*all prices are in AUD unless otherwise stated
The price of steel has reached unprecedented levels, even managing to eclipse the previous peak recorded in the GFC era of 2008. In the last year to August 2021, the price of hot rolled coil steel has increased by more than $1,090AUD approx. per tonne. In short, HRC has increased by almost 200% in the last 12 months and the increase is continuing.
Obtaining the price of hot rolled coil by the tonne in Australia is no mean feat. There are so many importers with so many different grades, that for the purpose of this blog, we will reference the commodity as a whole as a price guide. The prices in Australia are of course following a similar trend – almost the exact trend.