China Coking Coal Price Drops, Indian Iron Ore Weak on Daily Index

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today's metal prices - MetalMiner IndXWeakening prices ended a three-day flat streak as the price of Chinese coking coal fell 4.7 percent on Tuesday, May 7.

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.