The
US Department of Commerce has announced the first quarter 2012 reference prices for hot-rolled steel flat products pursuant to the suspension agreement with
Russia.
The reference prices for the first quarter of 2012 (i.e., January 1 -- March 31, 2012) are as follows (with the reference prices from the fourth quarter of 2011 in parentheses for comparison):
Group 1: Commercial and Structural Quality Steel -- A36; A1011-CS; A1011-SS-Grades 30, 33, 36, 40; A1018-SS-Grades 30, 33, 36, 40; and API 5L Grades A and B
Reference price: $437.07 per metric ton ($463.12 per metric ton)
Group 2: HSLA & HSLA-F Quality Steel Grades -- A752; A1011-HSLAS; A1018-HSLAS; A1011-HSLAS-F; A1018-HSLAS-F; API 5L Grades X42, X46, X52, X56, X60; and API 5CT Grades J55 and K55
Reference price: $479.87 per metric ton ($508.47 per metric ton)
Group 3: High Grade Coils and Sheets for Pipes and Casings -- API 5L Grades X65, X70, X80
Reference price: $557.94 per metric ton ($591.19 per metric ton)