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    February 27, 2014

    Spread Between Domestic & World HRC Pricing Shrinks

    Written by Brett Linton

    A few weeks back Steel Market Update published an article on World Export Price vs. Domestic HRC Pricing. Here is an update with a comparison of current prices.

    The latest SMU HR price was at $635 per net ton (NT) average, and using the world export price as reported by SteelBenchmarker plus $70 per ton in freight, we can calculate the true world export price to the customer at $578 per NT. This puts the spread around $47 per ton, much less than the $75 per ton reported in early February when domestic was $655 compared to $580 world export price delivered to US ports (depending on freight the spread could be slightly higher).

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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