The price of Chinese coking coal halted its three-day flat run on April 1, 2013, with a 4.7 percent drift.
Monday saw the price of Chinese slab drift down 0.5 percent after a couple of stagnant days. The price of Chinese HRC flattened following two days of declines. The price of iron ore 58% fines from India remained rangebound.
Also on the LME, the steel billet cash price saw little movement yesterday at $185.00 per metric ton. The 3-month price of steel billet held steady on Monday on the LME, remaining around $205.00 per metric ton.
The 3-month price of the US HRC futures contract saw little movement on Monday, closing out around $618.00 per short ton. The spot price of the US HRC futures contract showed little movement on Monday at $609.00 per short ton.