The steel billet 3-month price saw the biggest upwards shift for the day, rebounding huge and rising 17.1 percent on the LME to close at $205.00 per metric ton on March 29, 2013.
The steel billet cash price climbed 15.6 percent on the LME to $185.00 per metric ton. Quite a rebound.
Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India hit a high price above $135 per dry metric ton. Chinese HRC fell 1.3 percent on Thursday. The price of Chinese coking coal remained essentially flat.
The 3-month price of the US HRC futures contract saw little price change on Thursday at $618.00 per short ton. The US HRC futures contract spot price showed little movement on Thursday, hovering around $609.00 per short ton.