Daily LME Billet, HRC Steel Futures Decline

by on

The cash price of steel billet saw the biggest decline of the day, dropping 3.9 percent on the LME to close at $245.00 per metric ton on Feb. 27, 2013. Also on the LME, the 3-month price of steel billet fell 3.6 percent to $265.00 per metric ton.

today's metal prices - MetalMiner IndXChinese steel closed mixed yesterday. The price of iron ore 58% fines from India hit a high price below $135 per dry metric ton. Chinese slab prices saw a 0.3 percent decline. The price of Chinese HRC remained steady.

Wednesday saw the US HRC futures contract 3-month price drift down 0.3 percent to $638.00 per short ton after three quiet days. The spot price of the US HRC futures contract has been on the decline for 11 days and is now at $610.00 per short ton.