October 08, 2008

Hot band prices movement in last fortnight

SteelBenchmarker reported that the US hot rolled band spot price for November 26th 2007 surged by 1.5% to USD 595 per ton on FOB basis after 2 consecutive rises, world export HRB price dropped by 0.3% to USD 581 per tonne FOB the port of export for the second consecutive time, Chinese HRB ex works price up by 2.7% to USD 494 per tonne for the second consecutive time and the Western European HRB price up by 0.1% to USD 678 per tonne ex works for the second consecutive time.

USA
USD 595 per ton FOB
Up by USD 9 per ton from USD 586 two weeks ago
Down by USD 35 per ton from the recent high of USD 630 on April 9th 2007
Up by USD 35 per ton from the recent low of USD 560 on August 13th 2007

China
USD 499 per tonne ex works
Up by USD 13 per tonne from USD 486 two weeks ago
Up by USD 12 from USD 487 on September 10th 2007
Up by USD 42 per tonne from the previous high of USD 457 on May 14th 2007
Up by USD 97 per tonne from the recent low of USD 402 on July 9th 2007

Western Europe
USD 678 per tonne ex works
Up by USD 1 per tonne from USD 677 two weeks ago
Down by USD 18 per tonne from the recent high of USD 696 on June 11th 2007
Up by USD 15 per tonne from the recent low of USD 663 on July 23rd 2007

World Export Price
USD 581 per tonne FOB the port of export
Down by USD 2 per tonne from USD 583 two weeks ago
Down by USD 15 per tonne from the recent high of USD 596 on March 26th 2007
Up by USD 31 per tonne from the recent low of USD 550 on July 23rd 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.