Friday, February 12, 2010
WORLD STEEL PRICE CONTINUES TO RISE
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According to the latest SteelBenchmarker issued by World Steel Dynamics, the world export price for hot rolled band has risen by $13/t from end-Jan to $587/t, the highest level since November 2008. The US HRB price has risen to a 15-month high of $656/t. In contrast, the HRB price in the EU has fallen by $13/t to $592/t. The Chinese HRB price dropped by $2/t to the current level of $466/t.
According to the latest SteelBenchmarker issued by World Steel Dynamics, the world export price for hot rolled band has risen by $13/t from end-Jan to $587/t, the highest level since November 2008. The US HRB price has risen to a 15-month high of $656/t. In contrast, the HRB price in the EU has fallen by $13/t to $592/t. The Chinese HRB price dropped by $2/t to the current level of $466/t.
