Steel News


SteelBenchmarker: U.S. HRB Prices Rise While Prices Fall Elsewhere

10/16/2013 - The bi-monthly SteelBenchmarker™ United States HRB spot price for 14 October 2013 rose 0.8% to US$723 per metric ton after falling two consecutive times.
The Western European HRB price fell 0.5% to US$607 per metric ton (on a Euro basis, it fell 0.7%) after rising two consecutive times. The Chinese HRB price fell 0.6% to US$488 per metric ton for the third consecutive time.

The World export HRB price plunged 3.0% to US$556 per metric ton for the second consecutive time. In its 181st report, the SteelBenchmarker released 11 steel product and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 14 October 2013:

USA – US$723 per metric ton (US$656 per net ton), FOB the mill — up US$6 per metric ton from US$717 (US$651 ton) three weeks ago, up US$71 from the recent low of US$652 (US$591 ton) on 22 October 2012 and up US$170 from the low of US$553 per metric ton (US$502 ton) on 23 November 2009. It is down US$247 per metric ton from the recent high of US$970 (US$880 ton) on 28 March 2011 and down US$480 (39.9%) from the record peak of US$1,203 per metric ton (US$1,091 ton) on 28 July 2008.

China – US$488 per metric ton, ex-works — down US$3 per metric ton from US$491 three weeks ago, up US$41 per metric ton from the recent low of US$447 on 10 September 2012 and up US$81 from the low of US$407 per metric ton on 12 October 2009. It is down US$149 per metric ton from the recent high of US$637 on 22 August 2011 and down US$245 (33.4%) from the record peak of US$733 per metric ton on 14 July 2008.

Western Europe – US$607 (€449) per metric ton, ex-works — down US$3 per metric ton from US$610 (€452) three weeks ago (on a Euro basis, it was down €3), up US$16 (down €16) from the recent low of US$591 (€465) on 12 November 2012 and up US$36 (up €68) from the low of US$571 (€381) per metric ton on 23 November 2009. It is down US$245 (€156) per metric ton from the recent high of US$852 (€605) on 28 March 2011 and down US$597 (49.6%) (€307) (40.6%) from the record peak of US$1,204 (€756) per metric ton on 14 July 2008.

World Export Price – US$556 per metric ton, FOB the port of export — down US$17 per metric ton from US$573 three weeks ago, up US$24 from the recent low of US$532 on 8 October 2012 and up US$60 from the low of US$496 per metric ton on 9 November 2009. It is down US$246 per metric ton from the recent high of US$802 on 14 February 2011 and down US$557 (50.0%) from the record peak of US$1,113 per metric ton on 28 July 2008.