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 ($136.31) and a low price of CNY 830.00 ($134.69) per dry metric ton. The price of Chinese HRC held steady at CNY 3,450 ($559.85) per metric ton. Chinese coking coal held its value yesterday at CNY 1,390 ($225.56) per metric ton.
At $140.00, the cash price of steel billet finished the market day on the LME up 3.7 percent. Also on the LME, the steel billet 3-month price rose 3.2 percent to $160.00 per metric ton.
The US HRC futures contract spot price fell 0.3 percent yesterday to $598.00 per short ton. The 3-month price of the US HRC futures contract ended a two-day climb, settling at $617.00 per short ton.