Steady Prices for Chinese HRC

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Prices for Chinese HRC remained unchanged at CNY 4,050 ($650.84) per metric ton for. For the fifth consecutive day, the price of Chinese coking coal held flat at CNY 1,790 ($287.66) per metric ton. Chinese slab held its value last Friday at CNY 3,920 ($629.95) per metric ton. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($134.99) and a low price of CNY 830.00 ($133.38) per dry metric ton.

Also on the LME, the steel billet cash price saw little change in its price last Friday at $220.00 per metric ton. The steel billet 3-month price ended a two-day climb, settling at $240.00 per metric ton on the LME.

The 3-month price of the US HRC futures contract held steady around $635.00 per short ton. The spot price of the US HRC futures contract held steady around $612.00 per short ton.