SteelBenchmarker reported that US hot lolled band spot price for May 11th 2009 dropped 2.2% to USD 443 per metric tonne, FOB the mill; for the nineteenth consecutive time. The World export HRB price declined 0.3% to USD 394 per tonne, FOB the port of export; for the eighth consecutive time. The Chinese HRB ex works price rose 4.0% to USD 416 per tonne for the second consecutive time and Western European HRB price rose 1.5% to USD 460 ex-works; after two consecutive falls.
USA
USD 443 per metric tonne FOB the mill
Down by USD 10 per tonne from USD 453 two weeks ago
Down by USD 760 per tonne from the record peak of USD 1,203 on July 28th 2008
Up by USD 3 per tonne from the recent low of USD 440 in July 2005
Up by USD 213 per tonne from the record low of USD 230 in December 2001
China
USD 416 per metric tonne, ex works
Up by USD 16 per tonne from USD 400 two weeks ago
Down by USD 317 per tonne from the record peak of USD 733 on July 14th 2008
Up by USD 126 per tonne from the recent low of USD 290 in December 2005
Up by USD 169 per tonne from the record low of USD 247 in January 2002
Western Europe
USD 460 per metric tonne, ex works
Up by USD 7 per tonne from USD 453 two weeks ago
Down by USD 744 per tonne from the record peak of USD 1,204 on July 14th 2008
Up by USD 4 per tonne from the recent low of USD 456 in December 2005
Up by USD 271 per tonne from the record low of USD 189 in December 2001
World Export Price
USD 394 per metric tonne, FOB the port of export
Down by USD 1 per tonne versus USD 395 two weeks ago
Down by USD 719 per tonne from the record peak of USD 1,113 on July 28th 2008
Up by USD 5 per tonne from the recent low of USD 389 in July 2005
Up by USD 219 per tonne from the record low of USD 175 in December 2001
SteelBenchmarker publishes steel benchmark prices for HRB, CR coil, rebar and standard plate in the US, Western Europe, mainland China, and the world export market every fortnight.
