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 ($137.26) and a low price of CNY 830.00 ($135.63) per dry metric ton. Chinese HRC saw little change in its price yesterday at CNY 3,630 ($593.18) per metric ton. The price of Chinese coking coal held steady at CNY 1,370 ($223.87) per metric ton.
For the fifth day in a row, the steel billet cash price remained essentially flat on the LME at $140.00 per metric ton. The steel billet 3-month price saw little movement on the LME at $160.00 per metric ton.
The US HRC futures contract 3-month price held steady on Tuesday, remaining around $631.00 per short ton. The spot price of the US HRC futures contract was unchanged at $648.00 per short ton.