China Coking Coal Price Drops on Daily Steel Index

The cash price of steel billet experienced the biggest price decline of the day on MetalMiner’s daily steel price index, dropping 3.6 percent on the LME to close at $265.00 per metric ton on Feb. 18, 2013. The steel billet 3-month price remained essentially flat on the LME at $290.00 per metric ton.

Coking Coal Moves Down

today's metal prices - MetalMiner IndX Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India failed to hit a high price of $135 per dry metric ton. However, after three straight days of no change, the price of Chinese coking coal decreased by 3.4 percent. On the tail end of a three-day flat streak, the price of Chinese slab rose by 2.3 percent.

The 3-month price of the US HRC futures contract showed little movement last Friday at $640.00 per short ton. The US HRC futures contract spot price flattened at $611.00 per short ton after two days of downward movement.

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