Steel Billet Cash Price Up

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 hit a high price of CNY 840.00 ($135.88) and a low price of CNY 830.00 ($134.27) per dry metric ton. The price of Chinese HRC remained steady at CNY 3,800 ($614.71) per metric ton. Chinese coking coal saw little change in its price yesterday at CNY 1,490 ($241.03) per metric ton.

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.

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