Steel industry value chain - flat products

Iron ore, pig iron, slab, HRC, CRC, HDG prices, Q3 2011

Prices in the chart above represent an indication of the steel value chain as at Q3 2011. Readers should note that:

• All prices are per metric tonne
• Ore prices are for China imported fines 62% Fe (cfr Tianjin port)
• Pig iron is the world average fob export price
• Slab price is world average fob export price [carbon content <0.25%]
• Hot rolled coil is unpickled wide strip, world average fob export price
• Cold rolled coil and galvanised steel prices (for hot dip galvanised, HDG sheet and coil) are estimated from the HRC and CRC price by industry discussions of the current market price premium for cold rolled and zinc coated steels.

This page is updated quarterly [Last update: December 2011].

For further information about current steel prices [including an analysis of the steel long product value added chain covering scrap, billet, bar and wire rod] please contact us - or see our price of steel page.

Site visitors are asked to note that for finished steel products, export fob prices can often be 15% or so below local market prices. Product definitions are important when making comparisons such as those above; please call us if further clarification is required.