On April 3, 2013, the day’s biggest mover was the steel billet 3-month price, which saw a 4.9 percent decline on the LME to $195.00 per metric ton. The cash price of steel billet fell 2.7 percent to $180.00 per metric ton on Wednesday on the LME after two days of no change.
Chinese steel closed mixed on Wednesday. The price of iron ore 58% fines from India remained tightly rangebound. The price of Chinese slab finished the market day up 0.5 percent per metric ton. The price of Chinese HRC remained essentially flat.
The US HRC futures contract spot price rose by 0.5 percent to $612.00 per short ton after a three-day flat streak. The US HRC futures contract 3-month price rose by 0.3 percent to $620.00 per short ton.