Flat Day for Raw Steels

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Chinese steel prices were flat for the day. The price of iron ore 58% fines from India was range bound. The price of Chinese HRC remained essentially flat. The price of Chinese coking coal was unchanged.

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For the fifth consecutive day, the cash price of steel billet held flat on the LME at $365.00 per metric ton. The steel billet 3-month price saw little movement on the LME at $360.00 per metric ton.

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The US HRC futures contract 3-month price showed little movement yesterday at $629.00 per short ton. The spot price of the US HRC futures contract saw little price change yesterday at $658.00 per short ton.