steel price

On June 4, 2012, the day’s biggest mover on our steel price index was the US HRC futures contract spot price, which saw a 4.5 percent decline to $630 per short ton. The 3-month price of US HRC futures contract showed little movement on Monday, hovering around $650 per short ton.

Chinese steel prices, meanwhile, closed flat for the day.

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The cash price of steel billet saw a 3.6 percent drop on the LME on June 1, 2012, landing at $385 per metric ton and making it the biggest mover of the day on our steel price index. Also on the LME, the steel billet 3-month price fell 3.2 percent to $387 per metric ton.

Chinese steel prices, meanwhile, closed flat for the day.

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Following two days of increases on the LME, the 3-month price of steel billet dropped by 2.7 percent to end at $400 per metric ton on May 31, 2012. The LME steel billet cash price changed direction with a 2.6 percent drop. After two days of improving prices, the finished at $399 per metric ton.

Chinese steel prices and raw material inputs were flat for the day.

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The week’s biggest mover on the Automotive MMI® was the price of US platinum bar, which saw a 1.9 percent decline to $1,398 per ounce. Last week marked the fourth in a row of declining prices for the metal. The price of US palladium bar rose 1.2 percent to $602.00 per ounce after falling 1.3 percent during the previous week.

Meanwhile, the price of US HDG fell 0.5 percent over the past week. This was the third week in a row of declining prices.

Closing out the third week of declining prices, the LME cash price of primary copper dropped by 1.2 percent, finishing at $7,540 per metric ton. For the third week in a row, the 3-month price of copper dropped, falling 0.6 percent on the LME to $7,545 per metric ton.

The Chinese lead price dropped 0.3 percent this week, closing out the third consecutive week of falling prices, while prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week under $5 per kilogram.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Following two days of increases on the LME, the 3-month price of steel billet dropped by 2.7 percent to end at $400 per metric ton on May 31, 2012. The steel billet cash price changed direction with a 2.6 percent drop. After two days of improving prices, the finished at $399 per metric ton on the LME.

Chinese steel prices were flat for the day. The price of iron ore 58% fines from India hit a high price of CNY 850 ($133) and a low price of CNY 840 ($132) per dry metric ton. At CNY 4,150 ($654) per metric ton, the price of Chinese HRC was essentially unchanged. The price of Chinese coking coal saw little movement at CNY 1,780 ($280) per metric ton.

After two changeless days, the US HRC futures contract 3-month price fell 0.8 percent to $650 per short ton. After holding steady for the past few days, the US HRC futures contract spot price fell 0.3 percent, closing at $660 per short ton.

The week’s biggest mover on the Automotive MMI® was the price of US platinum bar, which saw a 1.9 percent decline to $1,398 per ounce. Last week marked the fourth in a row of declining prices for the metal. The price of US palladium bar rose 1.2 percent to $602.00 per ounce after falling 1.3 percent during the previous week.

The price of US HDG fell 0.5 percent over the past week to $798 per short ton. This was the third week in a row of declining prices.

Closing out the third week of declining prices, the cash price of primary copper dropped by 1.2 percent on the LME, finishing at $7,540 per metric ton. For the third week in a row, the 3-month price of copper dropped, falling 0.6 percent on the LME to $7,545 per metric ton. The Chinese lead price dropped 0.3 percent this week, closing out the third consecutive week of falling prices at CNY 15,250 ($2,403) per metric ton. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week at KRW 4,360 ($3) per kilogram.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive 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 week’s biggest mover on the Raw Steels MMI® was the 3-month price of steel billet, which saw a 2.4 percent decline on the LME to $411 per metric ton. Last week marked the fourth in a row of declining prices for the metal. The steel billet cash price dropped 2.1 percent on the LME this week, closing out the third consecutive week of falling prices at $410 per metric ton.

Chinese steel prices were mixed for the week. 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. The price of Chinese HRC rose 0.5 percent to CNY 4,150 ($655) per metric ton after falling 1.7 percent during the previous week. Chinese coking coal remained essentially flat from the previous week at CNY 1,780 ($281) per metric ton. Closing out the third week of declining prices, the price of Chinese slab dropped by 1.7 percent, finishing at CNY 4,020 ($634) per metric ton.

Following a 0.5 percent drop, the spot price of US HRC futures contract finished the week at $662 per short ton. Prices for US shredded scrap remained constant, closing the week at $432 per short ton. The 3-month price of US HRC futures contract closed at $655 per short ton after a flat week.

Korean steel prices were flat for the week. At KRW 440,000 ($376) per metric ton, the week finished with no movement for Korean steel scrap. Korean pig iron prices held steady from the previous week at KRW 790,000 ($675) per metric ton.

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.

At $410 per metric ton, the cash price of steel billet moved up 2.5 percent on May 30, 2012, making it the day’s biggest mover on the LME. Also on the LME, the 3-month price of steel billet rose 2.2 percent to $411 per metric ton.

Chinese steel prices closed flat 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. At CNY 4,150 ($655) per metric ton, the price of Chinese HRC was essentially unchanged. The price of Chinese coking coal held steady at CNY 1,780 ($281) per metric ton.

The US HRC futures contract 3-month price saw little price change on Wednesday at $655 per short ton. The US HRC futures contract spot price saw little movement yesterday, closing out around $662 per short ton.

The week’s biggest mover on the Raw Steels MMI® was the 3-month price of steel billet, which saw a 2.4 percent decline on the LME to $411 per metric ton.

Last week marked the fourth in a row of declining prices for the metal. For the third week in a row, the LME cash price of steel billet dropped, falling 2.1 percent on the LME to $410 per metric ton.

Certain Chinese and Korean steel prices were also active.

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The LME steel billet cash price saw a 2.5 percent increase on May 30, 2012, reaching $410 per metric ton on the LME and making it the biggest mover for the day on our global steel price index. Also on the LME, the steel billet 3-month price rose 2.2 percent to $411 per metric ton.

Meanwhile, Chinese steel prices were flat for the day.

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