The 3-month Price of US HRC Futures Contract Sees Small Decrease

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Commodities, Metal Prices, Premium

Dropping 0.2 percent, the 3-month price of the US HRC futures contract was the biggest mover on April 11, 2013, closing at $613.00 per short ton. The spot price of the US HRC futures contract saw little movement yesterday at $608.00 per short 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 ($135.56) and a low price of CNY 830.00 ($133.95) per dry metric ton. The price of Chinese HRC held steady at CNY 3,880 ($626.15) per metric ton. The price of Chinese coking coal remained essentially flat at CNY 1,700 ($274.35) per metric ton.

The steel billet cash price flattened at $160.00 per metric ton after two days of downward movement on the LME. On the LME, the steel billet 3-month price held steady around $185.00 per metric ton.