Western European and US HRB Prices Fall to Year-to-Date Lows

Steel

The Western European domestic price for hot rolled band (HRB) plunged by $21/t to a year-to-date low of $555/t  in the three weeks to 14 June, according to the latest SteelBenchmarker from World Steel Dynamics. There was a smaller $8/t decline in the US HRB price over the same period to $665/t, also a 2017 low. By contrast, the Chinese domestic price for HRB rose by $8/t to a two-month high of $404/t.