Strengthening prices ended a three-day flat streak as the price of Chinese coking coal moved up by 4.2 percent on Jan. 14, 2013 on MetalMiner’s daily steel price index.
On the LME, the steel billet cash price increased 1.7 percent to $294.00 per metric ton. At $296.00, the 3-month price of steel billet finished the market day on the LME up 1.7 percent per metric ton.
After remaining flat for three days, the spot price of the US HRC futures contract fell 0.9 percent on Monday to $639.00 per short ton. The US HRC futures contract 3-month price held steady around $650.00 per short ton.
Monday saw the price of Chinese slab drift down 0.3 percent after a couple of stagnant days. Chinese HRC stayed flat. The high price of iron ore 58% fines from India just broke $135 per dry metric ton.