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

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Global Pricing Rally Finds Momentum

Western Europe, USA, World Export and China up 8.3%, 5.5%, 4.2% and 3.4%.

SteelBenchmarkerTM Report #403

ENGLEWOOD CLIFFS, NJ ? The bi-monthly SteelBenchmarkerTM United States HRB price for January 23rd increased to $812 per tonne for the fourth consecutive time. The World Export HRB trended up to $646 per tonne for the fourth time as well. The Western European HRB price rallied to $758 per tonne (on a Euro basis, it was up 32) after drifting down on the previous report. The China HRB price is up to $524 per tonne for a second time. In its four hundred and third report, the SteelBenchmarkerTM released 10 steel products and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band January 23, 2023:

USA ? $812 per metric tonne ($737 per net ton), FOB the mill ? up $42 from $770 ($698 nt) two weeks ago, up $400 from the recent low of $412 ($374 nt) on Dec. 14, 2015 and down $383 from the low of $429 per tonne ($390 nt) on May 25, 2009. It is down $194 per tonne from the recent high of $1,006 ($912 nt) on Jul. 11, 2018. Also, it is down $391 from the previous record peak of $1,203 per tonne ($1,091 nt) on July 28, 2008 and down $1,331 (62.1%) from the record peak of $2,143 per tonne ($1,094 nt) on October 11, 2021.

China ? $524 per metric tonne, ex-works ? up $17 from $507 two weeks ago, up $293 per tonne from the recent low of $231 on Dec. 14, 2015 and up $117 per tonne from the low of $407 per tonne on Oct. 12, 2009. It is down $113 per tonne from the recent high of $637 on Aug. 22, 2011. Also, it is down $209 from the previous record peak of $733 per tonne on July 14, 2008 and down $281 (34.9%) from the record peak of $805 per tonne on May 10, 2021.

Western Europe - $758 (698) per metric tonne, ex-works ? up $58 (up 32) from $700 (666) two weeks ago, up $412 (up 373) from the recent low of $346 (325) on Nov. 23, 2015 and up $187 (up 317) from the low of $571 (381) per tonne on Nov. 23, 2009. It is down $94 (up 93) per tonne from the recent high of $852 (605) on Mar. 28, 2011. Also, it is down $446 (down 58) from the previous record peak of $1,204 (756) per tonne on July 14, 2008 and down $792 (51.5%) (down 714) (50.6%) from the record peak of $1,550 (1,412) per tonne on March 28, 2022.

World Export Price ? $646 per metric tonne, FOB the port of export ? up $26 from $620 compared to two weeks ago, up $374 per tonne from the recent low of $272 on Feb. 8, 2016 and up $150 from the low of $496 per tonne on Nov. 9, 2009. It is down $127 per tonne from the recent high of $773 on Feb 14, 2011. Also, it is down $467 from the previous record peak of $1,113 per tonne on July 28, 2008 and down $629 (49.3%) from the record peak of $1,275 per tonne on April 11, 2022.

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STEELBENCHMARKER PRICES

January 23, 2023 dollars per metric tonne (net ton) [gross ton] {Euros}

Region: USA, East of the Mississippi

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

812 (737) 1,041 (945) 1,714 (1,555)

#1 Heavy melting scrap: Shredded scrap*:

#1 Busheling scrap:

333 [338] 420 [427] 434 [441]

Region: Mainland China***

Hot-rolled band:

524

Cold-rolled coil:

584

Rebar:

517

Standard plate:

531

Region: Western Europe Hot-rolled band:

758 {698e}

Region: World Export Market

Hot-rolled band:

646

NOTES: Released January 25, 2023 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 Apr-02 Jul-02 Oct-02 Jan-03 Apr-03 Jul-03 Oct-03 Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23

China ex-works

World Export FOB port of export

812 758 646

524

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

Jan. 23, 2023

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 Apr-02 Jul-02 Oct-02 Jan-03 Apr-03 Jul-03 Oct-03 Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23

1041 584

USA FOB mill

China ex-works

Western Europe ex-works

World Export FOB port of export

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

900 800 700 600 500 400 300 200

Dollars per metric tonne

Jan. 23, 2023

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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