Steel Billet Cash Price Increases Significantly

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Commodities, Metal Prices, Premium

With a 5.3 percent increase over the past day, the cash price of steel billet was the biggest mover on the LME, closing at $200.00 per metric ton on Friday, September 20. The steel billet 3-month price saw little movement last Friday on the LME, closing out around $230.00 per metric ton.

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 ($137.23) and a low price of CNY 830.00 ($135.60) per dry metric ton. Chinese HRC saw little change in its price last Friday at CNY 3,540 ($578.34) per metric ton. The price of Chinese coking coal remained essentially flat at CNY 1,370 ($223.82) per metric ton.

The US HRC futures contract 3-month price saw little movement last Friday at $625.00 per short ton. The spot price of the US HRC futures contract showed little movement last Friday at $643.00 per short ton.

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