Flat Day For Chinese HRC

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On Dec. 27, 2012, Chinese HRC saw little change in its price of CNY 4,000 ($641) per metric ton. the price of Chinese coking coal saw little movement at CNY 1,650 ($264) per metric ton. the price of Chinese slab remained essentially flat at CNY 3,730 ($598) per metric ton. The price of iron ore 58% fines from India hit a high price of CNY 840 ($134) and a low price of CNY 830 ($133) per dry metric ton.

The steel billet cash price saw little price change yesterday on the LME at $280 per metric ton. the 3-month price of steel billet saw little movement on Thursday on the LME, closing out around $295 per metric ton.

The 3-month price of the US HRC futures contract showed little movement on Thursday at $650 per short ton. the spot price of the US HRC futures contract saw essentially no change for the fifth day in a row, remaining around $642 per short ton.

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