LME Steel Billet Cash Price Improves 2.7%

On Feb. 13, 2013, the day’s biggest mover was the steel billet cash price, which saw a 2.7 percent increase on the LME to $267.00 per metric ton. Also on the LME, the steel billet 3-month price inched up 1.8 percent to $285.00 per metric ton.

Chinese steel, iron ore and coking coal prices closed flat for the day.

The 3-month price of the US HRC futures contract rose 0.3 percent to $637.00 per short ton. The spot price of the US HRC futures contract has been on the decline for 10 days and is now at $615.00 per short ton.