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Global Steel Prices

Steel

The US domestic price for Hot Rolled Band (HRB) climbed $12/t in the two weeks to 27 May to a two-month high of $513/t, but is still down $250/t on the year-ago price, according to the latest SteelBenchmarker from World Steel Dynamics. However, there were falls of $10/t in both the Western European and Chinese domestic HRB prices over the same period, to $440/t and $325/t, respectively. These contributed to a $4/t drop in the world export price for HRB, to $380/t.