LME Steel Billet Cash Price Hits New 30-Day Low

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How low can LME billet go?

With a decline of 3.4 percent on the LME to $140.00 per metric ton on Thursday, April 18, the steel billet cash price recorded the biggest decline of the day. The steel billet 3-month price reached a thirty-day low on the LME after decreasing 2.9 percent to $165.00 per metric ton.

today's metal prices - MetalMiner IndXChinese steel prices were mixed for the day. The price of iron ore 58% fines from India inched a bit higher for the day. Chinese slab fell 0.5 percent yesterday. Chinese HRC held its value yesterday.

The US HRC futures contract spot price rose 0.5 percent to $598.00 per short ton after a two-day drop. After falling 0.3 percent to $600.00 per short ton, the 3-month price of the US HRC futures contract reached a thirty-day low.