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.
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.
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.