SteelBenchmarker: HRB Price Chill Intensifies
03/14/2014 - In its 191st report, the SteelBenchmarker released nine steel product and three USA scrap prices.
The bi-monthly SteelBenchmarker™ Western European HRB price for 10 March 2014 was up 0.8% to US$604 per metric ton (on a Euro basis, it was flat) after falling two consecutive times. The World export HRB price was down 0.5% to US$557 per metric ton for the third consecutive time. The Chinese HRB price was down 2.4% to US$456 per metric ton for the fourth consecutive time. The United States HRB spot price was down 2.5% to US$704 per metric ton for the fourth consecutive time.
In its 191st report, the SteelBenchmarker released nine steel product and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 10 March 2014:
USA — US$704 per metric ton (US$639 per ton), FOB the mill — down US$18 per metric ton from US$722 (US$655ton) two weeks ago, up US$67 from the recent low of US$637 (US$578ton) on 27 May 2013 and up US$151 from the low of US$553 per metric ton (US$502ton) on 23 November 2009. It is down US$266 per metric ton from the recent high of US$970 (US$880ton) on 28 March 2011 and down US$499 (41.5%) from the record peak of US$1,203 per metric ton (US$1,091ton) on 28 July 2008.
China — US$456 per metric ton, ex-works — down US$11 per metric ton from US$467 two weeks ago, up US$9 per metric ton from the recent low of US$447 on 10 September 2012 and up US$49 from the low of US$407 per metric ton on 12 October 2009. It is down US$181 per metric ton from the recent high of US$637 on 22 August 2011 and down US$277 (37.8%) from the record peak of US$733 per metric ton on 14 July 2008.
Western Europe — US$604 (€435e) per metric ton, ex-works — up US$5 per metric ton from US$599 (€435) two weeks ago (on a Euro basis, it was flat), up US$14 (down €19) from the recent low of US$590 (€454) on 8 July 2013 and up US$33 (up €54) from the low of US$571 (€381) per metric ton on 23 November 2009. It is down US$248 (€170) per metric ton from the recent high of US$852 (€605) on 28 March 2011 and down US$600 (49.8%) (€321) (42.5%) from the record peak of US$1,204 (€756) per metric ton on 14 July 2008.
World Export Price — US$557 per metric ton, FOB the port of export — down US$3 per metric ton from US$560 two weeks ago, up US$25 from the recent low of US$532 on 8 October 2012 and up US$61 from the low of US$496 per metric ton on 9 November 2009. It is down US$245 per metric ton from the recent high of US$802 on 14 February 2011 and down US$556 (50.0%) from the record peak of US$1,113 per metric ton on 28 July 2008.
In its 191st report, the SteelBenchmarker released nine steel product and three USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 10 March 2014:
USA — US$704 per metric ton (US$639 per ton), FOB the mill — down US$18 per metric ton from US$722 (US$655ton) two weeks ago, up US$67 from the recent low of US$637 (US$578ton) on 27 May 2013 and up US$151 from the low of US$553 per metric ton (US$502ton) on 23 November 2009. It is down US$266 per metric ton from the recent high of US$970 (US$880ton) on 28 March 2011 and down US$499 (41.5%) from the record peak of US$1,203 per metric ton (US$1,091ton) on 28 July 2008.
China — US$456 per metric ton, ex-works — down US$11 per metric ton from US$467 two weeks ago, up US$9 per metric ton from the recent low of US$447 on 10 September 2012 and up US$49 from the low of US$407 per metric ton on 12 October 2009. It is down US$181 per metric ton from the recent high of US$637 on 22 August 2011 and down US$277 (37.8%) from the record peak of US$733 per metric ton on 14 July 2008.
Western Europe — US$604 (€435e) per metric ton, ex-works — up US$5 per metric ton from US$599 (€435) two weeks ago (on a Euro basis, it was flat), up US$14 (down €19) from the recent low of US$590 (€454) on 8 July 2013 and up US$33 (up €54) from the low of US$571 (€381) per metric ton on 23 November 2009. It is down US$248 (€170) per metric ton from the recent high of US$852 (€605) on 28 March 2011 and down US$600 (49.8%) (€321) (42.5%) from the record peak of US$1,204 (€756) per metric ton on 14 July 2008.
World Export Price — US$557 per metric ton, FOB the port of export — down US$3 per metric ton from US$560 two weeks ago, up US$25 from the recent low of US$532 on 8 October 2012 and up US$61 from the low of US$496 per metric ton on 9 November 2009. It is down US$245 per metric ton from the recent high of US$802 on 14 February 2011 and down US$556 (50.0%) from the record peak of US$1,113 per metric ton on 28 July 2008.
