September 08, 2008

Global HRB spot prices in super volcanic eruption

SteelBenchmarker reported that the US hot rolled band spot price for March 24th 2008 surged by 3.7% to USD 865 per ton, FOB the mill for the tenth consecutive rise totaling USD 288, world export HRB price rise by 6.6% to USD 870 per tonne FOB the port of export, for the eighth consecutive rise totaling USD 289, Chinese HRB ex works price slipped slightly to USD 627 per tonne for the fifth consecutive rise and the Western European HRB surged by 4.7% to USD 930 per tonne ex works for the fourth consecutive time totaling USD 217.

USA
USD 865 per tonne FOB the mill
Up by USD 31 per tonne from USD 834 two weeks ago
Up by USD 305 per tonne from the recent low of USD 560 on August 13th 2007
Up by USD 235 per tonne from the recent high of USD 630 on April 9th 2007

China
USD 627 per tonne ex works
Down by USD 1 per tonne from USD 628 two weeks ago
Up by USD 157 per tonne from the recent low of USD 470 on October 22nd 2007
Up by USD 140 per tonne from the previous high of USD 487 on September 10th 2007

Western Europe
USD 930 per tonne ex works
Up by USD 42 per tonne from USD 888 two weeks ago
Up by USD 267 per tonne from the recent low of USD 663 on July 23rd 2007
Up by USD 234 per tonne from the recent high of USD 696 on June 11th 2007

World Export Price
USD 870 per tonne FOB the port of export
Up by USD 54 per tonne versus USD 816 two weeks ago
Up by USD 320 per tonne from the recent low of USD 550 on July 23rd 2007
Up by USD 274 per tonne from the recent high of USD 596 on March 26th 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.