Professional Documents
Culture Documents
History of Steel
History of Steel
USA China
Hot-rolled Band
Cold-rolled Coil
Standard Plate
Rebar
Steel Scrap
In its two hundred eighty seventh report, the SteelBenchmarkerTM released 11 steel products
and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for
March 26, 2018:
USA – $909 per metric tonne ($825 per net ton), FOB the mill – up $15 per tonne from $894
($811 nt) two weeks ago, up $497 from the recent low of $412 ($374 nt) on Dec. 14, 2015 and
up $480 from the low of $429 per tonne ($390 nt) on May 25, 2009. It is down $61 per tonne
from the recent high of $970 ($880/nt) on Mar. 28, 2011 and down $294 (24.4%) from the
record peak of $1,203 per tonne ($1,091 nt) on July 28, 2008.
China – $510 per metric tonne, ex-works – down $28 per tonne from $538 two weeks ago, up
$279 per tonne from the recent low of $231 on Dec. 14, 2015 and up $103 per tonne from the
low of $407 per tonne on Oct. 12, 2009. It is down $127 per tonne from the recent high of
$637 on Aug. 22, 2011 and down $223 (30.4%) from the record peak of $733 per tonne on
July 14, 2008.
Western Europe – $701 (€566) per metric tonne, ex-works – unchanged from $701 (€566)
two weeks ago (flat on a Euro basis), up $355 (up €241) from the recent low of $346 (€325)
on Nov. 23, 2015 and up $130 (up €185) from the low of $571 (€381) per tonne on Nov. 23,
2009. It is down $151 (€39) per tonne from the recent high of $852 (€605) on Mar. 28, 2011
and down $503 (41.8%) (€190) (25.1%) from the record peak of $1,204 (€756) per tonne on
July 14, 2008.
World Export Price – $637 per metric tonne, FOB the port of export – up $7 per tonne from
$630 two weeks ago, up $365 per tonne from the recent low of $272 on Feb. 8, 2016 and up
$141 per tonne from the low of $496 per tonne on Nov. 9, 2009. It is down $136 per tonne
from the recent high of $773 on Feb 14, 2011 and down $476 (42.8%) from the record peak of
$1,113 per tonne on July 28, 2008.
1
STEELBENCHMARKER PRICES
March 26, 2018
dollars per metric tonne
(net ton) [gross ton] {Euros}
NOTES:
Released March 28, 2018 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 www.steelbenchmarker.com/specifications.
2
Dollars per metric tonne
100
200
300
400
500
600
700
800
900
1000
1100
1200
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
ex-works
Jan-07
Apr-07
Western Europe
Jul-07
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
Jan-09
Apr-09
World Export
Jul-09
Oct-09
3
Apr-10
Jul-10
Oct-10
March 26, 2018
Jan-11
Apr-11
Jul-11
Oct-11
Jan-12
Apr-12
Jul-12
Oct-12
Jan-13
Apr-13
China
Jul-13
SteelBenchmarkerTM HRB Price
Oct-13
ex-works
USA, China, Western Europe and World Export
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
USA
Jul-15
Oct-15
FOB mill
Jan-16
(WSD's PriceTrack data, Jan. 2002 - March 2006; SteelBenchmarker data begins April 2006)
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
510
637
701
909
Dollars per metric tonne
200
300
400
500
600
700
800
900
1000
1100
1200
1300
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
Jan-09
Apr-09
Jul-09
Oct-09
4
Jan-10
Apr-10
Jul-10
Oct-10
March 26, 2018
Jan-11
Apr-11
Jul-11
World Export
Oct-11
Jan-12
Jul-13 China
Oct-13
USA, China, Western Europe and World Export
Jan-14 ex-works
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
USA
Jul-15
FOB mill
Oct-15
(WSD's PriceTrack data, Jan. 2002 - March 2006; SteelBenchmarker data begins April 2006)
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
609
679
1049
Dollars per metric tonne
200
400
600
800
1000
1200
1400
1600
Jan-02
Apr-02
Jul-02
Oct-02
Jan-03
Apr-03
Jul-03
Oct-03
Jan-04
ex-works
Apr-04
Jul-04
Western Europe
Oct-04
Jan-05
Apr-05
Jul-05
Oct-05
Jan-06
Apr-06
Jul-06
Oct-06
Jan-07
World Export
Apr-07
5
Jan-10
Apr-10
Jul-10
March 26, 2018
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
China
Jan-12
ex-works
Apr-12
Jul-12
Oct-12
Jan-13
SteelBenchmarkerTM Plate Price
Apr-13
Jul-13
USA, China, Western Europe and World Export
USA
Oct-13
Jan-14
FOB mill
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Jul-15
(WSD's PriceTrack data, Jan. 2002 - March 2006; SteelBenchmarker data begins April 2006)
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
549
1018
Dollars per metric tonne
100
200
300
400
500
600
700
800
900
1000
1100
1200
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
World Export
Jul-05
Oct-05
ex-works
Apr-06
Jul-06
Western Europe
Oct-06
Jan-07
USA
Apr-07
Jul-07
FOB mill
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
Jan-09
Apr-09
Jul-09
Oct-09
6
Jan-10
Apr-10
Jul-10
Oct-10
March 26, 2018
Jan-11
Apr-11
Jul-11
Oct-11
China
Jan-12
ex-works
Apr-12
Jul-12
Oct-12
Jan-13
Apr-13
SteelBenchmarkerTM Rebar Price
Jul-13
USA, China, Western Europe and World Export
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
Jul-15
Oct-15
(WSD's PriceTrack data, Jan. 2002 - March 2006; SteelBenchmarker data begins April 2006)
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
484
778
Dollars per gross ton
0
100
200
300
400
500
600
700
800
900
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
#1 Busheling
Jul-07
Shredded Scrap
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
Jan-09
Apr-09
Jul-09
Oct-09
7
Jan-10
Apr-10
Jul-10
Oct-10
March 26, 2018
Jan-11
Apr-11
Jul-11
Oct-11
USA, delivered to steel plant
Jan-12
Apr-12
Jul-12
Oct-12
Jan-13
SteelBenchmarkerTM Scrap Price
Apr-13
Jul-13 #1 Heavy Melting
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
Jan-15
Apr-15
(AMM scrap price data, Jan. 2002 - Jan. 2007; SteelBenchmarker data begins Feb. 2007)
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
340
365
380
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
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-17 266 -10 -3.7% 285 -5 -1.8% 364 -5 -1.4%
26-Jun-17 266 0 0.0% 285 0 0.0% 364 0 0.0%
10-Jul-17 266 0 0.0% 290 5 1.8% 369 5 1.4%
24-Jul-17 266 0 0.0% 280 -10 -3.5% 369 0 0.0%
14-Aug-17 280 14 5.4% 305 25 8.9% 384 15 4.1%
28-Aug-17 280 0 0.0% 305 0 0.0% 384 0 0.0%
11-Sep-17 280 0 0.0% 305 0 0.0% 384 0 0.0%
25-Sep-17 276 -4 -1.5% 300 -5 -1.6% 379 -5 -1.3%
9-Oct-17 250 -26 -9.3% 271 -29 -9.8% 348 -31 -8.1%
23-Oct-17 255 5 2.0% 275 4 1.6% 345 -3 -1.0%
13-Nov-17 255 0 0.0% 275 0 0.0% 345 0 0.0%
27-Nov-17 260 5 2.0% 280 5 1.8% 340 -5 -1.4%
11-Dec-17 290 30 11.5% 320 40 14.3% 370 30 8.8%
25-Dec-17 290 0 0.0% 330 10 3.1% 371 1 0.3%
8-Jan-18 310 20 6.9% 345 15 4.4% 385 14 3.8%
22-Jan-18 310 0 0.0% 345 0 0.0% 385 0 0.0%
12-Feb-18 315 5 1.6% 345 0 0.0% 385 0 0.0%
26-Feb-18 315 0 0.0% 345 0 0.0% 385 0 0.0%
12-Mar-18 340 25 7.9% 365 20 5.9% 380 -5 -1.3%
26-Mar-18 340 0 0.0% 365 0 0.0% 380 0 0.0%
9-Apr-18
23-Apr-18
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