LME Steel Billet Cash Price Hits New 30-Day Low, Iron Ore Higher

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The day’s biggest mover was the cash price of steel billet which dropped by 13.3 percent on Friday, April 26 to close at $130.00 per metric ton on the LME. The steel billet 3-month price reached a 30-day low on the LME after decreasing 5.9 percent to $160.00 per metric ton.

today's metal prices - MetalMiner IndXThe price of iron ore 58% fines from India inched higher on the day. The price of Chinese HRC held steady. Chinese coking coal saw little change in its price last Friday.

The US HRC futures contract 3-month price inched up 0.2 percent to $605.00 per short ton. The US HRC futures contract spot price remained essentially flat at $598.00 per short ton.