Chinese steel prices were mixed for the week. The price of iron ore 58% fines from India were range bound. The price of Chinese slab fell 0.6 percent over the past week. This was the third week in a row of declining prices. The price of Chinese HRC did not change since the previous week. The week finished with no movement for Chinese coking coal.
Finishing the fourth week of rising prices, the cash price of steel billet increased by 0.2 percent on the LME, finishing at $210.00 per metric ton. This past week, the 3-month price of steel billet kept quiet, holding at on the LME at $235.00 per metric ton.
Korean steel prices were flat for the week. Korean steel scrap traded sideways last week. Prices for Korean pig iron remained constant.
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