Steel Billet Cash Price Rises 2.2%

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Commodities, Premium

With a 2.2 percent increase over the past day, the cash price of steel billet was the biggest mover on the LME, closing at $184.00 per metric ton on 2013-04-04 07:57:06. Also on the LME, the steel billet 3-month price showed little movement yesterday, hovering around $195.00 per metric ton.

Chinese steel prices closed flat for the day. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($135.44) and a low price of CNY 830.00 ($133.83) per dry metric ton. The price of Chinese HRC remained essentially flat at CNY 3,830 ($617.55) per metric ton. The price of Chinese coking coal showed little movement on Thursday at CNY 1,700 ($274.11) per metric ton.

The 3-month price of the US HRC futures contract remained essentially flat at $620.00 per short ton. The US HRC futures contract spot price saw little price change on Thursday at $612.00 per short ton.

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