The steel billet cash price saw the biggest upwards shift for the day, rising 2.9 percent on the LME to close at $360.00 per metric ton on Wednesday, March 5. The 3-month price of steel billet remained essentially flat on the LME at $355.00 per metric ton.
Chinese steel prices were flat for the day. The price of iron ore 58% fines from India fluctuated within a small range. The price of Chinese HRC and Chinese coking coal both held steady.
The 3-month price of the US HRC futures contract inched up slightly. The US HRC futures contract spot price held steady yesterday.