Weakening prices ended a multi-day flat streak as the price of Chinese coking coal fell 2.9 percent on Dec. 20, 2012 on MetalMiner’s daily steel price index — quite the surprise mover.
Chinese HRC stayed flat. Chinese slab saw little change in its price yesterday. The price of iron ore 58% fines from India remained pretty tightly range-bound.
Also on the LME, the steel billet cash price saw little change in its price yesterday at $280.00 per metric ton. On the LME, the steel billet 3-month price held steady around $300.00 per metric ton.
The 3-month price of the US HRC futures contract held steady on Thursday, remaining around $655.00 per short ton. The US HRC futures contract spot price showed little movement yesterday, hovering around $642.00 per short ton.