3-Month Price of Steel Billet Climbs Up the LME

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Commodities, Metal Prices, Premium

The steel billet 3-month price saw the biggest upwards shift for the day, rising 17.1 percent on the LME to close at $205.00 per metric ton on 2013-03-29 07:46:00. The steel billet cash price climbed 15.6 percent on the LME to $185.00 per metric ton.

Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($135.21) and a low price of CNY 830.00 ($133.60) per dry metric ton. At CNY 3,830 ($616.47) per metric ton, Chinese HRC fell 1.3 percent on Thursday. The price of Chinese coking coal remained essentially flat at CNY 1,700 ($273.63) per metric ton.

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.