3-Month Price of Steel Billet Rises 2.1%

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Commodities, Metal Prices, Premium

On Tuesday, November 26, the steel billet 3-month price experienced the biggest change, rising 2.1 percent on the LME to $240.00 per metric ton. Also on the LME, the steel billet cash price rose 2.1 percent to $240.00 per metric 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 ($137.90) and a low price of CNY 830.00 ($136.25) per dry metric ton. The price of Chinese HRC remained steady at CNY 3,490 ($572.92) per metric ton. For the fifth day in a row, the price of Chinese coking coal remained essentially flat at CNY 1,390 ($228.18) per metric ton.

The US HRC futures contract 3-month price saw little movement on Tuesday, closing out around $650.00 per short ton. The US HRC futures contract spot price held steady at $668.00 per short ton.

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