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 ($137.20) and a low price of CNY 830.00 ($135.57) per dry metric ton. The price of Chinese HRC held steady at CNY 3,630 ($592.92) per metric ton. For the fifth day in a row, the price of Chinese coking coal remained essentially flat at CNY 1,370 ($223.77) per metric ton.
The cash price of steel billet held steady on the LME at $140.00 per metric ton. The 3-month price of steel billet saw essentially no change on the LME for the fifth day in a row, remaining around $160.00 per metric ton.
The US HRC futures contract 3-month price saw little movement last Friday, closing out around $631.00 per short ton. The spot price of the US HRC futures contract was unchanged at $648.00 per short ton.