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 ($137.25) and a low price of CNY 830.00 ($135.62) per dry metric ton. At CNY 3,620 ($591.49) per metric ton, the price of Chinese HRC was essentially unchanged. The price of Chinese coking coal held steady at CNY 1,370 ($223.85) per metric ton.
Also on the LME, the steel billet cash price showed little movement last Friday, hovering around $145.00 per metric ton. On the LME, the steel billet 3-month price saw little change in its price last Friday at $170.00 per metric ton.
The US HRC futures contract 3-month price saw essentially no change for the fifth day in a row, remaining around $628.00 per short ton. The spot price of the US HRC futures contract showed little movement last Friday at $645.00 per short ton.