Chinese steel prices were flat for the week. The price of iron ore 58% fines from India were range bound. The price of Chinese HRC did not change since the previous week. Chinese coking coal traded sideways last week. Chinese slab remained unchanged for the week.
This past week, the steel billet 3-month price kept quiet, holding at on the LME at $360.00 per metric ton. Also on the LME, the cash price of steel billet remained steady from the previous week at $365.00 per metric ton.
Korean steel prices were mixed for the week. The price of Korean steel scrap declined 1.6 percent over the past week. Prices for Korean pig iron remained constant, closing the week.
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