The US HRC futures contract 3-month price closed Dec. 17, 2012 at $645.00 per short ton, halting its three-day flat run with a 0.8 percent shift on MetalMiner’s steel price index.
The spot price of the US HRC futures contract fell 0.2 percent to $642.00 per short ton.
Chinese steel and raw material prices were flat for the day. The prices of iron ore 58% fines from India haven’t moved much at all since yesterday. The price of Chinese HRC was unchanged. For the fifth day in a row, the price of Chinese coking coal remained essentially flat.
The steel billet cash price steadied at $290.00 per metric ton following two-days of dropping prices on the LME. The 3-month price of steel billet showed little movement on Monday on the LME at $300.00 per metric ton.