News Room - Steel Industry

Posted on 18 Jul 2008

Global hot band prices eruption sputters on and on

The SteelBenchmarker reported that the US hot rolled band spot price for July 14th slipped 0.3% to USD 1,184 per tonne, FOB the mill, after sixteen consecutive rises totaling USD 610, World export HRB price rose 1.3% to USD 1,111 per tonne, FOB the port of export, for the fifteenth consecutive rise totaling USD 530, Chinese HRB ex works price rose 2.2% to USD 733 per tonne, after slipping last time and the Western European HRB price surged 4.2% to USD 1,204 per tonne, ex works for the eleventh consecutive time totaling USD 491.

1. USA

USD 1,184 per metric tonne FOB the mill
Down by USD 3 per tonne from USD 1,187 three weeks ago
Up by USD 624 per tonne from the recent low of USD 560 on August 13th 2007
Up by USD 554 per tonne from the recent high of USD 630 on April 9th 2007

2. China
USD 733 per metric tonne ex works
Up by USD 16 per tonne from USD 717 three weeks ago
Up by USD 263 per tonne from the recent low of USD 470 on October 22nd 2007
Up by USD 246 per tonne from the previous high of USD 487 on September 10th 2007

3. Western Europe
USD 1,204 per metric tonne ex works
Up by USD 48 per tonne from USD 1,156 three weeks ago
Up by USD 541 per tonne from the recent low of USD 663 on July 23rd 2007
Up by USD 508 per tonne from the recent high of USD 696 on June 11th 2007

4. World Export Price
USD 1,111 per metric tonne, FOB the port of export
Up by USD 14 per tonne versus USD 1,097 three weeks ago
Up by USD 561 per tonne from the recent low of USD 550 on July 23rd 2007
Up by USD 515 per tonne from the recent high of USD 596 on March 26th 2007