history

Price History Tables and Charts

USA China

Western Europe World Export

Hot-rolled Band

Cold-rolled Coil

Standard Plate

Rebar

Steel Scrap

Register at: www.steelbenchmarker.com

1

HRB Price Dormant

World Export, China & USA up 0.2%, 0.2% & 0.8%. Western Europe down 0.5%.

SteelBenchmarkerTM Report #186

ENGLEWOOD CLIFFS, NJ – The bi-monthly SteelBenchmarkerTM World export HRB price for December 23rd rose 0.2% to $565 per tonne for the fourth consecutive time. The Chinese HRB price rose to $477 per tonne after remaining unchanged last time. The United States HRB spot price rose 0.8% to $744 per metric tonne for the sixth consecutive time. The Western European HRB price fell 0.5% to $608 per tonne (on a Euro basis, it was flat) after rising last time.

In its one hundred eighty sixth report, the SteelBenchmarkerTM released 9 steel product and 3 USA scrap prices. Of these, here are four benchmark prices for hot-rolled band for December 23, 2013:

USA – $744 per metric tonne ($675 per net ton), FOB the mill – up $6 per tonne from $738 ($670 nt) two weeks ago, up $107 from the recent low of $637 ($578 nt) on May 27, 2013 and up $191 from the low of $553 per tonne ($502 nt) on Nov. 23, 2009. It is down $226 per tonne from the recent high of $970 ($880 nt) on Mar. 28, 2011 and down $459 (38.2%) from the record peak of $1,203 per tonne ($1,091 nt) on July 28, 2008.

China – $477 per metric tonne, ex-works – up $1 per tonne from $476 two weeks ago, up $30 per tonne from the recent low of $447 on Sept. 10, 2012 and up $70 from the low of $407 per tonne on Oct. 12, 2009. It is down $160 per tonne from the recent high of $637 on Aug. 22, 2011 and down $256 (34.9%) from the record peak of $733 per tonne on July 14, 2008.

Western Europe – $608 (€444e) per metric tonne, ex-works – down $3 per tonne from $611 (€444) two weeks ago (on a Euro basis, it was flat), up $18 (down €10) from the recent low of $590 (€454) on July 8, 2013 and up $37 (up €63) from the low of $571 (€381) per tonne on Nov. 23, 2009. It is down $244 (€161) per tonne from the recent high of $852 (€605) on Mar. 28, 2011 and down $596 (49.5%) (€312) (41.3%) from the record peak of $1,204 (€756) per tonne on July 14, 2008.

World Export Price – $565 per metric tonne, FOB the port of export – up $1 per tonne from $564 two weeks ago, up $33 from the recent low of $532 on Oct. 8, 2012 and up $69 from the low of $496 per tonne on Nov. 9, 2009. It is down $237 per tonne from the recent high of $802 on Feb. 14, 2011 and down $548 (49.2%) from the record peak of $1,113 per tonne on July 28, 2008.

2

STEELBENCHMARKER PRICES December 23, 2013

dollars per metric tonne (net ton) [gross ton] {Euros}

Region: USA, East of the Mississippi

Hot-rolled band: 744 (675) Cold-rolled coil: 861 (781) Standard plate: 867 (787)

#1 Heavy melting scrap: 370 [376] Shredded scrap*: 400 [406] #1 Busheling scrap: 416 [423] Region: Mainland China***

Hot-rolled band: 477 Cold-rolled coil: 607 Rebar: 478 Standard plate: 483 Region: Western Europe

Hot-rolled band: 608 {444e} Region: World Export Market

Hot-rolled band: 565

To learn more about Steel Futures and to allow you the opportunity to express your opinions or ask questions we have created a BLOG at http://www.steelfutures.steelbenchmarker.com.

NOTES: Released December 25, 2013 at 9:00 a.m. to Price Assessment Providers. The first price release was for April 10, 2006.

If a product is not listed or a price is not indicated, fewer than ten (10) price inputs were received at this time. ** Development stage -- fewer than 20 assessment providers.

Prices are: USA -- FOB mill; Western Europe and China -- Ex-works; and World Export Market -- FOB port of export. For USA steel scrap -- delivered to the steel plant. * For shredded scrap the region is “for all but the West Coast” (CA, OR & WA). *** SteelHome’s non-steelbenchmarker derived average price for each product is the determinant of the Chinese ex-works benchmark price. It is published for comparative purposes.

For product specifications go to www.steelbenchmarker.com/specifications.

3

Features and Benefits of WSD’s SteelBenchmarker™

Features Details Benefits/Comments

Background Items

Inception date for SteelBenchmarkerTM finished steel product prices.

April 2006 for HRB, CRC, plate and rebar in the USA, Europe, China and the world export market.

A seven plus-year track record of twice-per-month benchmark prices. The USA benchmark prices for HRB and CRC are particularly robust.

Inception date for SteelBenchmarkerTM steel scrap prices.

For the USA, price for three grades of steel scrap were initiated in February 2007.

six plus-year track record of twice-per-month results.

Frequency of SteelBenchmarkerTM pricing reports.

Twice monthly. Wednesdays following the 2nd and 4th Mondays of each month.

Number of “price assessment providers”.

About 1,200 signed up globally, plus about 300 daily Chinese price inputs from Shanghai SteelHome.

In the USA the current number of price assessment providers has averaged 50-60 for hot-rolled band and 30-40 for cold-rolled coil.

Regulatory Compliance

Satisfies standards of USA Dept. of Justice, Federal Trade Commission and European Trade Commission.

YES, we have been advised that the SteelBenchmarkerTM

is in compliance.

Designed from the start to comply with the requirements of USA and European regulators.

Methodology

The “price assessment providers” provide their standard actual transaction price for near-term delivery to mid-sized buyers.

SteelBenchmarkerTM is not seeking the tonnage on transactions.

No expected issues with DOJ or FTC with our methodology.

Data is collected and processed by a secure 3rd party computer.

Assures price assessor’s anonymity.

“Price assessment providers” do not face an audit risk.

Price assessment provider’s inputs are not seen by WSD or anyone else.

No early peeks or leaks. No human intervention in determining the price.

All price assessment provider inputs are treated equally.

Contributors are only steel buyers and sellers.

Mills, service centers, fabricators, processors, end users and traders.

Financial players, including hedge funds, can’t influence the price.

Twice per month results with the ability to switch to once a week (if required).

A robust and incorruptible index is essential when the stakes are high.

SteelBenchmarkerTM has performed well in an environment of rapid price swings.

Consistent and balanced approach.

All assessments treated equally.

No attempt to weigh results by importance of the provider, or tonnage, in our system.

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SteelBenchmarkerTM HRB Price

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USAFOB mill

World ExportFOB port of export

Chinaex-works

Western Europeex-works

December 23, 2013

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SteelBenchmarkerTM CRC Price


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December 23, 2013

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SteelBenchmarkerTM Plate Price


USAFOB mill


Chinaex-works


December 23, 2013

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SteelBenchmarkerTM Rebar Price


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December 23, 2013

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SteelBenchmarkerTM Scrap Price

USA, delivered to steel plant(AMM scrap price data, Jan. 2000 - Jan. 2007; SteelBenchmarker data begins Feb. 2007)

#1 Heavy Melting

Shredded Scrap

December 23, 2013

#1 Busheling

9

USAFOB mill*

Dollars per Net Ton

---------HRB-------- ---------CRC--------- ---------Plate--------- --------Rebar---------

　Dlr 　Pct 　Dlr 　Pct 　Dlr 　Pct 　Dlr 　PctPrice Chng Chng Price Chng Chng Price Chng Chng Price Chng Chng

13-Aug-12 647 27 4.4% 751 39 5.5% 796 -7 -0.9% na - -27-Aug-12 659 13 1.9% 755 4 0.6% 786 -10 -1.3% na - -

10-Sep-12 657 -2 -0.3% 753 -2 -0.2% 778 -7 -0.9% na - -24-Sep-12 627 -30 -4.6% 729 -24 -3.2% 749 -29 -3.7% na - -

8-Oct-12 605 -22 -3.6% 705 -24 -3.4% 739 -10 -1.3% na - -22-Oct-12 591 -14 -2.3% 687 -18 -2.6% 724 -15 -2.0% na - -

12-Nov-12 617 26 4.3% 721 34 5.0% 714 -10 -1.4% na - -26-Nov-12 628 12 1.9% 733 12 1.6% 734 20 2.8% na - -

10-Dec-12 639 11 1.7% 742 9 1.2% 733 -1 -0.1% na - -24-Dec-12 636 -3 -0.5% 738 -4 -0.5% 741 8 1.1% na - -

14-Jan-13 625 -11 -1.8% 730 -8 -1.1% 750 9 1.2% na - -28-Jan-13 624 -1 -0.1% 722 -8 -1.1% 735 -15 -2.1% na - -

11-Feb-13 631 7 1.2% 727 5 0.6% 722 -13 -1.7% na - -25-Feb-13 614 -18 -2.8% 713 -14 -1.9% 721 -1 -0.1% na - -

11-Mar-13 620 7 1.1% 715 2 0.3% 736 15 2.0% na - -25-Mar-13 615 -5 -0.8% 714 -1 -0.1% 743 7 1.0% na - -

8-Apr-13 611 -4 -0.7% 712 -2 -0.3% 747 4 0.6% na - -22-Apr-13 598 -12 -2.0% 700 -11 -1.6% 745 -2 -0.3% na - -

13-May-13 587 -11 -1.9% 687 -14 -1.9% 728 -18 -2.4% na - -27-May-13 578 -9 -1.5% 679 -7 -1.1% 712 -15 -2.1% na - -

10-Jun-13 592 14 2.4% 694 15 2.2% 718 5 0.8% na - -24-Jun-13 606 14 2.4% 707 13 1.8% 712 -5 -0.8% na - -

8-Jul-13 633 27 4.5% 729 23 3.2% 706 -6 -0.9% na - -22-Jul-13 637 4 0.6% 733 4 0.5% 722 16 2.3% na - -

12-Aug-13 653 16 2.5% 757 24 3.2% 731 8 1.2% na - -26-Aug-13 653 0 0.0% 759 2 0.3% 724 -7 -0.9% na - -

9-Sep-13 651 -2 -0.3% 758 -1 -0.1% 731 7 1.0% na - -23-Sep-13 651 -1 -0.1% 749 -8 -1.1% 729 -2 -0.3% na - -

14-Oct-13 656 5 0.8% 759 10 1.3% 718 -12 -1.6% na - -28-Oct-13 661 5 0.8% 761 2 0.2% 736 18 2.5% na - -

11-Nov-13 666 5 0.7% 767 6 0.8% 736 0 0.0% na - -25-Nov-13 668 2 0.3% 779 11 1.5% 753 17 2.3% na - -

9-Dec-13 670 2 0.3% 779 1 0.1% 759 6 0.8% na - -23-Dec-13 675 5 0.8% 781 2 0.2% 787 27 3.6% na - -

13-Jan-1427-Jan-14

Notes: * Ex-works (the same as FOB mill)

Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to PriceAssessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.The first price release was for April 10, 2006 for data go to steelbenchmarker.com/files/history2.pdf.

For product specifications refer to last page, or go to steelbenchmarker.com/specifications

10

USAFOB mill*

Dollars per Metric Tonne



13-Aug-12 713 30 4.4% 828 43 5.5% 877 -8 -0.9% na - -27-Aug-12 727 14 1.9% 833 5 0.6% 866 -11 -1.3% na - -

10-Sep-12 725 -2 -0.3% 831 -2 -0.2% 858 -8 -0.9% na - -24-Sep-12 692 -33 -4.6% 804 -27 -3.2% 826 -32 -3.7% na - -

8-Oct-12 667 -25 -3.6% 777 -27 -3.4% 815 -11 -1.3% na - -22-Oct-12 652 -15 -2.3% 757 -20 -2.6% 799 -16 -2.0% na - -

12-Nov-12 680 28 4.3% 795 38 5.0% 787 -12 -1.4% na - -26-Nov-12 693 13 1.9% 808 13 1.6% 809 22 2.8% na - -

10-Dec-12 705 12 1.7% 818 10 1.2% 808 -1 -0.1% na - -24-Dec-12 702 -3 -0.5% 814 -4 -0.5% 817 9 1.1% na - -

14-Jan-13 689 -13 -1.8% 805 -9 -1.1% 827 10 1.2% na - -28-Jan-13 688 -1 -0.1% 796 -9 -1.1% 810 -17 -2.1% na - -

11-Feb-13 696 8 1.2% 801 5 0.6% 796 -14 -1.7% na - -25-Feb-13 676 -20 -2.8% 786 -15 -1.9% 795 -1 -0.1% na - -

11-Mar-13 684 7 1.1% 788 2 0.3% 811 16 2.0% na - -25-Mar-13 678 -6 -0.8% 787 -1 -0.1% 819 8 1.0% na - -

8-Apr-13 673 -5 -0.7% 784 -3 -0.3% 824 5 0.6% na - -22-Apr-13 660 -13 -2.0% 772 -12 -1.6% 822 -2 -0.3% na - -

13-May-13 647 -13 -1.9% 757 -15 -1.9% 802 -20 -2.4% na - -27-May-13 637 -10 -1.5% 749 -8 -1.1% 785 -17 -2.1% na - -

10-Jun-13 652 15 2.4% 765 16 2.2% 791 6 0.8% na - -24-Jun-13 668 16 2.4% 779 14 1.8% 785 -6 -0.8% na - -

8-Jul-13 698 30 4.5% 804 25 3.2% 778 -7 -0.9% na - -22-Jul-13 702 4 0.6% 808 4 0.5% 796 18 2.3% na - -

12-Aug-13 720 18 2.5% 834 26 3.2% 805 9 1.2% na - -26-Aug-13 720 0 0.0% 836 2 0.3% 798 -7 -0.9% na - -

9-Sep-13 718 -2 -0.3% 835 -1 -0.1% 806 8 1.0% na - -23-Sep-13 717 -1 -0.1% 826 -9 -1.1% 804 -2 -0.3% na - -

14-Oct-13 723 6 0.8% 837 11 1.3% 791 -13 -1.6% na - -28-Oct-13 729 6 0.8% 839 2 0.2% 811 20 2.5% na - -

11-Nov-13 734 5 0.7% 846 7 0.8% 811 0 0.0% na - -25-Nov-13 736 2 0.3% 858 12 1.5% 830 19 2.3% na - -

9-Dec-13 738 2 0.3% 859 1 0.1% 837 7 0.8% na - -23-Dec-13 744 6 0.8% 861 2 0.2% 867 30 3.6% na - -

13-Jan-1427-Jan-14

Notes: * Ex-works (the same as FOB mill)



11

USAdelivered to steel plant Dollars per Gross Ton

--------------------------------Steel Scrap**--------------------------------

#1 Heavy Melting Shredded Scrap #1 Busheling

　Dlr 　Pct 　Dlr 　Pct 　Dlr 　PctPrice Chng Chng Price Chng Chng Price Chng Chng

13-Aug-12 354 46 15.0% 393 55 16.3% 397 61 18.2%27-Aug-12 362 8 2.3% 393 0 0.0% 403 6 1.5%

10-Sep-12 345 -17 -4.8% 382 -11 -2.8% 376 -27 -6.6%24-Sep-12 336 -9 -2.6% 368 -14 -3.7% 376 0 -0.1%

8-Oct-12 301 -35 -10.4% 330 -38 -10.3% 337 -39 -10.4%22-Oct-12 305 4 1.3% 336 6 1.8% 334 -3 -0.9%

12-Nov-12 342 37 12.0% 382 46 13.7% 380 46 13.8%26-Nov-12 342 0 0.1% 383 1 0.3% 381 1 0.3%

10-Dec-12 344 2 0.5% 381 -2 -0.5% 376 -5 -1.3%24-Dec-12 336 -8 -2.2% 381 0 0.0% 389 13 3.3%

14-Jan-13 339 3 0.9% 384 3 0.8% 383 -6 -1.4%28-Jan-13 346 7 2.1% 379 -5 -1.3% 385 2 0.5%

11-Feb-13 332 -14 -4.1% 366 -13 -3.4% 370 -15 -3.9%25-Feb-13 339 7 2.0% 371 5 1.4% 373 3 0.8%

11-Mar-13 362 23 6.9% 392 21 5.7% 399 26 7.0%25-Mar-13 364 2 0.6% 393 1 0.3% 396 -3 -0.8%

8-Apr-13 348 -16 -4.3% 377 -16 -4.1% 378 -18 -4.5%22-Apr-13 340 -9 -2.4% 371 -6 -1.6% 383 5 1.3%

13-May-13 317 -23 -6.7% 354 -17 -4.6% 363 -20 -5.2%27-May-13 321 4 1.3% 358 4 1.2% 372 9 2.5%

10-Jun-13 321 0 0.0% 352 -6 -1.7% 371 -1 -0.3%24-Jun-13 327 6 1.9% 359 7 1.9% 375 4 1.1%

8-Jul-13 337 10 3.1% 369 10 2.8% 389 14 3.7%22-Jul-13 335 -2 -0.7% 373 4 1.2% 392 3 0.8%

12-Aug-13 348 13 3.9% 365 -8 -2.2% 399 7 1.7%26-Aug-13 339 -9 -2.5% 360 -5 -1.5% 394 -5 -1.2%

9-Sep-13 337 -2 -0.6% 350 -10 -2.8% 390 -4 -1.0%23-Sep-13 330 -7 -2.1% 356 6 1.8% 392 2 0.5%

14-Oct-13 332 2 0.6% 352 -4 -1.2% 389 -3 -0.8%28-Oct-13 328 -4 -1.2% 356 4 1.2% 387 -2 -0.5%

11-Nov-13 357 29 8.8% 375 19 5.3% 411 24 6.2%25-Nov-13 350 -7 -1.9% 377 2 0.5% 417 6 1.4%

9-Dec-13 364 14 4.0% 395 18 4.7% 416 -1 -0.3%23-Dec-13 376 12 3.3% 406 11 2.9% 423 7 1.7%

13-Jan-1427-Jan-14

Notes: ** Steel scrap delivered to steel plant #1 heavy melting – demolition scrap that is at least ¼” thick. 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 but the West Coast (CA, OR & WA). #1 busheling – new sheet steel scrap.

Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to PriceAssessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.The first price release was for Feb.12, 2007 for data go to steelbenchmarker.com/files/history2.pdf.


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13-Aug-12 479 -19 -3.8% 601 -12 -2.0% 478 -26 -5.2% 479 -14 -2.8%27-Aug-12 462 -17 -3.5% 590 -11 -1.8% 463 -15 -3.1% 468 -11 -2.3%

10-Sep-12 447 -15 -3.2% 577 -13 -2.2% 450 -13 -2.8% 462 -6 -1.3%24-Sep-12 475 28 6.3% 591 14 2.4% 474 24 5.3% 484 22 4.8%

8-Oct-12 495 20 4.2% 601 10 1.7% 484 10 2.1% 501 17 3.5%22-Oct-12 498 3 0.6% 606 5 0.8% 484 0 0.0% 504 3 0.6%

12-Nov-12 523 25 5.0% 611 5 0.8% 502 18 3.7% 505 1 0.2%26-Nov-12 520 -3 -0.6% 616 5 0.8% 502 0 0.0% 492 -13 -2.6%

10-Dec-12 518 -2 -0.4% 615 -1 -0.2% 500 -2 -0.4% 482 -10 -2.0%24-Dec-12 525 7 1.4% 620 5 0.8% 506 6 1.2% 488 6 1.2%

14-Jan-13 545 20 3.8% 637 17 2.7% 528 22 4.3% 500 12 2.5%28-Jan-13 549 4 0.7% 642 5 0.8% 531 3 0.6% 498 -2 -0.4%

11-Feb-13 557 8 1.5% 648 6 0.9% 539 8 1.5% 510 12 2.4%25-Feb-13 553 -4 -0.7% 656 8 1.2% 543 4 0.7% 512 2 0.4%

11-Mar-13 538 -15 -2.7% 651 -5 -0.8% 533 -10 -1.8% 501 -11 -2.1%25-Mar-13 529 -9 -1.7% 645 -6 -0.9% 527 -6 -1.1% 494 -7 -1.4%

8-Apr-13 519 -10 -1.9% 642 -3 -0.5% 520 -7 -1.3% 490 -4 -0.8%22-Apr-13 511 -8 -1.5% 640 -2 -0.3% 516 -4 -0.8% 485 -5 -1.0%

13-May-13 499 -12 -2.3% 637 -3 -0.5% 509 -7 -1.4% 484 -1 -0.2%27-May-13 484 -15 -3.0% 628 -9 -1.4% 501 -8 -1.6% 477 -7 -1.4%

10-Jun-13 473 -11 -2.3% 615 -13 -2.1% 488 -13 -2.6% 459 -18 -3.8%24-Jun-13 473 0 0.0% 614 -1 -0.2% 487 -1 -0.2% 459 0 0.0%

8-Jul-13 481 8 1.7% 606 -8 -1.3% 486 -1 -0.2% 463 4 0.9%22-Jul-13 492 11 2.3% 606 0 0.0% 494 8 1.6% 471 8 1.7%

12-Aug-13 497 5 1.0% 610 4 0.7% 498 4 0.8% 479 8 1.7%26-Aug-13 503 6 1.2% 619 9 1.5% 503 5 1.0% 481 2 0.4%

9-Sep-13 500 -3 -0.6% 620 1 0.2% 498 -5 -1.0% 479 -2 -0.4%23-Sep-13 491 -9 -1.8% 617 -3 -0.5% 485 -13 -2.6% 472 -7 -1.5%

14-Oct-13 488 -3 -0.6% 615 -2 -0.3% 482 -3 -0.6% 474 2 0.4%28-Oct-13 480 -8 -1.6% 614 -1 -0.2% 476 -6 -1.2% 471 -3 -0.6%

11-Nov-13 482 2 0.4% 612 -2 -0.3% 477 1 0.2% 479 8 1.7%25-Nov-13 476 -6 -1.2% 609 -3 -0.5% 473 -4 -0.8% 477 -2 -0.4%

9-Dec-13 476 0 0.0% 610 1 0.2% 477 4 0.8% 482 5 1.0%23-Dec-13 477 1 0.2% 607 -3 -0.5% 483 6 1.3% 478 -4 -0.8%

13-Jan-1427-Jan-14

Notes: SteelHome's non-steelbenchmarker derived average price for each product is the determinant of the Chinese ex-works benchmark price. It is published for comparative purposes.



Ex-works

China

13




13-Aug-12 614 0 0.0% na - - na - - na - -27-Aug-12 na - - na - - na - - na - -

10-Sep-12 600 - - na - - na - - na - -24-Sep-12 625 25 4.2% na - - na - - na - -

8-Oct-12 616 -9 -1.4% na - - na - - na - -22-Oct-12 612 -4 -0.6% 723 - - na - - na - -

12-Nov-12 591 -21 -3.4% na - - na - - na - -26-Nov-12 600 9 1.5% na - - na - - na - -

10-Dec-12 604 4 0.7% na - - na - - na - -24-Dec-12 628 24 4.0% na - - na - - na - -

14-Jan-13 638 10 1.6% na - - na - - na - -28-Jan-13 661 23 3.6% na - - na - - na - -

11-Feb-13 659 -2 -0.3% na - - na - - na - -25-Feb-13 655 -4 -0.6% na - - na - - na - -

11-Mar-13 645 -10 -1.5% na - - na - - na - -25-Mar-13 633 -12 -1.9% na - - na - - na - -

8-Apr-13 623 -10 -1.6% na - - na - - na - -22-Apr-13 620 -3 -0.5% na - - na - - na - -

13-May-13 617 -3 -0.5% na - - na - - na - -27-May-13 602 -15 -2.4% na - - na - - na - -

10-Jun-13 601 -1 -0.2% na - - na - - na - -24-Jun-13 606 5 0.8% na - - na - - na - -

8-Jul-13 590 -16 -2.6% na - - na - - na - -22-Jul-13 588 -2 -0.3% na - - na - - na - -

12-Aug-13 600 12 2.0% na - - na - - na - -26-Aug-13 594 -6 -1.0% na - - na - - na - -

9-Sep-13 603 9 1.5% na - - na - - na - -23-Sep-13 610 7 1.2% na - - na - - na - -

14-Oct-13 607 -3 -0.5% na - - na - - na - -28-Oct-13 611 4 0.7% na - - na - - na - -

11-Nov-13 611 0 0.0% na - - na - - na - -25-Nov-13 601 -10 -1.6% na - - na - - na - -

9-Dec-13 611 10 1.7% na - - na - - na - -23-Dec-13 608 -3 -0.5% na - - na - - na - -

13-Jan-1427-Jan-14

Notes: Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to PriceAssessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.The first price release was for May 8, 2006 for data go to steelbenchmarker.com/files/history2.pdf.


Ex-works

Western Europe

14

Euros per Metric Tonne


Euro Euro 　Pct Euro 　Pct Euro 　Pct Euro 　Pct($/Euro) Price Chng Chng Price Chng Chng Price Chng Chng Price Chng Chng

13-Aug-12 1.235 497 -10 -1.9% na - - na - - na - -27-Aug-12 -- na - - na - - na - - na - -

10-Sep-12 1.279 469 - - na - - na - - na - -24-Sep-12 1.294 483 14 3.0% na - - na - - na - -

8-Oct-12 1.297 475 -8 -1.7% na - - na - - na - -22-Oct-12 1.313 466 -9 -1.9% 551 - - na - - na - -

12-Nov-12 1.271 465 -1 -0.2% na - - na - - na - -26-Nov-12 1.299 462 -3 -0.7% na - - na - - na - -

10-Dec-12 1.302 464 2 0.4% na - - na - - na - -24-Dec-12 1.322 475 11 2.4% na - - na - - na - -

14-Jan-13 1.335 478 3 0.6% na - - na - - na - -28-Jan-13 1.343 492 14 3.0% na - - na - - na - -

11-Feb-13 1.345 490 -2 -0.5% na - - na - - na - -25-Feb-13 1.310 500 10 2.0% na - - na - - na - -

11-Mar-13 1.303 495 -5 -1.0% na - - na - - na - -25-Mar-13 1.287 492 -3 -0.6% na - - na - - na - -

8-Apr-13 1.306 477 -15 -3.0% na - - na - - na - -22-Apr-13 1.301 477 0 -0.1% na - - na - - na - -

13-May-13 1.299 475 -2 -0.3% na - - na - - na - -27-May-13 1.295 465 -10 -2.1% na - - na - - na - -

10-Jun-13 1.330 452 -13 -2.8% na - - na - - na - -24-Jun-13 1.315 461 9 2.0% na - - na - - na - -

8-Jul-13 1.300 454 -7 -1.5% na - - na - - na - -22-Jul-13 1.314 447 -6 -1.4% na - - na - - na - -

12-Aug-13 1.330 451 4 0.8% na - - na - - na - -26-Aug-13 1.335 445 -6 -1.4% na - - na - - na - -

9-Sep-13 1.325 455 10 2.3% na - - na - - na - -23-Sep-13 1.350 452 -3 -0.7% na - - na - - na - -

14-Oct-13 1.352 449 -3 -0.6% na - - na - - na - -28-Oct-13 1.379 443 -6 -1.3% na - - na - - na - -

11-Nov-13 1.346 454 11 2.5% na - - na - - na - -25-Nov-13 1.357 443 -11 -2.4% na - - na - - na - -

9-Dec-13 1.377 444 e 1 0.2% na - - na - - na - -23-Dec-13 1.369 444 e 0 0.1% na - - na - - na - -

13-Jan-1427-Jan-14

Notes: Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to PriceAssessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.The first price release was for May 8, 2006 for data go to steelbenchmarker.com/files/history2.pdf.


Western EuropeEx-works

15




13-Aug-12 583 -5 -0.9% 661 -24 -3.5% 630 - - na - -27-Aug-12 579 -4 -0.7% 664 3 0.5% na - - na - -

10-Sep-12 562 -17 -2.9% 626 -38 -5.7% na - - na - -24-Sep-12 542 -20 -3.6% 637 11 1.8% 557 - - na - -

8-Oct-12 532 -10 -1.8% 626 -11 -1.7% 548 -9 -1.6% na - -22-Oct-12 534 2 0.4% 630 4 0.6% 561 13 2.4% na - -

12-Nov-12 542 8 1.5% 636 6 1.0% na - - na - -26-Nov-12 546 4 0.7% 640 4 0.6% na - - na - -

10-Dec-12 553 7 1.3% 644 4 0.6% 608 - - na - -24-Dec-12 553 0 0.0% 646 2 0.3% na - - na - -

14-Jan-13 563 10 1.8% 654 8 1.2% 631 - - na - -28-Jan-13 578 15 2.7% 670 16 2.4% na - - na - -

11-Feb-13 592 14 2.4% 675 5 0.7% na - - na - -25-Feb-13 608 16 2.7% 683 8 1.2% na - - na - -

11-Mar-13 604 -4 -0.7% 683 0 0.0% na - - na - -25-Mar-13 591 -13 -2.2% 675 -8 -1.2% 661 - - na - -

8-Apr-13 586 -5 -0.8% 663 -12 -1.8% na - - na - -22-Apr-13 573 -13 -2.2% 654 -9 -1.4% na - - na - -

13-May-13 553 -20 -3.5% 639 -15 -2.3% na - - na - -27-May-13 546 -7 -1.3% 630 -9 -1.4% na - - na - -

10-Jun-13 539 -7 -1.3% 617 -13 -2.1% na - - na - -24-Jun-13 537 -2 -0.4% 625 8 1.3% na - - na - -

8-Jul-13 534 -3 -0.6% 624 -1 -0.2% na - - na - -22-Jul-13 546 12 2.2% 627 3 0.5% na - - na - -

12-Aug-13 566 20 3.7% 648 21 3.3% na - - na - -26-Aug-13 570 4 0.7% 646 -2 -0.3% na - - na - -

9-Sep-13 577 7 1.2% 649 3 0.5% 607 - - na - -23-Sep-13 573 -4 -0.7% 650 1 0.2% na - - na - -

14-Oct-13 556 -17 -3.0% 649 -1 -0.2% 609 - - na - -28-Oct-13 555 -1 -0.2% 647 -2 -0.3% 605 -4 -0.7% na - -

11-Nov-13 557 2 0.4% 655 8 1.2% na - - na - -25-Nov-13 559 2 0.4% 657 2 0.3% na - - na - -

9-Dec-13 564 5 0.9% 653 -4 -0.6% na - - na - -23-Dec-13 565 1 0.2% na - - na - - na - -

13-Jan-1427-Jan-14

Notes: Prices released on Wednesdays following the 2nd and 4th Mondays of the month at 9:00 AM to PriceAssessment Providers. If a price is not indicated, fewer than ten (10) price inputs were received at that time.The first price release was for April 10, 2006 for data go to steelbenchmarker.com/files/history2.pdf.


FOB the Port of Export

World Export Price

16

Spot Market New Booking Prices for Near-Term DeliveryCommodity-grade product to mid-sized buyers

(Dollars per Metric Tonne, 500 to 2,000 tonnes transaction size)

USA MarketEast of the Mississippi

Western Europe MarketGermany/France

FOB mill Ex-works

Hot-rolled band * Hot-rolled band * (0.2" thick x 48-60" wide) (5mm thick x 1200-1500mm wide)

Cold-rolled coil * Cold-rolled coil * (0.03" x 48-60" wide) (0.7mm x 1200-1500mm wide)

Rebar #5 * Rebar #5 * (5/8" in diameter) (16mm in diameter)

Standard plate * Standard plate * (1" x 96" x 240") (24mm x 2400mm x 6000mm)

Steel scrap ** #1 Heavy melting Shredded - all but West Coast #1 Busheling

Chinese Market Home Market

World Export MarketAtlantic and Pacific Basin

Ex-works FOB port of export

Hot-rolled band * Hot-rolled band *** (5mm thick x 1200-1500mm wide) (5mm thick x 1200-1500mm wide)

Cold-rolled coil * Cold-rolled coil *** (0.7mm x 1200-1500mm wide) (0.7mm x 1200-1500mm wide)

Rebar #5 * Rebar #5 *** (16mm in diameter) (16mm in diameter)

Standard plate * Standard plate *** (24mm x 2400mm x 6000mm) (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%.

SteelHome's average price for each product is the determinant of the Chinese ex-works benchmark price. It is published for comparative purposes.

* 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 includethe heavy “p & s” (plate and structural ) category that includes the very thick scrap items.

Shredded – largely old cars and some appliances – for all 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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