The bi monthly SteelBenchmarkerTM Western European HRB price for January 23rd 2012 rose by 2.6% to USD 662 per tonne, ex works, for the second consecutive time. The World export HRB price rose by 2.2% to USD 643 per tonne, FOB the port of export, for the fourth consecutive time. The United States HRB spot price rose by 1.7% to USD 816 per tonne, FOB the mill, for the fifth consecutive time. The Chinese HRB ex works price increased by 0.4% to USD 560 per tonne, after falling last time.

USA
USD 816 per tonne, FOB the mill
Up by USD 14 per tonne from USD 802 two weeks ago
Up by USD 107 per tonne from the recent low of USD 709 on November 14th 2011
Down by USD 154 per tonne from the recent high of USD 970 on March 28th 2011
Down by USD 387 per tonne from the record peak of USD 1,203 on July 28th 2008

China
USD 560 per tonne, ex works
Up by USD 2 per tonne from USD 558 two weeks ago
Up by USD 78 per tonne from the recent low of USD 482 on July 12th 2010
Down by USD 77 per tonne from the recent high of USD 637 on August 22nd 2011
Down by USD 173 from the record peak of USD 733 on July 14th 2008

Western Europe
USD 662 per tonne, ex works
Up by USD 17 per tonne from USD 645 two weeks ago
Down by USD 6 from the recent low of USD 668 on November 22nd 2010
Down by USD 190 per tonne from the recent high of USD 852 on March 28th 2011
Down by USD 542 from the record peak of USD 1,204 on July 14th 2008

World Export Price
USD 643 per tonne, FOB the port of export
Up by USD 14 per tonne from USD 629 two weeks ago
Up by USD 31 per tonne from the recent low of USD 612 on November 28th 2011
Down by USD 130 per tonne from the recent high of USD 773 on February 28th 2011
Down by USD 470 per tonne from the record peak of USD 1,113 on July 28th 2008