September 08, 2008

Hot band spot prices continue upturn globally

SteelBenchmarker reported that the US hot rolled band spot price for September 24th 2007 up by 0.7% to USD 576 per ton on FOB mill basis for the third consecutive time. The World export HRB price rose by 2% to USD 574 per ton FOB port of export for second consecutive time. The Chinese HRB ex works price fell by 2.1% to USD 477 per ton, for the fourth consecutive rise. And the Western European HRB price rose by 1.5% at USD 680 per ton ex works for second consecutive time.

1. US
USD 576 per metric ton FOB mill
Up by USD 4 per ton from USD 572 two weeks ago
Down by USD 54 per ton from of USD 630 on April 9th 2007
Up by USD 16 per ton from USD 560 on August 13th 2007

2. World Export Price
USD 574 per tonne FOB the port of export
Up by USD 11 per ton from USD 563 two weeks ago
Down by USD 22 per tonne from USD 596 on March 26th 2007
Up by USD 24 per ton from USD 550 on July 23rd 2007

3. Western Europe
USD 680 per metric ton EXW
Up by USD 10 per ton from USD 670 per ton from two weeks ago
Down by USD 16 per ton from USD 696 on June 11th 2007
Up by USD 20 per ton from USD 660 on March 12th 2007

4. China
USD 477 per metric ton EXW
Down by USD 10 per ton from USD 487 two weeks ago
Up by USD 20 per ton from USD 457 on May 14th 2007
Up by USD 75 per ton from USD 402 on July 9th 2007

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.