News & Trends
Global hot band steel pricing in euphoria - 12 Mar, 2010
SteelBenchmarker reported that US HRB spot price for March 8th 2010 surged 5.4% to USD 706 per tonne FOB the mill; for the seventh consecutive time. The Western European HRB price surged 4.2% to USD 625 per tonne, ex works; for the second consecutive time. The Chinese HRB ex works price rose 2.5% to USD 485 per tonne; for the second consecutive time. The World export HRB price rose 1.8% to USD 607 per tonne, FOB the port of export; for the eighth consecutive time.

USA
USD 706 per tonne, FOB the mill
Up by USD 36 per tonne from USD 670 two weeks ago
Up by USD 277 per tonne from the recent low of USD 429 on May 25th 2009
Down by USD 497 per tonne from the record peak of USD 1,203 on July 28th 2008
Up by USD 476 per tonne from the record low of USD 230 in December 2001

China
USD 485 per tonne, ex works
Up by USD 12 per tonne from USD 473 two weeks ago
Up by USD 94 per tonne from the recent low of USD 391 on April 13th 2009
Down by USD 248 per tonne from the record peak of USD 733 on July 14th 2008
Up by USD 238 per tonne from the record low of USD 247 in January 2002

Western Europe
USD 625 per tonne, ex works
Up by USD 25 per tonne from USD 600 two weeks ago
Up by USD 172 per tonne from the recent low of USD 453 on April 27th 2009
Down by USD 579 per tonne from the record peak of USD 1,204 on July 14th 2008
Up by USD 436 per tonne from the record low of USD 189 in December 2001

World Export Price
USD 607 per tonne, FOB the port of export
Up by USD 11 per tonne from USD 596 two weeks ago
Up by USD 213 per tonne from the recent low of USD 394 on May 11th 2009
Down by USD 506 per tonne from the record peak of USD 1,113 on July 28th 2008
Up by USD 432 per tonne from the record low of USD 175 in December 2001

(Sourced from SteelBenchmarker)



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0blt1 Chinese domestic narrow HR strip price movement on February 04
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0blt1 Chinese domestic galvanized steel HDG prices remain flats on February 04
0blt1 Chinese domestic steel Angle price movement on February 04
0blt1 Chinese domestic steel channel price update on February 04
0blt1 Chinese domestic steel beam price update on February 04
Announcements
0blt1 Iranian steel market trend in week 05 2012 - Long products
News And Trends
0blt1 HRC steel import threat re emerges on the Indian horizon
0blt1 Indian steel price index remain flat on February 6
0blt1 Sponge iron prices crash on February 6
0blt1 Pencil ingot prices in reverse gear in major places on February 6
0blt1 Steel wire rod price jump in Delhi on February 6
0blt1 Rebar TMT QST price movement in India on February 6
0blt1 Steel angle price jump in Delhi on February 6
0blt1 Patra Narrow HR steel strips price movement on February 6
0blt1 Steel melting scrap price fall in Ludhiana on February 6
0blt1 Steel joist I Beam prices scenario in major places on February 6
0blt1 Steel light channel prices up in Delhi on February 6
0blt1 Steel plate cuttings price remains flat at Alang on February 6
0blt1 Pig iron price update on February 6
0blt1 HR steel price update on February 6
0blt1 Narrow HR steel plate price remain flat on February 6
0blt1 Wide steel plate prices remain flat on February 6
0blt1 CR steel price movement on February 6
0blt1 GP steel HDG prices remain flat on February 6
0blt1 GC steel HDG price movement on February 6
Export And Import Levels
0blt1 BDI surged by a single point on February 6 2012


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Currency Rates
06 Feb, 2012
USD 1.0000
AUD 0.9329
BRL 1.7166
CAD 0.9955
CNY 6.3088
EUR 0.7642
GBP 0.6339
INR 48.7271
JPY 76.7910
RUB 30.1796
ZAR 7.5624
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