On Thursday, November 21, the US HRC futures contract 3-month price fell by 0.8 percent, landing at $650.00 per short ton and making it the day’s biggest mover. For the fifth day in a row, the spot price of the US HRC futures contract remained essentially flat at $668.00 per short ton.
Chinese steel prices closed flat for the day. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($137.87) and a low price of CNY 830.00 ($136.23) per dry metric ton. The price of Chinese HRC showed little movement on Thursday at CNY 3,490 ($572.81) per metric ton. The price of Chinese coking coal continues hovering around CNY 1,390 ($228.14) per metric ton for the fifth day in a row.
The cash price of steel billet remained essentially flat at $225.00 per metric ton on the LME. The steel billet 3-month price saw essentially no change on the LME for the fifth day in a row, remaining around $235.00 per metric ton.