Steel Billet 3-Month Price Gain

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Commodities, Metal Prices, Premium

Rising 5.6 percent to close at $190.00 per metric ton, the steel billet 3-month price experienced the biggest change on the LME for 2013-04-15 07:21:09. The steel billet cash price rose 1.2 percent yesterday on the LME, just off the thirty-day low of $162.00 per metric ton it hit on 2013-04-11 07:48:03.

Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($135.54) and a low price of CNY 830.00 ($133.93) per dry metric ton. The price of Chinese slab moved on Monday. After a few changeless days, prices dropped 0.5 percent to CNY 3,820 ($616.38) per metric ton. The price of Chinese HRC showed little movement on Monday at CNY 3,880 ($626.06) per metric ton.

At $614.00, the US HRC futures contract 3-month price finished the market day up 0.2 percent per short ton. The US HRC futures contract spot price held steady around $601.00 per short ton.