The steel billet cash price saw the biggest increase at 2.2 percent on the LME, finishing at $230.00 per metric ton for Friday, November 8. The steel billet 3-month price showed little movement last Friday on the LME at $235.00 per metric ton.
Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India were range bound. The price of Chinese slab declined 0.3 percent. The price of Chinese HRC remained essentially flat.
The spot price of the US HRC futures contract nudged up 1.1 percent last Friday, closing at $667.00 per short ton. The 3-month price of the US HRC futures contract inched up 0.8 percent to $655.00 per short ton.