LME Steel Billet Cash Price Improves, Futures Fall

With a 1.8 percent increase over the past day, the cash price of LME steel billet was the biggest mover on MetalMiner’s steel price index, closing at $280.00 per metric ton on Jan. 10, 2013.

Also on the LME, the steel billet 3-month price inched up 0.7 percent to $282.00 per metric ton.

Chinese steel prices closed flat for the day. The high price of iron ore 58% fines from India inched even closer to $135 per dry metric ton. Chinese HRC saw little change in its price on Thursday and Chinese coking coal continues hovering in place for the fifth day in a row.

current steel prices - MetalMiner IndXThe US HRC futures contract 3-month price fell 0.3 percent to $650.00 per short ton. The US HRC futures contract spot price showed little movement yesterday, hovering around $645.00 per short ton.

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