Chinese Slab Falls 1.1%

On Monday, September 9, the day’s biggest mover was the price of Chinese slab, which saw a 1.1 percent decline to CNY 3,660 ($597.61) per metric ton. The price of Chinese HRC remained steady at CNY 3,620 ($591.08) per metric ton. The price of Chinese coking coal continues hovering around CNY 1,370 ($223.70) per metric ton for the fifth day in a row. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($137.16) and a low price of CNY 830.00 ($135.52) per dry metric ton.

Also on the LME, the steel billet cash price held steady around $145.00 per metric ton. The 3-month price of steel billet saw little price change yesterday on the LME at $170.00 per metric ton.

After holding steady for the past few days, the US HRC futures contract 3-month price fell 0.5 percent, closing at $625.00 per short ton. The spot price of the US HRC futures contract moved on Monday. After a few changeless days, prices dropped 0.5 percent to $642.00 per short ton.

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