The steel billet cash price experienced the biggest price decline of the day, dropping 2.9 percent on the LME to close at $165.00 per metric ton on April 9, 2013. The steel billet 3-month price weakened by 2.7 percent on the LME, settling at $180.00 per metric ton.
Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India remained generally in the same spot. On the tail of a three-day flat streak, the price of Chinese HRC rose by 1.3 percent. The price of Chinese coking coal kept steady.
The US HRC futures contract 3-month price saw little movement on Tuesday, closing out around $620.00 per short ton. The US HRC futures contract spot price saw little change in its price yesterday at $608.00 per short ton.