On Wednesday, April 24, the day’s biggest mover was the steel billet cash price, which saw a 3.3 percent decline on the LME to $145.00 per metric ton. The 3-month price of steel billet showed little movement on Wednesday on the LME at $170.00 per metric ton.
Chinese steel prices closed flat for the day. The price of iron ore 58% fines from India inched a bit higher. The price of Chinese HRC remained essentially flat. Chinese coking coal held its value on Wednesday.
After a few days of little change, the US HRC futures contract 3-month price jumped 0.2 percent, landing at $601.00 per short ton. The US HRC futures contract spot price held steady yesterday, remaining around $598.00 per short ton.