Steel Price
Steel Price
USA China
Hot-rolled Band
Cold-rolled Coil
Standard Plate
Rebar
Steel Scrap
In its two hundred sixty seventh report, the SteelBenchmarkerTM released 10 steel products
and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for May
22, 2017:
USA $673 per metric tonne ($611 per net ton), FOB the mill down $13 per tonne from
$686 ($623 nt) two weeks ago, up $261 from the recent low of $412 ($374 nt) on Dec. 14,
2015 and up $244 from the low of $429 per tonne ($390 nt) on May 25, 2009. It is down
$297 per tonne from the recent high of $970 ($880/nt) on Mar. 28, 2011 and down $530
(44.1%) from the record peak of $1,203 per tonne ($1,091 nt) on July 28, 2008.
China $396 per metric tonne, ex-works up $17 per tonne from $379 two weeks ago, up
$165 per tonne from the recent low of $231 on Dec. 14, 2015 and down $11 per tonne from
the low of $407 per tonne on Oct. 12, 2009. It is down $241 per tonne from the recent high of
$637 on Aug. 22, 2011 and down $337 (46.0%) from the record peak of $733 per tonne on
July 14, 2008.
Western Europe $576 (517e) per metric tonne, ex-works down $9 per tonne from $585
(535e) two weeks ago (down 18 on a Euro basis), up $230 (up 192) from the recent low of
$346 (325) on Nov. 23, 2015 and up $5 (up 136) from the low of $571 (381) per tonne on
Nov. 23, 2009. It is down $276 (88) per tonne from the recent high of $852 (605) on Mar.
28, 2011 and down $628 (52.2%) (239) (31.6%) from the record peak of $1,204 (756) per
tonne on July 14, 2008.
World Export Price $496 per metric tonne, FOB the port of export unchanged from $496
two weeks ago, up $224 per tonne from the recent low of $272 on Feb. 8, 2016 and equal to
the low of $496 per tonne on Nov. 9, 2009. It is down $277 per tonne from the recent high of
$773 on Feb 14, 2011 and down $617 (55.4%) from the record peak of $1,113 per tonne on
July 28, 2008.
1
STEELBENCHMARKER PRICES
May 22, 2017
dollars per metric tonne
(net ton) [gross ton] {Euros}
NOTES:
Released May 24, 2017 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).
***
SteelHomes 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 www.steelbenchmarker.com/specifications.
2
Dollars per metric tonne
100
200
300
400
500
600
700
800
900
1000
1100
1200
Jan-01
Apr-01
Jul-01
Oct-01
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
World Export
Oct-06
ex-works
Apr-07
Jul-07
Western Europe
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
Jan-09
3
Apr-09
Jul-09
Oct-09
May 22, 2017
Jan-10
Apr-10
Jul-10
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
Jan-12
China
Apr-12
ex-works
Jul-12
SteelBenchmarkerTM HRB Price
Oct-12
Jan-13
USA, China, Western Europe and World Export
Apr-13
USA
Jul-13
FOB mill
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
(WSD's PriceTrack data, Jan. 2001 - March 2006; SteelBenchmarker data begins April 2006)
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
396
496
576
673
Dollars per metric tonne
1000
1100
1200
1300
200
300
400
500
600
700
800
900
Jan-01
Apr-01
Jul-01
Oct-01
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
ex-works
Apr-07
Jul-07
Western Europe
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
4
Jan-09
Apr-09
Jul-09
Oct-09
May 22, 2017
Jan-10
USA
Apr-10
FOB mill
Jul-10
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
World Export
China
Jan-12
ex-works
Jul-12
Oct-12
USA, China, Western Europe and World Export
Jan-13
Apr-13
Jul-13
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
(WSD's PriceTrack data, Jan. 2001 - March 2006; SteelBenchmarker data begins April 2006)
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
462
601
876
Dollars per metric tonne
200
400
600
800
1000
1200
1400
1600
Jan-01
Apr-01
Jul-01
Oct-01
Jan-02
Apr-02
Jul-02
Oct-02
Jan-03
ex-works
Apr-03
Jul-03
Western Europe
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
World Export
Apr-07
Jul-07
5
Jan-09
Apr-09
Jul-09
May 22, 2017
Oct-09
Jan-10
Apr-10
USA
Jul-10
FOB mill
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
China
Jan-12
ex-works
SteelBenchmarkerTM Plate Price
Apr-12
Jul-12
USA, China, Western Europe and World Export
Oct-12
Jan-13
Apr-13
Jul-13
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
(WSD's PriceTrack data, Jan. 2001 - March 2006; SteelBenchmarker data begins April 2006)
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
407
822
Dollars per metric tonne
100
200
300
400
500
600
700
800
900
1000
1100
1200
Jan-01
Apr-01
Jul-01
Oct-01
Jan-02
Apr-02
Jul-02
Oct-02
ex-works
Jan-03
Apr-03
Western Europe
Jul-03
Oct-03
Jan-04
Apr-04
Jul-04
Oct-04
Jan-05
Apr-05
World Export
Jul-05
Oct-05
Apr-07
FOB mill
Jul-07
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
6
Jan-09
Apr-09
Jul-09
Oct-09
May 22, 2017
Jan-10
Apr-10
Jul-10
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
China
Jan-12
ex-works
Apr-12
SteelBenchmarkerTM Rebar Price
Jul-12
Oct-12
USA, China, Western Europe and World Export
Jan-13
Apr-13
Jul-13
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
(WSD's PriceTrack data, Jan. 2001 - March 2006; SteelBenchmarker data begins April 2006)
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
455
Dollars per gross ton
100
200
300
400
500
600
700
800
900
0
Jan-01
Apr-01
Jul-01
Oct-01
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
#1 Busheling
Shredded Scrap
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
7
Jan-09
Apr-09
Jul-09
May 22, 2017
Oct-09
Jan-10
Apr-10
Jul-10
Oct-10
USA, delivered to steel plant
Jan-11
Apr-11
Jul-11
Oct-11
Jan-12
SteelBenchmarkerTM Scrap Price
Apr-12
Jul-12
Oct-12
Jan-13
Apr-13
Jul-13
#1 Heavy Melting
Oct-13
Jan-14
Apr-14
(AMM scrap price data, Jan. 2001 - Jan. 2007; SteelBenchmarker data begins Feb. 2007)
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
276
290
369
USA
FOB mill*
Dollars per Net Ton
Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to Price
Assessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.
The first price release was for April 10, 2006 for data go to steelbenchmarker.com/files/history2.pdf.
8
USA
FOB mill*
Dollars per Metric Tonne
Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to Price
Assessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.
The first price release was for April 10, 2006 for data go to steelbenchmarker.com/files/history2.pdf.
9
USA
delivered to steel plant
Dollars per Gross Ton
--------------------------------Steel Scrap**--------------------------------
#1 Heavy Melting Shredded Scrap #1 Busheling
Dlr Pct Dlr Pct Dlr Pct
Price Chng Chng Price Chng Chng Price Chng Chng
8-Feb-16 162 -2 -1.3% 184 -3 -1.6% 184 3 1.7%
22-Feb-16 164 2 1.4% 187 3 1.6% 181 -3 -1.4%
14-Mar-16 175 11 6.5% 199 12 6.4% 190 9 4.7%
28-Mar-16 176 1 0.6% 198 -1 -0.5% 195 5 2.4%
11-Apr-16 220 44 24.9% 248 50 25.3% 243 48 24.9%
25-Apr-16 220 0 -0.1% 244 -4 -1.6% 241 -2 -0.6%
9-May-16 241 22 9.8% 270 26 10.6% 276 35 14.4%
23-May-16 243 2 0.6% 270 0 0.1% 279 3 1.0%
13-Jun-16 223 -20 -8.2% 249 -21 -7.7% 273 -6 -2.3%
27-Jun-16 216 -7 -3.1% 246 -3 -1.4% 276 3 1.1%
11-Jul-16 226 10 4.8% 236 -10 -4.1% 285 10 3.5%
25-Jul-16 212 -15 -6.5% 241 5 2.1% 280 -5 -1.9%
8-Aug-16 216 4 2.0% 241 0 0.0% 266 -14 -5.1%
22-Aug-16 216 0 0.0% 236 -5 -2.1% 256 -10 -3.6%
12-Sep-16 202 -14 -6.5% 217 -19 -8.1% 226 -30 -11.6%
26-Sep-16 197 -5 -2.5% 216 -1 -0.5% 231 5 2.3%
10-Oct-16 177 -20 -10.2% 197 -19 -8.8% 202 -29 -12.7%
24-Oct-16 177 0 0.0% 197 0 0.0% 202 0 0.0%
14-Nov-16 202 25 14.1% 236 39 19.8% 241 39 19.3%
28-Nov-16 216 14 6.9% 256 20 8.5% 261 20 8.3%
12-Dec-16 246 30 13.9% 276 20 7.7% 280 19 7.3%
26-Dec-16 246 0 0.0% 276 0 0.0% 285 5 1.9%
9-Jan-17 285 39 15.9% 315 39 14.3% 325 40 14.0%
23-Jan-17 280 -5 -1.8% 300 -15 -4.8% 320 -5 -1.5%
13-Feb-17 256 -24 -8.6% 285 -15 -5.0% 315 -5 -1.6%
27-Feb-17 290 34 13.4% 300 15 5.2% 320 5 1.6%
13-Mar-17 285 -5 -1.8% 320 20 6.7% 364 44 13.8%
27-Mar-17 290 5 1.8% 315 -5 -1.6% 369 5 1.4%
10-Apr-17 271 -20 -6.8% 295 -20 -6.2% 354 -15 -4.0%
24-Apr-17 261 -10 -3.6% 290 -5 -1.7% 369 15 4.2%
8-May-17 271 10 3.7% 295 5 1.7% 369 0 0.0%
22-May-17 276 5 1.9% 290 -5 -1.7% 369 0 0.0%
12-Jun-17
26-Jun-17
Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to Price
Assessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.
The first price release was for Feb.12, 2007 for data go to steelbenchmarker.com/files/history2.pdf.
For product specifications refer to last page, or go to steelbenchmarker.com/specifications.
10
China
Ex-works
Dollars per Metric Tonne
Notes: 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.
Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to Price
Assessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.
The first price release was for April 10, 2006 for data go to steelbenchmarker.com/files/history2.pdf.
11
Western Europe
Ex-works
Dollars per Metric Tonne
Notes:
Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to Price
Assessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.
The first price release was for May 8, 2006 for data go to steelbenchmarker.com/files/history2.pdf.
12
Western Europe
Ex-works
Euros per Metric Tonne
Notes:
Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to Price
Assessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.
The first price release was for May 8, 2006 for data go to steelbenchmarker.com/files/history2.pdf.
13
World Export Price
FOB the Port of Export
Dollars per Metric Tonne
Notes:
Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to Price
Assessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.
The first price release was for April 10, 2006 for data go to steelbenchmarker.com/files/history2.pdf.
14
Spot Market New Booking Prices for Near-Term Delivery
Commodity-grade product to mid-sized buyers
(Dollars per Metric Tonne, 500 to 2,000 tonnes transaction size)
15