The 3-month Price of US HRC Futures Contract Improves 0.3%

The US HRC futures contract 3-month price saw the biggest upwards shift for the day, rising 0.3 percent to close at $630.00 per short ton on Tuesday, August 20. The spot price of the US HRC futures contract was unchanged at $648.00 per short ton.

Chinese steel closed mixed yesterday. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($137.18) and a low price of CNY 830.00 ($135.55) per dry metric ton. Chinese slab prices rose 0.3 percent to CNY 3,730 ($609.16) per metric ton. The price of Chinese HRC remained essentially flat at CNY 3,650 ($596.09) per metric ton.

Also on the LME, the steel billet cash price held steady around $140.00 per metric ton. The 3-month price of steel billet saw little price change yesterday on the LME at $160.00 per metric ton.

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