SteelBenchmarker: HRB Prices Slumbering
01/15/2014 - The latest SteelBenchmarker report shows HRB prices in China, the USA and Western Europe all flat, with world export prices down 0.4%.
The bi-monthly SteelBenchmarker™ Chinese HRB price for 13 January 2014 was flat at US$477 per tonne after rising last time. The United States HRB spot price was flat at US$744 per tonne after rising six consecutive times. The Western European HRB price was flat at US$608 per tonne (on a Euro basis, it was flat) after falling last time. The World export HRB price slipped 0.4% to US$563 per tonne after rising four consecutive times.
In its 187th report, the SteelBenchmarker released 10 steel product and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 13 January 2014:
USA – US$744 per tonne (US$675 per ton), FOB the mill — flat with US$744 per tonne from US$744 (US$675 ton) three weeks ago, up US$107 from the recent low of US$637 (US$578 ton) on 27 May 2013 and up US$191 from the low of US$553 per tonne (US$502 ton) on 23 November 2009. It is down US$226 per tonne from the recent high of US$970 (US$880 ton) on 28 March 2011 and down US$459 (38.2%) from the record peak of US$1,203 per tonne (US$1,091 ton) on 28 July 2008.
China – US$477 per tonne, ex-works — flat with US$477 three weeks ago, up US$30 per tonne from the recent low of US$447 on 10 September 2012 and up US$70 from the low of US$407 per tonne on 12 October 2009. It is down US$160 per tonne from the recent high of US$637 on 22 August 2011 and down US$256 (34.9%) from the record peak of US$733 per tonne on 14 July 2008.
Western Europe – US$608 (€444) per tonne, ex-works — flat with US$608 (€444e) three weeks ago (on a Euro basis, it was flat), up US$18 (down €10) from the recent low of US$590 (€454) on 8 July 2013 and up US$37 (up €63) from the low of US$571 (€381) per tonne on 23 November 2009. It is down US$244 (€161) per tonne from the recent high of US$852 (€605) on 28 March 2011 and down US$596 (49.5%) (€312) (41.3%) from the record peak of US$1,204 (€756) per tonne on 14 July 2008.
World Export Price – US$563 per tonne, FOB the port of export — down US$2 per tonne from US$565 three weeks ago, up US$31 from the recent low of US$532 on 8 October 2012 and up US$67 from the low of US$496 per tonne on 9 November 2009. It is down US$239 per tonne from the recent high of US$802 on 14 February 2011 and down US$550 (49.4%) from the record peak of US$1,113 per tonne on 28 July 2008.
In its 187th report, the SteelBenchmarker released 10 steel product and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for 13 January 2014:
USA – US$744 per tonne (US$675 per ton), FOB the mill — flat with US$744 per tonne from US$744 (US$675 ton) three weeks ago, up US$107 from the recent low of US$637 (US$578 ton) on 27 May 2013 and up US$191 from the low of US$553 per tonne (US$502 ton) on 23 November 2009. It is down US$226 per tonne from the recent high of US$970 (US$880 ton) on 28 March 2011 and down US$459 (38.2%) from the record peak of US$1,203 per tonne (US$1,091 ton) on 28 July 2008.
China – US$477 per tonne, ex-works — flat with US$477 three weeks ago, up US$30 per tonne from the recent low of US$447 on 10 September 2012 and up US$70 from the low of US$407 per tonne on 12 October 2009. It is down US$160 per tonne from the recent high of US$637 on 22 August 2011 and down US$256 (34.9%) from the record peak of US$733 per tonne on 14 July 2008.
Western Europe – US$608 (€444) per tonne, ex-works — flat with US$608 (€444e) three weeks ago (on a Euro basis, it was flat), up US$18 (down €10) from the recent low of US$590 (€454) on 8 July 2013 and up US$37 (up €63) from the low of US$571 (€381) per tonne on 23 November 2009. It is down US$244 (€161) per tonne from the recent high of US$852 (€605) on 28 March 2011 and down US$596 (49.5%) (€312) (41.3%) from the record peak of US$1,204 (€756) per tonne on 14 July 2008.
World Export Price – US$563 per tonne, FOB the port of export — down US$2 per tonne from US$565 three weeks ago, up US$31 from the recent low of US$532 on 8 October 2012 and up US$67 from the low of US$496 per tonne on 9 November 2009. It is down US$239 per tonne from the recent high of US$802 on 14 February 2011 and down US$550 (49.4%) from the record peak of US$1,113 per tonne on 28 July 2008.
