steel price index

The price of Chinese slab closed May 21, 2012 with a 2.1 percent drift, halting its three-day flat run. After a couple of days of decreasing prices, the price of Chinese HRC held steady, between $650 and $675 per metric ton.

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The price of Chinese slab closed May 21, 2012 at CNY 4,120 ($651) per metric ton, halting its three-day flat run with a 2.1 percent shift. After a couple of days of decreasing prices, the price of Chinese HRC held steady at CNY 4,130 ($652). The price of Chinese coking coal remained essentially flat at CNY 1,780 ($281) per metric ton. The price of iron ore 58% fines from India hit a high price of CNY 850 ($134) and a low price of CNY 840 ($132) per dry metric ton.

On the LME, the steel billet 3-month price declined two percent to $431 per metric ton. Also on the LME, the steel billet cash price held steady around $429 per metric ton.

Following a two-day drop, the US HRC futures contract spot price increased by 0.5 percent to $665 per short ton. The 3-month price of US HRC futures contract has been on the decline for seven days and is now at $655 per short ton.

Following two days of increases on the LME, the steel billet 3-month price dropped by 6.4 percent to end last week at $440 per metric ton. Weakening prices followed two days of improvement as the cash price of steel billet dropped six percent on the LME to $429 per metric ton.

Chinese steel prices, however, were mixed for the day.

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Following two days of increases on the LME, the steel billet 3-month price dropped by 6.4 percent to end at $440 per metric ton on May 18, 2012. Weakening prices followed two days of improvement as the cash price of steel billet dropped six percent on the LME to $429 per metric ton.

Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India hit a high price of CNY 850 ($134) and a low price of CNY 840 ($132) per dry metric ton. Chinese HRC ended the day at CNY 4,130 ($652) per metric ton, after the 0.5 percent drop last Friday. The price of Chinese coking coal remained essentially flat at CNY 1,780 ($281) per metric ton.

The 3-month price of US HRC futures contract has been on the decline for seven days and is now at $655 per short ton. The US HRC futures contract spot price has been on the decline for seven days and is now at $662 per short ton.

With a 2.2 percent increase over the past day, the 3-month price of LME steel billet was the biggest mover on our steel price index, closing at $470 per metric ton on May 17, 2012. Also on the LME, the cash price of steel billet rose 0.6 percent to $456 per metric ton.

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With a 2.2 percent increase over the past day, the 3-month price of steel billet was the biggest mover on the LME, closing at $470 per metric ton on May 17, 2012. On the LME, the cash price of steel billet rose 0.6 percent to $456 per metric ton.

Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India hit a high price of CNY 840 ($134) and a low price of CNY 850 ($132) per dry metric ton. The price of Chinese HRC closed Thursday at CNY 4,150 ($656) per metric ton, halting its two-day flat run with a 1.2 percent decline. For the fifth consecutive day, the price of Chinese coking coal held flat at CNY 1,780 ($281) per metric ton.

Thursday saw the US HRC futures contract 3-month price shift down 0.8 percent to $660 per short ton after three quiet days. The US HRC futures contract spot price moved yesterday. After a few changeless days, prices dropped 0.7 percent to $665 per short ton.

The week’s biggest mover on the Raw Steels MMI® was the cash price of steel billet, which saw a 7.2 percent decline on the LME to $454 per metric ton. This comes on the heels of a 4.9 percent increase the week before. This week, the steel billet 3-month price finished at $460 per metric ton on the LME after falling 4.2 percent.

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With a 5.6 percent increase over the past day, the LME steel billet cash price was the biggest mover in steel markets on May 16, 2012, closing at $454 per metric ton. On Wednesday, the 3-month price of steel billet experienced an increase as well, rising 3.4 percent on the LME to land at $460 per metric ton.

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After falling 1.1 percent, US steel plate was the week’s biggest mover on the Renewables MMI®. The US grain-oriented electrical steel (GOES) price remained essentially flat from the previous week. Closing just above $950 per metric ton, Korean steel plate remained unchanged for the week. Japanese steel plate prices held steady from the previous week at just above $1,000 per metric ton.

Chinese renewables prices were mixed for the week. The price of silicon dropped 0.7 percent this week, closing out the third consecutive week of falling prices. Prices for Chinese cobalt cathodes remained constant, closing the week at above $39,500 per metric ton. Neodymium remained unchanged for the week. Prices for Chinese steel plate remained constant, closing the week between $750-775 per metric ton.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

On May 14, 2012, the day’s biggest mover on our daily steel price index was the LME steel billet cash price, which saw a 2.5 percent increase to $464 per metric ton. This increase comes after the price fell for the two previous days. Also after dropping for two days on the LME, the 3-month price of steel billet flattened at $470.

Chinese steel prices were mixed for the day. The high and low prices of iron ore 58% fines from India ranged between $135 and $140 per dry metric ton. Monday saw the price of Chinese HRC shift down 0.7 percent after three quiet days. The price of Chinese coking coal kept steady.

The US HRC futures contract 3-month price remained essentially flat at $665 per short ton. The spot price of the US HRC futures contract held steady on Monday, remaining around $670 per short ton.

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