Chinese HRC Down 2.0%

Chinese HRC had the largest decline on March 13, 2013, dropping 2.0 percent and landing at CNY 3,930 ($632.36) per metric ton. Chinese coking coal saw little change in its price yesterday at CNY 1,750 ($281.59) per metric ton. The price of Chinese slab continues hovering around CNY 3,920 ($630.75) per metric ton for the fifth day in a row. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($135.16) and a low price of CNY 830.00 ($133.55) per dry metric ton.

The steel billet cash price held steady on Wednesday on the LME, remaining around $210.00 per metric ton. The 3-month price of steel billet saw little price change on Wednesday on the LME at $230.00 per metric ton.

For the fifth consecutive day, the US HRC futures contract 3-month price held flat at $635.00 per short ton. The spot price of the US HRC futures contract showed little movement on Wednesday, hovering around $612.00 per short ton.

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