Steel Products Prices North America
Domestic vs. World Export Hot Rolled Price Spread Widens
Written by Brett Linton
April 20, 2014
The spread between the world hot rolled export price and the SMU USA HR price has widened since our last update by $39 per net ton (NT). The current spread is at the highest level since our data history began at the start of 2012.
Based on the latest SteelBenchmarker price report, the world HR price is $500 per net ton (NT). The spread between the world HR price and the latest Steel Market Update hot rolled price FOB Domestic mill east of the Rockies is $170 per ton. When taking freight, handling and trader’s margin into account (approximately $70 per ton) the spread is reduced to $100 per ton. In late March the spread between world export pricing and SMU indexed pricing was $131 total or $61 including freight and trader’s costs/margin.
This same time last year, the world hot rolled export price (including freight & traders costs/margin) was running with at minimal spread compared to the SMU HR price. By late May and into early June the spread began to increase as US HRC prices started to rise.
With the widening gap between world and domestic HR prices, steel imports are sure to gain even more steam and remain strong throughout Q2 and into Q3.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.