Increasing price HRC, CRC, coated steel coil February 2016

NAM KIM STEEL, NJ – The bi-monthly SteelBenchmarker TM Chinese HRB price for February 22

nd 2016 rose 4.8% to $262 per tonne for the second consecutive time. The World export HRB price surged 4.0% to $28 3 per tonne after two consecutive declines. The Western European HRB price increase d 0.5% to $362 per tonne (on a Euro basis, it increased 1.6%) for the second consecutive time.

 Price The United States HRC spot price declined 0.5% to $441 per metric tonne after four consecutive increases. In its two hundred thirty seventh report, the SteelBenchmarker TM released 10 steel products and 3 USA scrap prices. Of the se, here are four benchmark prices for hot-rolled band for

February 22, 2016:

 Price USA HRC – $441 per metric tonne ($400 per net ton), FOB the mill – down $2 per tonne from $443 ($402 nt) two weeks ago, down $196 from the recent low of $637 ($578 nt) on May 27,

2013 and down $112 from the low of $553 per tonne ($502 nt) on Nov. 23, 2009. It is down $529 per tonne from the recent high of $970 ($880 nt) on Mar. 28, 2011 and down $762 (63.3%) from the record peak of $1,203 per tonne ($1,091 nt) on July 28, 2008.

Price China HRC– $262 per metric tonne, ex-works – up $12 per tonne from $250 two weeks ago, down $185 per tonne from the recent low of $447 on Sept. 10, 2012 and down $145 per tonne from the low of $407 per tonne on Oct. 12, 2009. It is down $375 per tonne from the recent high of $637 on Aug. 22, 2011 and down $471 (64.3%) from the record peak of $733 per tonne on July 14, 2008.

Price Western Europe HRC – $362 (€327e) per metric tonne , ex-works – up $2 per tonne from $360 (€322e) two weeks ago (on a Euro basis, up €5), down $228 (down €127) from the recent low of $590 (€454) on July 8, 2013 and down $209 (down €54) from the low of $571 (€381) per tonne on Nov. 23, 2009. It is down $490 (€278) per tonne from the recent high of $852 (€605) on Mar. 28, 2011 and down $842 (69.9%) (€429) (56.7%) from the record peak of $1,204 (€756) per tonne on July 14, 2008.

World Export Price – $283 per metric tonne, FOB the port of export – up $11 compared to $272 two weeks ago, down $249 per tonne from the recent low of $532 on Oct. 8, 2012 and down $213 from the low of $496 per tonne on Nov. 9, 2009. It is down $490 per tonne from the recent high of $773 on Feb. 14, 2011 and down $830 (74.6%) from the record peak of $1,113 per tonne on July 28, 2008.

Source: http://steelbenchmarker.com/files/history.pdf

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