The bi monthly SteelBenchmarker TM Chinese HRB ex works price rose 1.4%to USD 525 per tonne,after falling two consecutive times.The World export HRB price was flat at USD 553 per ton,FOB the port of export,after rising four consecutive times.Western European HRB price surged 4.0%to USD 628 per tonne(on a Euro basis,it increased 2.4%),ex works,for the third consecutive time.The United States HRB spot price slipped 0.4%to USD 702 per metric ton,FOB the mill,after rising three consecutive times.
USA
USD 702 per metric ton FOB the mill
Down USD 3 per ton from USD 705 two weeks ago
Up by USD 33 per ton from the recent low of USD 669 on July 9,2012
Down USD 114 per ton from the recent high of USD 816 on January 23rd 2012
Down USD 501(41.6%)per ton from the record peak of USD 1,203 on July 28th 2008
China
USD 525 per metric tonne,ex works
Up USD 7 per tonne from USD 518 two weeks ago
Up USD 118 per tonne from the previous low of USD 407 on Oct.12,2009
Down by USD 112 per tonne from the recent high of USD 637 on August 22nd 2011.
Down by USD 208(28.3%)from the record peak of USD 733 on July 14,2008
Western Europe
USD 628 per metric tonne ex works
Up by USD 24 per tonne from USD 604(€464)per tonne two weeks ago
Up by USD 57 from the previous low of USD 571 on November 23rd 2009
Down by USD 72 per tonne from the recent high of USD 700(€520)on February 27th 2012
Down USD 576 from the record peak of USD 1,204(€756)on July 14th2008
World Export Price
USD 553 per metric tonne,FOB the port of export
Flat with USD 553 two weeks ago
Up USD 57 per tonne from the previous low of USD 496 on November 9th 2009
Down USD 103 per tonne from the recent high of USD 656 on March 12th 2012
Down USD 560(50.3%)per tonne from the record peak of USD 1,113 on July 28th 2008
Source-SteelBenchmarker
(www.steelguru.com)
