US HRC Futures Spot Price on CME Improves Slightly

The spot price of the US HRC futures contract saw the biggest upwards shift on MetalMiner’s daily steel price index, rising 0.8 percent to close at $645.00 per short ton on Jan. 4, 2013.

The US HRC futures contract 3-month price saw little movement last Friday, closing out around $655.00 per short ton.

Chinese steel prices closed flat for the day. The high price of iron ore 58% fines from India inched closer to $135 per dry metric ton. For the fifth consecutive day, the price of Chinese HRC held flat. For the fifth day in a row, the price of Chinese coking coal remained essentially flat as well.

On the LME, the cash price of steel billet saw little movement last Friday at $280.00 per metric ton. Also on the LME, the 3-month price of steel billet remained essentially flat at $290.00 per metric ton.