Wednesday, 02 Jun 2010

The bi monthly SteelBenchmarker Western European HRB price for May 24th 2010 fell by 1.9% to USD 728 per tonne ex works, after being flat last time. The United States HRB spot price was down by 2.1% to USD 760 per tonne, FOB the mill, after eleven consecutive rises. The World export HRB price dropped 4.5% to USD 684 per tonne, FOB the port of export, for the second consecutive time. The Chinese HRB ex works price plummeted 5.6% to USD 535 per tonne, for the second consecutive time.

USA
USD 760 per tonne, FOB the mill
Down by USD 16 per tonne from USD 776 two weeks ago
Up by USD 331 per tonne from the low of USD 429 on May 25th 2009
Down by USD 443 per tonne from the record peak of USD 1,203 on July 28th 2008
Up by USD 530 per tonne from the record low of USD 230 in December 2001

China
USD 535 per tonne, ex works
Down by USD 32 per tonne from USD 567 two weeks ago
Up by USD 144 per tonne from the recent low of USD 391 on April 13th 2009
Down by USD 198 per tonne from the record peak of USD 733 on July 14th 2008
Up by USD 288 per tonne from the record low of USD 247 in January 2002

Western Europe
USD 728 per tonne, ex works
Down by USD 14 per tonne from USD 742 two weeks ago
Up by USD 275 per tonne from the recent low of USD 453 on April 27th 2009
Down by USD 476 per tonne from the record peak of USD 1,204 on July 14th 2008
Up by USD 539 per tonne from the record low of USD 189 in December 2001

World Export Price
USD 684 per tonne, FOB the port of export
Down by USD 32 per tonne from USD 716 two weeks ago
Up by USD 290 per tonne from the recent low of USD 394 on May 11th 2009
Down by USD 429 per tonne from the record peak of USD 1,113 on July 28th 2008
Up by USD 509 per tonne from the record low of USD 175 in December 2001

(Sourced from SteelBenchmarker)