LME Steel Billet Cash Price Sees Small Jump; US HRC Futures Contract Up

by on

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.

* Get the complete prices every day on the MetalMiner IndX℠

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.

FREE Download: The Monthly MMI® Report – covering the Steel/Iron Ore markets.

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.