Chinese HRC Plateaus

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On Feb. 19, 2013, Chinese HRC saw little change in its price of CNY 4,250 ($680.69) per metric ton. The price of Chinese coking coal held steady at CNY 1,730 ($277.08) per metric ton. The price of Chinese slab remained steady at CNY 4,050 ($648.66) per metric ton. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($134.54) and a low price of CNY 830.00 ($132.94) per dry metric ton.

The steel billet cash price flattened at $265.00 following two-days of declines on the LME. On the LME, the steel billet 3-month price saw little movement on Tuesday at $290.00 per metric ton.

The 3-month price of the US HRC futures contract saw little price change on Tuesday at $640.00 per short ton. The spot price of the US HRC futures contract saw little change in its price yesterday at $611.00 per short ton.