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 ($137.05) and a low price of CNY 830.00 ($135.42) per dry metric ton. The price of Chinese HRC remained steady at CNY 3,450 ($562.89) per metric ton. The price of Chinese coking coal saw little movement at CNY 1,410 ($230.05) per metric ton.
Also on the LME, the steel billet cash price held steady around $125.00 per metric ton. The 3-month price of steel billet saw little price change yesterday on the LME at $145.00 per metric ton.
The US HRC futures contract 3-month price saw little movement yesterday at $605.00 per short ton. For the fifth consecutive day, the spot price of the US HRC futures contract held flat at $600.00 per short ton.