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US HRB Price Hits New Record High

Steel

Hot rolled band (HRB) steel prices in the US and Europe continued to rise in the two weeks to 11 August, with the US price breaking the $2,000/t mark for the first time.

At $2,005/t, the US HRB price rose $39/t in the period from 28 July to 11 August and is now almost four-times the year ago level.

The price in Western Europe rose $10/t in the same period to $1,360/t, while in China the price fell $4/t to $753/t.