The cash price of steel billet closed Dec. 10, 2012 at $292.00 per metric ton on MetalMiner’s daily steel price index, halting its three-day flat run on the LME with a 0.7 percent shift. The 3-month price of steel billet fell 0.3 percent yesterday on the LME to $294.00 per metric ton after three straight days with no change.
Chinese steel and raw material prices closed flat for the day. The price of iron ore 58% fines from India remained tightly range-bound. The price of Chinese HRC held steady, and the price of Chinese coking coal continues hovering around in place for the fifth day in a row.
The US HRC futures contract 3-month price held steady on Monday, remaining around $645.00 per short ton. The spot price of the US HRC futures contract remained essentially flat at $650.00 per short ton.