steel price index

The cash price of steel billet saw a 1.3 percent drop on the LME on May 11, 2012, landing at $453 per metric ton and making it the biggest mover of the day in our daily steel price index. Also on the LME, the 3-month price of steel billet declined 1.1 percent to $470 per metric ton.

Chinese steel closed mixed last Friday. The high and low prices of iron ore 58% fines from India ranged between $135 and $137 per dry metric ton. Chinese slab prices saw a 0.7 percent decline, while the price of Chinese HRC showed little movement last Friday, keeping between $650 and $675 per metric ton.

The spot price of US HRC futures contract finished the day at $670 per short ton following a 0.8 percent increase. The 3-month price of US HRC futures fell 0.7 percent last Friday to $665 per short ton.

The cash price of steel billet saw a 1.3 percent drop on the LME on May 11, 2012, landing at $453 per metric ton and making it the biggest mover of the day. Also on the LME, the 3-month price of steel billet declined 1.1 percent to $470 per metric ton.

Chinese steel closed mixed last Friday. The price of iron ore 58% fines from India hit a low price of CNY 855 ($135) and a high price of CNY 865 ($137) per dry metric ton. Chinese slab prices saw a 0.7 percent decline to CNY 4,210 ($667) per metric ton. The price of Chinese HRC showed little movement last Friday at CNY 4,230 ($670) per metric ton.

The spot price of US HRC futures contract finished the day at $670 per short ton following a 0.8 percent increase. The 3-month price of US HRC futures fell 0.7 percent last Friday to $665 per short ton.

With a decline of 6.1 percent on the LME to $459 per metric ton on May 10, 2012, the steel billet cash price recorded the biggest shift of the day in steel market prices. The 3-month price of steel billet weakened by one percent on the LME, settling at $475 per metric ton.

Chinese steel closed mixed on Thursday. The high and low prices of iron ore 58% fines from India ranged between $135 and $140 per dry metric ton. The price of Chinese slab fell 2.5 percent yesterday, while the price of Chinese HRC flattened, resting between $650-$675 per metric ton, following two days of declines.

For the fifth consecutive day, the 3-month price of US HRC futures held flat at $670 per short ton. The spot price of US HRC futures contract remained essentially flat at $665 per short ton.

With a decline of 6.1 percent on the LME to $459 per metric ton on May 10, 2012, the steel billet cash price recorded the biggest shift of the day. The 3-month price of steel billet weakened by one percent on the LME, settling at $475 per metric ton.

Chinese steel closed mixed on Thursday. The price of iron ore 58% fines from India hit a high price of CNY 855 ($135) and a low price of CNY 865 ($137) per dry metric ton. The price of Chinese slab fell 2.5 percent yesterday to CNY 4,240 ($671) per metric ton. The price of Chinese HRC flattened at CNY 4,230 ($670) following two-days of declines.

For the fifth consecutive day, the 3-month price of US HRC futures held flat at $670 per short ton. The spot price of US HRC futures contract remained essentially flat at $665 per short ton.

A 2.9 percent increase made the LME steel billet cash price the week’s biggest mover on the Raw Steels MMI®, closing at $489 per metric ton. (The cash price of LME steel billet saw a 1.9 percent increase on May 9, 2012.) The 3-month price of steel billet fell two percent on the LME to $480 per metric ton after rising 2.1 percent the week before.

Chinese steel and raw material prices were mixed for the week. The high and low prices of iron ore 58% fines from India ranged between $135 and $140 per dry metric ton. Chinese HRC closed out the week with a 1.4 percent decline. The price of Chinese coking coal did not change since the previous week. Closing out the third week of declining prices, the price of Chinese slab dropped by 0.2 percent.

The US HRC futures contract spot price closed last week at $665 per short ton, after a 2.9 percent drop. The 3-month price of US HRC futures closed at $670 per short ton after a flat week. The price of US shredded scrap fell 0.5 percent over the past week. This was the third week in a row of declining prices for the scrap price.

The Raw Steels MMI® collects and weights 13 global steel and raw material price points to provide a unique view into global steel price trends. For more information on the Raw Steels MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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A 2.9 percent increase made the steel billet cash price the week’s biggest mover on the Raw Steels MMI®, closing at $489 per metric ton on the LME. (The cash price of LME steel billet saw a 1.9 percent increase on May 9, 2012.) The 3-month price of steel billet fell two percent on the LME to $480 per metric ton after rising 2.1 percent the week before.

Chinese steel and raw material prices were mixed for the week. The price of iron ore 58% fines from India hit a low price of CNY 855 ($135) and a high price of CNY 865 ($137) per dry metric ton. After a 1.4 percent decline, Chinese HRC closed out the week at CNY 4,230 ($672) per metric ton. At CNY 1,780 ($282) per metric ton, the price of Chinese coking coal did not change since the previous week. Closing out the third week of declining prices, the price of Chinese slab dropped by 0.2 percent, finishing at CNY 4,350 ($691) per metric ton.

The US HRC futures contract spot price closed last week at $665 per short ton, after a 2.9 percent drop. The price of US shredded scrap fell 0.5 percent over the past week to $433 per short ton. This was the third week in a row of declining prices. The 3-month price of US HRC futures closed at $670 per short ton after a flat week.

The Raw Steels MMI® collects and weights 13 global steel and raw material price points to provide a unique view into global steel price trends. For more information on the Raw Steels MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

The cash price of steel billet saw a 1.9 percent increase on May 9, 2012, reaching $489 per metric ton on the LME and making it the biggest mover for the day. After two changeless days, the steel billet 3-month price fell one percent on the LME to $480 per metric ton.

Chinese steel closed mixed on Wednesday. The price of iron ore 58% fines from India hit a low price of CNY 855 ($135) and a high price of CNY 865 ($137) per dry metric ton. Chinese HRC ended the day at CNY 4,230 ($672) per metric ton, after the 0.5 percent drop on Wednesday. The price of Chinese coking coal saw essentially no change for the fifth day in a row, remaining around CNY 1,780 ($282) per metric ton.

The US HRC futures contract 3-month price remained essentially flat at $670 per short ton. The US HRC futures contract spot price showed little movement yesterday, hovering around $665 per short ton.

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