Price History - SteelBenchmarker

Price History

Tables and Charts

USA Western Europe

China World Export

Hot-rolled Band Cold-rolled Coil Standard Plate

Rebar Steel Scrap

Register at: steelbenchmarker.co

Chinese Prices Surge Following Stimulus Announcements

China and World Export up 16.5% and 1.0%; USA and Western Europe unchanged.

SteelBenchmarkerTM Report #444

ENGLEWOOD CLIFFS, NJ ? The bi-monthly SteelBenchmarkerTM China HRB price for October 14th accelerated to $438 per tonne after dropping five consecutive times. The World Export HRB price increased to $485 per tonne after falling the last four consecutive times. The United States HRB price remained unchanged at $762 per tonne after rallying three consecutive times. The Western European HRB price remain unchanged to $600 per tonne (on a Euro basis, it was up 10) after falling twice. In its four hundred and forty-fourth report, the SteelBenchmarkerTM released 10 steel products and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band October 14, 2024:

USA ? $762 per metric tonne ($691 per net ton), FOB the mill ? unchanged from $762 ($691 nt) two weeks ago, up $350 from the recent low of $412 ($374 nt) on Dec. 14, 2015 and up $333 from the low of $429 per tonne ($390 nt) on May 25, 2009. It is down $244 per tonne from the recent high of $1,006 ($912 nt) on Jul. 11, 2018. Also, it is down $441 from the previous record peak of $1,203 per tonne ($1,091 nt) on July 28, 2008 and down $1,381 (64.4%) from the record peak of $2,143 per tonne ($1,094 nt) on October 11, 2021.

China ? $438 per metric tonne, ex-works ? up $62 from $376 two weeks ago, up $207per tonne from the recent low of $231 on Dec. 14, 2015 and up $31 per tonne from the low of $407 per tonne on Oct. 12, 2009. It is down $199 per tonne from the recent high of $637 on Aug. 22, 2011. Also, it is down $295 from the previous record peak of $733 per tonne on July 14, 2008 and down $367 (45.6%) from the record peak of $805 per tonne on May 10, 2021.

Western Europe - $600 (550) per metric tonne, ex-works ? unchanged (up 10) from $600 (540) two weeks ago, up $254 (up 225) from the recent low of $346 (325) on Nov. 23, 2015 and up $29 (up 169) from the low of $571 (381) per tonne on Nov. 23, 2009. It is down $252 (down 55) per tonne from the recent high of $852 (605) on Mar. 28, 2011. Also, it is down $604 (down 206) from the previous record peak of $1,204 (756) per tonne on July 14, 2008 and down $950 (61.3%) (down 862) (62.0%) from the record peak of $1,550 (1,412) per tonne on March 28, 2022.

World Export Price ? $485 per metric tonne, FOB the port of export ? up $5 from $480 compared to two weeks ago, up $213 per tonne from the recent low of $272 on Feb. 8, 2016 and down $11 from the low of $496 per tonne on Nov. 9, 2009. It is down $288 per tonne from the recent high of $773 on Feb 14, 2011. Also, it is down $628 from the previous record peak of $1,113 per tonne on July 28, 2008 and down $790 (62.0%) from the record peak of $1,275 per tonne on April 11, 2022.

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STEELBENCHMARKER PRICES

October 14, 2024 dollars per metric tonne (net ton) [gross ton] {Euros}

Region: USA, East of the Mississippi

Hot-rolled band: Cold-rolled coil: Standard plate:

762 (691) 1,131 (1,026) 1,080 (980)

#1 Heavy melting scrap: Shredded scrap*:

#1 Busheling scrap:

315 [320] 380 [386] 389 [395]

Region: Mainland China***

Hot-rolled band:

438

Cold-rolled coil:

519

Rebar:

448

Standard plate:

449

Region: Western Europe Hot-rolled band:

600 {550e}

Region: World Export Market

Hot-rolled band:

485

NOTES: Released October 16, 2024 at 9:00 a.m. to Price Assessment Providers. The first price release was for April 10, 2006.

If a product is not listed or a price is not indicated, fewer than ten (10) price inputs were received at this time. ** Development stage -- fewer than 20 assessment providers.

Prices are: USA -- FOB mill; Western Europe and China -- Ex-works; and World Export Market - FOB port of export. For USA steel scrap -- delivered to the steel plant. * For shredded scrap the region is "for all but the West Coast" (CA, OR & WA).

*** SteelHome's non-steelbenchmarker derived average price for each product is the determinant of the Chinese ex-works benchmark price. It is published for comparative purposes.

For product specifications go to specifications.

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Jan-02 AJpurl--0022 Oct-02 JAapnr--0033 Jul-03 Oct-03 JAapnr--0044 Jul-04 JOacnt--0045 AJpurl--0055 Oct-05 Jan-06 AJpurl--0066 Oct-06 JAapnr--0077 Jul-07 JOacnt--0078 Apr-08 OJuctl--0088 Jan-09 AJpurl--0099 Oct-09 JAapnr--1100 Jul-10 Oct-10 JAapnr--1111 OJuctl--1111 Jan-12 OAJpucrtl---111222 JAJapunrl---111333 Oct-13 JAapnr--1144 Jul-14 JOacnt--1145 OAJpucrtl---111555 Jan-16 AJpurl--1166 Oct-16 JAapnr--1177 Jul-17 Oct-17 JAapnr--1188 OJuctl--1188 Jan-19 AJpurl--1199 Oct-19 Jan-20 AJpurl--2200 Oct-20 JAapnr--2211 Jul-21 JOacnt--2212 Apr-22 OJuctl--2222 Jan-23 AJpurl--2233 Oct-23 JAapnr--2244 Jul-24 Oct-24

China ex-works

World Export FOB port of export

762 600 485 438

Western Europe ex-works

2300 2200 2100 2000 1900 1800 1700 1600 1500 1400 1300 1200 1100 1000

900 800 700 600 500 400 300 200 100

Dollars per metric tonne

USA FOB mill

October 14, 2024

SteelBenchmarkerTM HRB Price

USA, China, Western Europe and World Export

(WSD's PriceTrack data, Jan. 2002 - March 2006; SteelBenchmarker data begins April 2006)

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Jan-02 AJpurl--0022 Oct-02 JAapnr--0033 Jul-03 JOacnt--0034 AJpurl--0044 Oct-04 JAapnr--0055 Jul-05 JOacnt--0056 OAJpucrtl---000666 JAapnr--0077 Jul-07 JOacnt--0078 Apr-08 OJuctl--0088 Jan-09 AJpurl--0099 Oct-09 JAapnr--1100 JOJaucntl---111010 AJpurl--1111 Oct-11 JAapnr--1122 Jul-12 JOacnt--1123 AJpurl--1133 Oct-13 JAapnr--1144 Jul-14 JOacnt--1145 OAJpucrtl---111555 Jan-16 AJpurl--1166 Oct-16 JAapnr--1177 OJuctl--1177 Jan-18 AJpurl--1188 Oct-18 JAapnr--1199 OJuctl--1199 Jan-20 AJpurl--2200 Oct-20 JAapnr--2211 Jul-21 JOacnt--2212 AJpurl--2222 Oct-22 JAapnr--2233 Jul-23 JOacnt--2234 Apr-24 OJuctl--2244

China ex-works

World Export FOB port of export

1131 519

Western Europe ex-works

2500 2400 2300 2200 2100 2000 1900 1800 1700 1600 1500 1400 1300 1200 1100 1000

900 800 700 600 500 400 300 200

USA FOB mill

Dollars per metric tonne

October 14, 2024

SteelBenchmarkerTM CRC Price

USA, China, Western Europe and World Export

(WSD's PriceTrack data, Jan. 2002 - March 2006; SteelBenchmarker data begins April 2006)

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