Weakening prices ended a three-day flat streak as the 3-month price of the US HRC futures contract fell 0.8 percent on Thursday, June 13 to $600.00 per short ton. The US HRC futures contract spot price fell 0.5 percent to $600.00 per short ton.
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 ($136.90) and a low price of CNY 830.00 ($135.27) per dry metric ton. Chinese HRC held its value on Thursday at CNY 3,430 ($559.03) per metric ton. The price of Chinese coking coal saw essentially no change for the fifth day in a row, remaining around CNY 1,410 ($229.80) per metric ton.
Also on the LME, the steel billet cash price saw little change in its price on Thursday at $130.00 per metric ton. On the LME, the steel billet 3-month price remained essentially flat at $150.00 per metric ton.