After two changeless days, the price of Chinese slab fell 0.3 percent. Chinese HRC stayed flat. The price of iron ore 58% fines from India drifted a tiny bit lower, but still held above the $136-per-dry-metric-ton mark.
The cash price of steel billet steadied at $130.00 per metric ton following two-days of increases on the LME. On the LME, the steel billet 3-month price held steady around $150.00 per metric ton.
The US HRC futures contract 3-month price was unchanged at $607.00 per short ton. The US HRC futures contract spot price saw little change in its price yesterday at $595.00 per short ton.