December 02, 2008

Hot band spot prices continue upturn

SteelBenchmarker reported that the US hot rolled band spot price for August 27th 2007 up by 0.9% to USD 565 per ton on FOB mill basis after falling for the eighth consecutive time. The World export HRB price down by 0.4% to USD 555 per ton FOB port of export after rising last time. The Chinese HRB ex works price surged by 7.5% to USD 460 per ton, the third consecutive rise. And the Western European HRB price up by 1.1%to USD 670 per ton ex works, after staying flat two weeks.

1. US
USD 565 per metric ton
Up by USD 5 per ton from USD 560 two weeks ago
Down by USD 65 per ton from the peak of USD 630 on April 9th 2007
Down by USD 6 per tonne below the recent low of USD 571 on January 22nd 2007

2. World Export Price
USD 555 per metric ton FOB the port of export
Up by USD 2 per ton from USD 557 two weeks ago
Down by USD 41 per ton or 17.2% from the peak of USD 596 on March 26th 2007
Up by USD 56 per tonne from the previous low of USD 499 on December 11th 2006

3. Western Europe
USD 670 per metric ton EXW
Up by USD 7 per ton from USD 663 two weeks ago
Down by USD 26 per ton from the peak of USD 696 on June 11th 2007
Up by USD 114 per ton from the low of USD 556 on November 27th 2006

4. China
USD 460 per metric ton EXW
Up by USD 32 per ton from USD 428 two weeks ago
Up by USD 3 per ton from the peak of USD 457 on May 14th 2007
Up by USD 87 per ton from the low of USD 373 on July 24th 2006

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.