The steel billet cash price saw the biggest decline of the day, dropping 7.1 percent on the LME to close at $130.00 per metric ton on Friday, June 28. Also on the LME, the 3-month price of steel billet showed little movement last Friday, hovering around $160.00 per metric ton.
Chinese steel prices closed flat for the day. The price of iron ore 58% fines from India remained rangebound. The price of Chinese HRC remained essentially flat. The price of Chinese coking coal showed little movement last Friday.
The 3-month price of the US HRC futures contract gained 0.5 percent to finish at $620.00 per short ton. The spot price of the US HRC futures contract saw little change in its price last Friday at $598.00 per short ton.