Raw Steels Hold Steady

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

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The steel billet cash price held steady on the LME at $355.00 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, hovering around $631.00 per short ton. The spot price of the US HRC futures contract held steady on Thursday, remaining around $655.00 per short ton.