The Spot Price of US HRC Futures Contract Climbs Out of Flat Spell

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Commodities, Metal Prices, Premium

Following a three-day flat streak, the US HRC futures contract spot price climbed by 0.3 percent to end at $590.00 per short ton on Monday, June 10. The 3-month price of the US HRC futures contract held steady on Monday, remaining around $605.00 per short ton.

Chinese steel prices closed flat for the day. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($136.84) and a low price of CNY 830.00 ($135.22) per dry metric ton. The price of Chinese HRC showed little movement on Monday at CNY 3,430 ($558.78) per metric ton. Chinese coking coal stayed flat at around CNY 1,410 ($229.70) per metric ton.

Also on the LME, the cash price of steel billet held steady around $135.00 per metric ton. The steel billet 3-month price saw little price change yesterday on the LME at $155.00 per metric ton.