At $650.00 per short ton, the US HRC futures contract 3-month price moved up 0.2 percent on Wednesday, December 4, making it the day’s biggest mover. The US HRC futures contract spot price saw little price change yesterday at $676.00 per short ton.
Chinese steel prices were flat for the day. The price of iron ore 58% fines from India was range bound. Chinese HRC saw little change in its price yesterday. The price of Chinese coking coal remained steady.
The steel billet cash price showed little movement yesterday on the LME at $240.00 per metric ton. The steel billet 3-month price held steady on Wednesday on the LME, remaining around $240.00 per metric ton.