Dropping 1.1 percent, the 3-month price of the US HRC futures contract was the biggest mover on March 15, 2013, closing at $618.00 per short ton.
The spot price of the US HRC futures contract held steady around $610.00 per short ton.
Chinese steel prices closed flat for the day. The price of iron ore 58% fines from India remained rather rangebound. After a couple of days of decreasing prices, the price of Chinese HRC held steady. The price of Chinese coking coal held steady as well.
Also on the LME, the steel billet cash price saw little change in its price last Friday at $210.00 per metric ton. The steel billet 3-month price showed little movement last Friday on the LME at $250.00 per metric ton.