With a decline of 2.6 percent on the LME to $190.00 per metric ton on April 5, 2013, the 3-month price of steel billet recorded the biggest decline of the day. The cash price of steel billet saw a 2.4 percent decline on the LME to $179.50 per metric ton.
The US HRC futures contract spot price rose 0.2 percent to $613.00 per short ton. The 3-month price of the US HRC futures contract held steady around $620.00 per short ton.
Chinese steel prices were flat for the day. The price of iron ore 58% fines from India didn’t really move on the day. The price of Chinese HRC remained essentially flat. The price of Chinese coking coal was essentially unchanged.