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SSY News
 WORLD STEEL PRICES RISE TO A 16-MONTH HIGH |
24-02-2010 |
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The world export price for HRB (hot-rolled band) steel has risen for the fourth straight month, up by $22/t from end-Jan to the current level of $596/t, according to the latest SteelBenchmarker issued by World Steel Dynamics. The US HRB price has risen by $24/t month-on-month to $670/t, the highest level since November 2008. Meanwhile, the HRB price in the EU has risen by $8/t from early February to $600/t. However, this remains $5/t lower than in late January. China’s HRB price has risen by $5/t from a month earlier to $473/t. |
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