This past week, the 3-month price of steel billet kept quiet, holding at on the LME at $285.00 per metric ton. Closing at $300.00 per metric ton, the cash price of steel billet remained unchanged on the LME for the week.
Korean steel prices were flat for the week. Following a steady week, prices for Korean steel scrap closed flat at KRW 345,000 ($325.26) per metric ton. Korean pig iron prices held steady from the previous week at KRW 635,000 ($567.52) per metric ton.
The Raw Steels MMI® collects and weights 13 global steel and raw material price points to provide a unique view into global steel price trends. For more information on the Raw Steels MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.