Thursday, September 11, 2008

Global hot band prices continue on downward trends


SteelBenchmarker reported that the US hot rolled band spot price for September 8th 2008 fell by 3.2% to USD 1,122 per ton, FOB the mill for the third consecutive time, world export HRB price plunged by 4.9% to USD 1,006 per ton FOB the port of export, for the third consecutive time, Chinese HRB ex works price rose by 0.6% to USD 640 per ton after dropping three consecutive times and the Western European HRB fell by 4.0% to USD 957 per tonne ex works for the fourth time.

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