Hot-rolled coil European steel traded at USD 597 per metric ton on 6 November, which was 3.3% higher than on the same day last month. HRC prices also are generally used as an indicator of the health of a steel industry as it is the most commonly produced steel item, and so is often tracked by analysts and financial institutions. A worsening supply crunch, along with emerging strong upside in prime scrap prices in the March raw material trade, have worked in tandem to push Fasmarkets’ daily index to a new all-time record. Stainless Steel HRC / Italy Delivered Basis EUR/t Steel Plate / China Delivered Basis CNY/t Welded Pipe (S235) / Turkey FOB USD/t Welded Tubes & Pipes / N America Ex-Works USD/s.ton ... Steel prices table. HRC, wide strip unpickled hot rolled sheet and coil <3mm gauge. Clearing: HR, CME Globex: Our methodologies are published and made accessible to ensure our price reporting process is fully transparent. Save time and act quicker to market changes. Dom Yanchunas, senior price reporter, talks about the need for a new hot-rolled based galvanized steel price to give market participants a clear view of the price differentials. As mentioned earlier, U.S. steel prices continued to rise. US Steel flat-rolled products for the week of March 5, 2021. Boom – prices and margins peak, some physical steel shortages. Fastmarkets’ daily steel HRC index domestic, ex works northern Europe averaged €710.47 per tonne ($775.59 per ton, or $38.78 per cwt) last week, while the weekly price for steel HRC domestic, delivered northern China was 4,340 yuan per tonne at the midpoint ($609.34 per ton, or $30.47 per cwt). Get quick access to premium educational content, including expert-led webinars, a real-time trading simulator, and more. Looking at pricing for typical steel products such as hot rolled coil (HRC) or reinforcing bar, the latest prominent peaks occurred in March 2005, August 2008, August 2011 and April 2018, with price troughs occurring in February 2006, May 2009 and February 2016. Icra’s Jayanta Roy said that HRC prices have strengthened in the international market by nearly 18% in the last two months leading to a significant rise in the Indian steel prices. Inputs were received across all three sub-indices in a range of $61-65 per cwt, representing mill offers and general assessments of spot … You can access our full methodology and price specifications for US HRC Index here and for our other steel prices here. The fob China steel price is today’s true global steel benchmark, with hot-rolled coil (HRC) the primary input for many of the world’s manufactured goods. HRC - Ex-works US, $/cwt Scrap - HMS I/II 80:20, FOB US East Coast, $/mt Scrap - Shredded, Domestic US, $/mt Rebar - CFR US, $/mt Rebar - Ex-works US, $/cwt Coated - HDG, Ex-works US, $/cwt. Due to increased volatility and feedback from participants in the flat-rolled markets, in November 2018 we increased the frequency of our HRC index to daily to provide a more market-reflective picture of what's happening. If you're new to futures, the courses below can help you quickly understand the Steel market and start trading. HRC prices in those regions remain well below prices in the United States. Looking at some global prices, Chinese hot-rolled coil (HRC) averaged $465 per metric ton in the fourth quarter of 2019 (pre-COVID-19). CME Group is the world's leading and most diverse derivatives marketplace. A southern service center source expects domestic producers to increase prices once this month’s scrap trade settles, with Detroit entering the market up $70 per gross ton on prime grades. This free-to-attend virtual conference enables you to learn and understand which fundamentals impact the iron ore supply chain worldwide - and what to watch out for. HRC, or hot-rolled coil, is the predominant finished steel form in the domestic and global steel industry and is the basis for many steel-based industrial products. This means that every day our reporters are speaking to members of the steel market, understanding what transactions or impactful situations may have occurred that would shift the market. HDG, hot dip zinc galvanised sheet or coil [often also called GI, galvanised iron] width > 600mm. HRC is mostly used in industrial fabrication as well as in large end markets like automotive and construction. As a customer, you can obtain a rich history of this market. CME ClearPort: HR The HRC Steel contract is settled against industry-approved price indices, disseminated by a respected price reporting agency. A number of people in the metals industry rely on our price assessments and indices to empower their business decisions everyday. Hear prices and trends for scrap production from Fastmarkets experts first hand, to help you in purchasing and raw material mix choices. Published by Statista Research Department, Feb 8, 2021 Hot-rolled coil (hrc) steel prices are projected to be around 539 U.S. dollars per metric ton in 2019. ... ASIA HRC: Prices rise despite thin demand, low domestic offers. One end user source noted that producers in the US South are four to six weeks behind schedule, and the volume of imported hot band entering the market is not sufficient enough to pressure domestic prices. This statistic represents the average annual market price for HRC (hot rolled coil) steel from 2010 through 2016, by major market. 8 Bouverie St Explore historical market data straight from the source to help refine your trading strategies. Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $63 per hundredweight ($1,260 per short ton) on Thursday March 4, up by 1.04% from $62.35 per cwt on Wednesday and by 1.86% from $61.85 per cwt on February 25. London US Midwest Steel CRU Prices The All Futures page lists all open contracts for the commodity you've selected. Steel traded at USD 711 per metric ton on 6 November, which was up 12.7% from the same day in the prior month. Flat Steel Product Prices HRC, CRC, HDG & Plate: Long Steel Product Prices Rebar, beams, Wire Rod & Merchant Bar: Semi-Finished Steel Prices Slab & Billet: Scrap Steel Prices HMS 1/2, Shredded, Auto Bundles, #1 Bundles, #1 Busheling, OA, Heavy, H2: Raw Materials Prices Iron Ore, Pig Iron, Coke, Zinc, Tin: Where is the US steel market heading and what global factors are impacting it? price was up at $783 per tonne after being unchanged in the last report. In 2016, the price for hot rolled steel … Baoshan Iron & Steel Co (Baoshan Steel), the listed-arm of China’s top steel producer China Baowu Steel Group, has decided to add Yuan 300/tonne ($46/t) to its list prices of carbon steel hot-rolled coil (HRC) for April sales, according to the company’s latest pricing policy published on March 9. The price of HRC falls from a nominal price peak into the abyss that became known as the GFC. Stream live futures and options market data directly from CME Group. Shanghai steel futures have been trading below 4,800 yuan a tonne, pressured by a rise in inventories as steel mills continued to operate during the Lunar New Year holidays while demand slowed. This free-to-attend virtual conference enables you to learn and understand which fundamentals impact the supply chain worldwide. We are forecasting US HRC prices will average more than $900 per ton in the first quarter of 2021. Monthly HRC & Steel Plate Market Report Feb 2021 [03-04] Monthly HRC & Steel Plate Market Report Jan 2021 [02-02] Monthly HRC & Steel Plate Market Report Dec 2020 [01-05] Monthly HRC & Steel Plate Market Report Nov 2020 [12-03] Monthly HRC & Steel Plate Market Report Oct 2020 [11-05] Monthly HRC & Steel Plate Market Report Sep 2020 [10-12] Furthermore, with demand from key steel-consuming industries remaining strong, sources said the current bull market should have staying power through the end of the second quarter of this year. In Europe, flat steel prices moved up in line with Fastmarkets’ expectations in February, and HRC prices averaged €713 ($847) per tonne, compared with our forecast of €715 per tonne. 2008-09 Boom turns to bust as the Global Financial Crisis (GFC) takes hold. Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. From prices and price forecasts to the latest breaking news plus long-term analysis of supply and demand our experts can prepare you for anything you need. Download Spreadsheet. Steel Price History Data (USD per metric ton, aop) Daily US Steel Prices. Click for more daily prices. CRC, cold rolled coil or sheet 0.5-1mm thick. Connect with a member of our expert Metals team for more information about our products. Connect with global market participants and access live prices and volume over a fast, secure network. The company is comprised of four Designated Contract Markets (DCMs). By late December 2020, Chinese HRC price … Protect margins, hedge physical positions, offer floating and fixed price physical transactions, and mitigate price risk more effectively with HRC Steel futures and options. Hear from active traders about their experience adding CME Group futures and options on futures to their portfolio. Our HRC forecasts and market analysis help businesses plan ahead. Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. Our industry data gives you the insight you need to dig deeper. Graph. Price: Date: Hot rolled coil: Steel: 4867.50: 2021-03-11: Hot rolled coil: Steel: 4882.50: 2021-03-10: Hot rolled coil: Steel: 4972.50: 2021-03-09: Hot rolled coil: Steel: 5012.50: 2021-03-08: Hot rolled coil: Steel: 4875.00: 2021-03-07: Hot rolled coil: Steel: 4875.00: 2021-03-06 © 2021 CME Group Inc. All rights reserved. 28/02/20. Connect with key players throughout the entire iron ore supply chain from the comfort of your own home/office. Start receiving the most reactive and reflective US HRC index price and related insights. Get your free US daily HRC price, plus more insights right here, right now. United Kingdom. Search our directory for a broker that fits your needs. Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated at $61.85 per hundredweight ($1,237 per short ton) on Thursday February 25, up by 0.67% from $61.44 per cwt on Wednesday February 24 and 2.62% higher than $60.27 per cwt one week earlier. Inputs were received across all three sub-indices in a range from $60-65 per cwt, inclusive of mill offers and general assessments of current spot market price levels. The United States HRB price for March 10th was up at $1,348 for the fourteenth consecutive time. Significant liquidity in the HRC market along with its importance as a raw material for manufacturers makes this a critical material with consistent volatility in its physical markets. Create a CMEGroup.com Account: More features, more insights. A Midwest buyer expected a "notable push higher" in HRC prices with "still-limited availability" from domestic mills and "any substantial import steel seems months away," he said Dec. 30. Receive exclusive insights on key FX macro themes, volatility trends, and market events through our bi-weekly report. I am very worried about supply. Date Price ($) 08/02/20 15/02/20 22/02/20 28/…. Steel (USA) Price Outlook Prices for hot-rolled coil U.S. steel continued to soar in recent weeks, hitting a one-year high, amid strong manufacturing activity data in China and the U.S in October. Volatility is the name of the game. But we do not expect any supply increase to undermine pricing momentum before the end of the first quarter of next year. Launching a new hot-rolled based galvanized steel price. If you're happy with cookies click proceed. Elevated finished steel prices and strong demand will prompt blast furnace restarts and increased import flows in the near term. We understand how important hot-rolled coil (HRC) is to the steel industry, that’s why we provide a wide range of detailed coverage for this material. From steel mills to scrap processors, from automotive OEMs and white goods producers, Mexican Steel 2021 provides a free digital meeting place for existing and potential customers. Disclaimer  |  Privacy Policy  |  Cookie Policy  |  Terms of Use  |  Data Terms of Use  |  Modern Slavery Act Transparency Statement  |  Report a Security Concern. HRC is the most actively traded steel material and is used in a variety of manufacturing processes, making the weekly HRC price a trusted barometer for the health of the industry as whole. Protect margins, hedge physical positions, offer floating and fixed price physical transactions, and mitigate price risk more effectively with HRC Steel futures and options. CME Globex: HRC Whether you produce, consume or trade HRC, you can rely on our market information to help ensure you make informed decisions for your business. The Chinese HRB price was up at $634 per tonne for the second consecutive time. The metric touched $827.82/st in February, up from $678.53/st in January. Participants active in the physical spot market for HRC includes steel mills, service centers, fabricators, and end users such as pipe mills or automotive companies. In July 2017, we moved our assessment to an index calculation based on market feedback. Spot-market buyers struggle to secure material and mills’ lead times are shifting into the third quarter of the year. U.S. shredded scrap steel fell 6.6% to $290/st. Demand for and prices of virtually everything fall as global confidence is shaken. View the latest insights on trends in the Metals market. In addition to the Chinese export price fob Tianjin, Argus also prices the domestic Chinese market with its HRC domestic Shanghai assessment that is inclusive of value-added tax. Access real-time data, charts, analytics and news from anywhere at anytime. Date Price ($) 14/02/20 21/02/20 28/02/20 05/0…. Domestic prices for Ferro Chrome in India is assessed to be in the range of INR 74,000/MT to INR 75,000/MT. View price reports, history, forecasts and upates on steel and stainless steel products from global commodity research group CRU, including latest HRC prices. EC4Y 8AX We will be launching LME Steel HRC N. America (Platts) on 11 March 2019. Get quick access to tools and premium content, or customize a portfolio and set alerts to follow the market. The HRC Steel contract is settled against industry-approved price indices, disseminated by a respected price reporting agency. Evaluate your cleared margin requirements using our interactive margin calculator. US HRC to shredded scrap spreads surged in February on stronger US flat steel prices. Singapore Mar 1, 2021 @ 10:40 Indian HRC export price narrows on exports to Middle East. U.S. MIDWEST DOMESTIC HOT-ROLLED COIL STEEL (CRU) INDEX, Three reasons HDG Premium futures are a game-changer for steel risk management, Metals: Caught in a Supply-Demand Tug of War, Modern Slavery Act Transparency Statement. STEEL HRC FOB CHINA Futures historical prices: closing price, open, high, low, change and %change of the STEEL HRC FOB CHINA Futures for the selected range of dates. 455.00 460.00 465.00 470.00 475.00 480.00 SteelOrbis. CommodityDirect via CME Chat allows you to discuss Aluminum MW US Transaction Premium Platts futures market activity in real time. Steel is like searching for toilet paper during the initial onslaught of the Covid pandemic - shelves {are} empty. METALS UPDATE: GET QUARTERLY UPDATES, NEW RESEARCH, FUNCTIONALITY AND TOOLS. Final data point normally shows steel prices per ton that are ~2 months old. Export prices for CNF South Korea (10-50mm, HC 60%) is 86 cents/lb, for CNF Japan(10-50mm, HC 60%) is 87 cents/lb and for CNF China(10-150mm, HC 60%) is around 84-84 cents/lb. Sources said there are no immediate signs that the meteoric rise in hot band prices will abate anytime soon. The Western European HRB price was down (on a Euro basis, it was down €17) at $866 for It dropped to $440 for the second quarter and briefly approached $420. Free global steel coverage at your fingertips. The northward movement of the steel prices remains unabated, with the rate touching an all-time high of `58,000 per tonne (ex-Mumbai) for benchmark hot-rolled coil (HRC) product. Table. Market participants use our HRC prices as escalators or de-escalators in their contracts, as benchmarks for physical and financial contracts, internal sales/purchasing performance evaluations, inventory appraisals and market trend analysis and forecasting. Start your free-trial to see up-to-date prices.