SteelBenchmarker™ Product Specs

Spot Market New Booking Prices for Near-Term Delivery
Commodity-grade product to mid-sized buyers
(Dollars per Metric Tonne, 500 to 2,000 tonnes transaction size)

USA Market
East of the Mississippi
  Western Europe Market
Germany/France
FOB mill

Hot Rolled Band*
  (0.2" thick x 48-60" wide)

Cold Rolled Coil*
  (0.03" x 48" - 60" wide)

Rebar #5*
  (5/8" in diameter)

Standard Plate*
  (1" x 96" x 240")

Steel Scrap**
  #1 Heavy melting
  Shredded – all but West Coast
  #1 Busheling

 
Ex-works

Hot Rolled Band*
  (5mm thick x 1200-1500mm wide)

Cold Rolled Coil*
  (0.7mm x 1200-1500mm wide)

Rebar #5*
  (16mm in diameter)

Standard Plate*
  (24mm x 2400mm x 6000mm)

   
  World Export Market
Atlantic and Pacific Basin
 
FOB port
of export

Hot Rolled Band***
  (5mm thick x 1200-1500mm wide)

Cold Rolled Coil***
  (0.7mm x 1200-1500mm wide)

Rebar #5***
  (16mm in diameter)

Standard Plate***
  (24mm x 2400mm x 6000mm)

Note: Near-term delivery is normally two to six weeks.
  Hot-rolled band is the first product off the hot strip mill with: (1) a thickness of about 0.20 inch (but no less than 0.10 inch or more than 0.50 inch); (2) a coil size of 10 to 20 tons; (3) a width of 48 to 60 inches; and (4) a carbon component of 0.08% to 0.13%.
* Ex-works (the same as FOB mill).

**

Steel scrap delivered to steel plant on a near-term basis, normally from two days to a month. #1 heavy melting - demolition scrap that is at least ¼" thick and surface dimension no larger than 60 by 24 inches. This grade does not include the heavy “p & s” (plate and structural) category that includes the very thick scrap items.

Shredded - largely old cars and some appliances - for all USA markets but the West Coast (California, Oregon and Washington). Shredded scrap is homogeneous iron and steel scrap magnetically separated, no. 1, no. 2 steel, miscellaneous bailing and sheet scrap with an average weight from 50 to 70 pounds per square foot.

#1 busheling - new sheet steel scrap.

*** FOB port of export

 

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