Source: Jeff Yoders/MetalMiner.
On Thursday, April 17, the day’s biggest mover was the US HRC futures contract 3-month price, which saw a 0.3 percent increase to $655.00 per short ton. The spot price of the US HRC futures contract held steady around $656.00 per short ton.
Chinese steel prices closed flat for the day. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($135.05) and a low price of CNY 830.00 ($133.44) per dry metric ton. The price of Chinese HRC remained steady at CNY 3,400 ($546.64) per metric ton. The price of Chinese coking coal saw essentially no change for the fifth day in a row, remaining around CNY 1,390 ($223.48) per metric ton.
The cash price of steel billet continues hovering around $390.00 per metric ton on the LME for the fifth day in a row. The steel billet 3-month price saw little movement on the LME at $400.00 per metric ton.