Chinese HRB Price Tumbles

Steel

The Chinese hot rolled band (HRB) price tumbled $77/t in the two weeks to 10 November to $676/t, the lowest level since March 2021, according to the latest SteelBenchmarker from World Steel Dynamics.

The domestic HRB prices in Western Europe and the US also dropped, down $51/t and $52/t to $1,139/t and $2,072/t, respectively. Nevertheless, both remain exceptionally high by historical standards.