Raw Steels MMI Flat Again

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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 ($138.37) and a low price of CNY 830.00 ($136.72) per dry metric ton. At CNY 3,490 ($574.88) per metric ton, the price of Chinese HRC was essentially unchanged. The price of Chinese coking coal was unchanged at CNY 1,430 ($235.55) per metric ton.

Also on the LME, the cash price of steel billet saw little change in its price last Friday at $260.00 per metric ton. The 3-month price of steel billet remained essentially flat on the LME at $260.00 per metric ton.

The US HRC futures contract 3-month price saw little movement last Friday at $645.00 per short ton. For the fifth day in a row, the US HRC futures contract spot price remained essentially flat at $676.00 per short ton.

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