Rising 3.6 percent to close at $290.00 per metric ton, the 3-month price of LME steel billet experienced the biggest change on our daily steel price index for Jan. 3, 2013. Also on the LME, the steel billet cash price increased 0.4 percent to $280.00 per metric ton.
Chinese steel prices closed flat for the day. The prices of iron ore 58% fines from India remained in the $130s per dry metric ton. For the fifth consecutive day, the price of Chinese HRC held flat. The price of Chinese coking coal was unchanged.
The US HRC futures contract spot price fell 2.3 percent to $640.00 per short ton. The US HRC futures contract 3-month price saw little movement yesterday, closing out around $655.00 per short ton.