slab closed 0.3 percent lower . The price of Chinese HRC was essentially unchanged.

For the fifth consecutive day, the 3-month price of the US HRC futures contract held flat, while the spot price of the US HRC futures contract has been on the rise for 28 days.

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