On Jan. 17, 2013, the steel billet 3-month price experienced the biggest change, rising 1.8 percent on the LME to $290.00 per metric ton. The cash price of steel billet steadied at $280.00 per metric ton following two-days of dropping prices on the LME.
Chinese steel closed mixed on Thursday. The high price of iron ore 58% fines from India remained above $135. The price of Chinese slab fell 0.3 percent. For the fifth consecutive day, the price of Chinese HRC held flat.