The bi monthly SteelBenchmarker Chinese HRB ex works price for September 24th 2012 soared 6.3% to USD 475 per tonne, after dropping nine consecutive times. The Western European HRB price surged 4.2% to USD 625 per tonne, ex works, after falling two consecutive times. The World export HRB price dropped 3.6% to USD 542 per tonne, FOB the port of export, for the fifth consecutive time. The United States HRB spot price plunged 4.6% to USD 692 per tonne, FOB the mill, for the second consecutive time.

USA
USD 692 per tonne, FOB the mill
Down by USD 33 per tonne from USD 725 two weeks ago
Up by USD 23 per tonne from the recent low of USD 669 on July 9th 2012
Down by USD 124 per tonne from the recent high of USD 816 on January 23rd 2012
Down by USD 511 per tonne from the record peak of USD 1,203 on July 28th 2008

China
USD 475 per tonne, ex works
Up by USD 28 per tonne from USD 447 two weeks ago
Up by USD 68 per tonne from the previous low of USD 407 on October 12th 2009
Down by USD 162 per tonne from the recent high of USD 637 on August 22nd 2011
Down by USD 258 from the record peak of USD 733 on July 14th 2008

Western Europe
USD 625 per tonne, ex works
Up by USD 25 per tonne from USD 600 per tonne two weeks ago
Up by USD 54 from the previous low of USD 571 on November 23rd 2009
Down by USD 75 per tonne from the recent high of USD 700 on February 27th 2012
Down by USD 579 from the record peak of USD 1,204 on July 14th 2008

World Export Price
USD 542 per tonne, FOB the port of export
Down by USD 20 per tonne from USD 562 two weeks ago
Up by USD 46 per tonne from the previous low of USD 496 on November 9th 2009
Down by USD 114 per tonne from the recent high of USD 656 on March 12th 2012
Down by USD 571 per tonne from the record peak of USD 1,113 on July 28th 2008

Source - SteelBenchmarker

(www.steelguru.com)