The steel billet cash price saw the biggest increase at 3.2 percent on the LME, finishing at $289.00 per metric ton for Jan. 18, 2013, on MetalMiner’s daily steel price index.
Also on the LME, the 3-month price of steel billet increased 0.3 percent to $291.00 per metric ton.
Chinese steel prices closed flat for the day. The high price of iron ore 58% fines from India remained above $135 per dry metric ton. The price of Chinese HRC continues hovering in place for the fifth day in a row. The price of Chinese coking coal showed little movement last Friday.
The 3-month price of the US HRC futures contract rose 1.2 percent to $653.00 per short ton. The US HRC futures contract spot price saw little movement last Friday, closing out around $633.00 per short ton.