3-Month Price of US HRC Futures Contract Rises

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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.

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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.

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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.