Chinese HRC Steel Price Plateaus, Coking Coal Ends Short Slide

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Pretty quiet on the steel complex front yesterday – on Feb. 19, 2013, Chinese HRC saw little change in its price.

The price of Chinese coking coal held steady as well.

today's metal prices - MetalMiner IndXThe price of Chinese slab remained steady, while the price of iron ore 58% fines from India remained rangebound for the day.

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.