US hot band leads world with 7.1 percent price increase
Dec 29, 2010 | 12:52 PM
| Corinna Petry
Global hot band prices continued to climb as the year drew to a close, led by a 7.1-percent jump in the United States, according to SteelBenchmarker's latest report.
The world export price for hot band increased 5.8 percent from mid-December, Chinese tags rose 2.9 percent and the Western European price moved 2.5 percent higher.
SteelBenchmarker's Dec. 27 report, released Wednesday, put U.S. hot band at $752 per tonne ($682 per net ton) vs. $702 per tonne ($637 per ton) two weeks earlier, while cold-rolled coil climbed 5.6 percent to $861 per tonne ($781 per ton) from $815 per tonne ($739 per ton). U.S. steel prices are chasing scrap tags shredded scrap rose 1.8 percent....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.