The 3-month Price of US HRC Futures Contract Rises 0.2%

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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.

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.

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