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 inched a tiny bit higher. The price of Chinese HRC held steady. The price of Chinese coking coal remained essentially flat.
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.