Chinese slab rose 0.3 percent to finish as the day’s biggest mover. The price of Chinese HRC saw little movement. The price of Chinese coking coal saw essentially no change for the fifth day in a row. The price of iron ore 58% fines from India were range bound.
Also on the LME, the steel billet cash price held steady around $225.00 per metric ton. On the LME, the 3-month price of steel billet saw little change in its price yesterday at $250.00 per metric ton.
The 3-month price of the US HRC futures contract saw little movement yesterday at $635.00 per short ton. The US HRC futures contract spot price saw little movement yesterday, closing out around $643.00 per short ton.