LME Steel Billet 3-Month Price Shoots Up More Than 10%

current steel prices - MetalMiner IndXThe steel billet 3-month price saw the biggest upwards shift on MetalMiner’s daily steel price index, rising 10.5 percent on the LME to close at $325.00 per metric ton on Dec. 11, 2012. Also on the LME, the steel billet cash price price jumped 7.9 percent to $315.00 per metric ton.

Chinese steel prices closed flat for the day. The prices of iron ore 58% fines from India didn’t move much from their current range. The price of Chinese HRC held steady. The price of Chinese coking coal remained essentially flat.

today's metal prices - MetalMiner IndXThe US HRC futures contract 3-month price dropped by 0.8 percent to $640.00 per short ton after holding steady. The spot price of the US HRC futures contract closed Tuesday at $645.00 per short ton, halting its two-day flat run with a 0.8 percent decline.

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