Chinese steel closed mixed yesterday. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($138.82) and a low price of CNY 830.00 ($137.17) per dry metric ton. After holding steady for the past few days, the price of Chinese slab fell 1.7 percent, closing at CNY 3,550 ($586.70) per metric ton. The price of Chinese HRC saw essentially no change for the fifth day in a row, remaining around CNY 3,480 ($575.13) per metric ton.
The US HRC futures contract spot price moved on Monday. After a few changeless days, prices dropped 0.3 percent to $673.00 per short ton. The 3-month price of the US HRC futures contract remained essentially flat at $633.00 per short ton.