On Thursday, April 25, the day’s biggest mover was the steel billet cash price, which saw a 3.4 percent increase on the LME to $150.00 per metric ton. Also on the LME, the 3-month price of steel billet remained essentially flat at $170.00 per metric ton.
Chinese steel prices were flat for the day. The price of iron ore 58% fines from India ticked a tiny bit lower. The price of Chinese HRC remained steady. Chinese coking coal saw little change in its price yesterday.
The US HRC futures contract 3-month price gained 0.5 percent to finish at $604.00 per short ton. The spot price of the US HRC futures contract remained essentially flat at $598.00 per short ton.