World Steel Dynamics SteelBenchmarker Update

Steel

The US domestic hot rolled band (HRB) price has dropped below $500/t for the first time since June 2009 as it fell $6/t over the last two weeks to $498/t. In contrast, there were slight increases, of $5/t and $3/t, in the Western European and Chinese domestic HRB prices to $437/t and $333/t over the same period. However, both remain well below their respective 2014 averages of $572/t and $443/t.