Steel News


SteelBenchmarker: HRB Prices Rise in Western Europe But Fall Elsewhere

9/25/2013 - The bi-monthly SteelBenchmarker Western European HRB price for 23 September rose 1.2% to US$610 per metric ton (on a Euro basis, it fell 0.7%) for the second consecutive time. The United States HRB spot price slipped 0.1% to US$717 per metric ton for the second consecutive time. The World export HRB price fell 0.7% to US$573 per metric ton after rising four consecutive times. The Chinese HRB price fell 1.8% to US$491 per metric ton for the second consecutive time.
In its 180th report, the SteelBenchmarker™ released 10 steel product and three USA scrap prices. Of these, here are four benchmark prices for hot rolled band for 23 September 2013:

USA – US$717 per metric ton (US$651 per ton), FOB the mill – down US$1 per metric ton from US$718 (US$651 ton) two weeks ago, up US$65 from the recent low of US$652 (US$591 ton) on 22 October 2012 and up US$164 from the low of US$553 per metric ton (US$502 ton) on 23 November 2009. It is down US$253 per metric ton from the recent high of US$970 (US$880 ton) on 28 March 2011 and down US$486 (40.4%) from the record peak of US$1,203 per metric ton (US$1,091 ton) on 28 July 2008.

China – US$491 per metric ton, ex-works – down US$9 per metric ton from US$500 two weeks ago, up US$44 per metric ton from the recent low of US$447 on 10 September 2012 and up US$84 from the low of US$407 per metric ton on 12 October 2009. It is down US$146 per metric ton from the recent high of US$637 on 22 August 2011 and down US$242 (33.0%) from the record peak of US$733 per metric ton on 14 July 2008.

Western Europe – US$610 (€452) per metric ton, ex-works – up US$7 per metric ton from US$603 (€455) two weeks ago (on a Euro basis, it was down €3), up US$19 (down €13) from the recent low of US$591 (€465) on 12 November 2012 and up US$39 (up €71) from the low of US$571 (€381) per metric ton on 23 November 2009. It is down US$242 (€153) per metric ton from the recent high of US$852 (€605) on 28 March 2011 and down US$594 (49.3%) (€304) (40.2%) from the record peak of US$1,204 (€756) per metric ton on 14 July 2008.

World Export Price – US$573 per metric ton, FOB the port of export – down US$4 per metric ton from US$577 two weeks ago, up US$41 from the recent low of US$532 on 8 October 2012 and up US$77 from the low of US$496 per metric ton on 9 November 2009. It is down US$229 per metric ton from the recent high of US$802 on 14  February 2011 and down US$540 (48.5%) from the record peak of US$1,113 per metric ton on 28 July 2008.