Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($138.79) and a low price of CNY 830.00 ($137.14) per dry metric ton. Chinese slab closed 0.3 percent lower at CNY 3,540 ($584.91) per metric ton. The price of Chinese HRC remained essentially flat at CNY 3,480 ($574.99) per metric ton.
The spot price of the US HRC futures contract weakened by 0.4 percent, settling at $670.00 per short ton. The 3-month price of the US HRC futures contract was unchanged at $633.00 per short ton.