The day’s biggest mover on MetalMiner’s steel price index was the cash price of steel billet which dropped by 3.6 percent on Jan. 7, 2013 to close at $270.00 per metric ton on the LME.
A $9.00 decline in the steel billet 3-month price on the LME left the price at $281.00 per metric ton.
Chinese steel closed mixed on Monday. The prices of iron ore 58% fines from India remained tightly range-bound below $135 per dry metric ton. The price of Chinese HRC gained 1.8 percent. The price of Chinese coking coal saw little movement.
The US HRC futures contract spot price gained 1.6 percent to finish at $655.00 per short ton. The 3-month price of the US HRC futures contract remained essentially flat at $655.00 per short ton.