On Monday, December 30, the day’s biggest mover was the price of Chinese slab, which saw a 0.8 percent decline to CNY 3,610 ($594.79) per metric ton. The price of Chinese HRC continues hovering around CNY 3,480 ($573.37) per metric ton for the fifth day in a row. The price of Chinese coking coal saw little movement at CNY 1,430 ($235.61) per metric ton. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($138.40) and a low price of CNY 830.00 ($136.75) per dry metric ton.
The steel billet cash price remained essentially flat at $300.00 per metric ton on the LME. For the fifth consecutive day, the steel billet 3-month price held flat on the LME at $285.00 per metric ton.
The 3-month price of the US HRC futures contract remained essentially flat at $643.00 per short ton. The US HRC futures contract spot price continues hovering around $676.00 per short ton for the fifth day in a row.