The 3-month price of steel billet weakened by 2.0 percent on the LME, settling at $265.00 per metric ton.
Chinese steel prices were mixed for the day. The prices of iron ore 58% fines from India looked slightly lower. Chinese slab prices rose 0.3 percent. The price of Chinese HRC remained steady.
The US HRC futures contract 3-month price saw a 0.3 percent decline to $648.00 per short ton. The US HRC futures contract spot price saw little price change on Wednesday at $624.00 per short ton.