The bi monthly SteelBenchmarker TM Chinese HRB ex-works price slipped 0.4% to USD 518 per tonne, for the second consecutive time. The World export HRB price rose 1.3% to USD 553 per tonne, FOB the port of export, for the fourth consecutive time. The Western European HRB price increased 0.7% to $604 per tonne (on a Euro basis, it increased 0.4%), ex-works, for the second consecutive time. United States HRB spot price for December 10th rose 1.7% to $705 per metric tonne, FOB the mill for the third consecutive time.
USA
USD 705 per metric tonne (USD 639 per net ton), FOB the mill
Up by USD 12 per tonne from USD 693 two weeks ago
Up USD 36 per tonne from the recent low of USD 669 on July 9, 2012
Down USD 111 per tonne from the recent high of USD 816 on January 23, 2012
It is down USD 498 (41.4%) per tonne from the record peak of USD 1,203 on July 28, 2008.
China
USD 518 per metric tonne, ex works
Down by USD 2 per tonne from USD 520 two weeks ago
Up USD 111 per tonne from the previous low of USD 407 on Oct. 12, 2009
Down by USD 119 per tonne from the recent high of USD 637 on August 22, 2011
Down by USD 215 (29.3%) from the record peak of USD 733 on July 14th 2008
Western Europe
USD 604 per metric tonne, ex works
Up by USD 4 per tonne from USD 600 per tonne two weeks ago
Up by USD 33 from the previous low of USD 571 on November 23, 2009
Down by USD 96 per tonne from the recent high of USD 700 on February 27, 2012
Down by USD 600 from the record peak of USD 1,204 (€756) on July 14, 2008
World Export Price
USD 553 per metric tonne, FOB the port of export
Up by USD 7 per tonne from USD 546 two weeks ago
Up by USD 57 per tonne from the previous low of USD 496 on November 9, 2009,
Down by USD 103 per tonne from the recent high of USD 656 on March 12, 2012
Down by USD 560 (50.3%) per tonne from the record peak of USD 1,113 on July 28th 2008
