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 hit a high price of CNY 840.00 ($137.89) and a low price of CNY 830.00 ($136.25) per dry metric ton. Chinese HRC saw little change in its price yesterday at CNY 3,550 ($582.74) per metric ton. The price of Chinese coking coal remained steady at CNY 1,430 ($234.74) per metric ton.
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.