Raw Steels MMI in a Lull

by on
Style:
Category:
Commodities, Metal Prices, Premium

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 ($136.94) and a low price of CNY 830.00 ($135.31) per dry metric ton. Chinese HRC held its value on Tuesday at CNY 3,430 ($559.17) per metric ton. The price of Chinese coking coal held steady at CNY 1,410 ($229.86) per metric ton.

Also on the LME, the cash price of steel billet remained essentially flat at $135.00 per metric ton. The steel billet 3-month price saw little movement yesterday on the LME, closing out around $155.00 per metric ton.

The 3-month price of the US HRC futures contract saw little change in its price on Tuesday at $605.00 per short ton. The spot price of the US HRC futures contract remained essentially flat at $590.00 per short ton.