The bi-monthly SteelBenchmarker™ United States HRB price for Sept. 28 rose 1.5 percent to $616 per metric ton, FOB the mill, for the eighth consecutive rise. The Western European HRB price surged 0.3 percent to $606 (on a Euro basis, it rose 0.7 percent), ex-works, for the seventh consecutive rise. The World export HRB price fell 1.1 percent to $545 per ton, FOB the port of export, after eight consecutive rises. The Chinese HRB ex-works price fell 5.0 percent to $415 per ton, for the third consecutive decline.
The four benchmark prices for hot-rolled band for Sept. 28, 2009 are: - U.S.—$616 per metric ton ($559 per net ton), FOB the mill—up $9 per ton from $607 ($551 net) two weeks ago, and up $187 per ton from recent low of $429 ($390 net) on May 25, 2009. It is down $587 (48.8 percent) per ton from the record peak of $1,203 ($1,091 net) on July 28, 2008 and up $386 per ton from the record low of $230 ($209 net) in December 2001.
- China—$415 per metric ton, ex-works—down $22 per ton from $437 two weeks ago, but up $24 per ton from the recent low of $391 on April 13, 2009. It is down $318 (43.4 percent) per ton from the record peak of $733 on July 14, 2008 and up $168 per ton from the record low of $247 in January 2002.
- Western Europe—$606 (€416) per metric ton, ex-works—up $2 per ton from $604 (€413) two weeks ago (on a Euro basis, up €3), and up $153 (up €77) per ton from the recent low of $453 (€339) on April 27, 2009. It is down $598 (€340) (49.7 percent) per ton from the record peak of $1,204 (€756) on July 14, 2008 and up $417 (€204) per ton from the record low of $189 (€212) in December 2001.
- World Export Price—$545 per metric ton, FOB the port of export—down $6 per ton versus $551 two weeks ago, but up $151 per ton from the recent low of $394 on May 11, 2009. It is down $568 (51.0 percent) per ton from the record peak of $1,113 on July 28, 2008 and up $370 per ton from the record low of $175 in December 2001.
SteelBenchmarker™ publishes steel benchmark prices for hot-rolled band, cold-rolled coil, rebar and standard plate in the following regions: the U.S., Western Europe, and the world export market. Additionally, there are benchmark prices for steel scrap in the U.S.
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