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    Overseas

    August 28, 2014

    World Export vs. Domestic HRC Price Spread Shrinks

    Written by Brett Linton

    The following is a “hypothetical” calculation of the spread between world hot rolled export prices and domestic (USA & Canada) hot rolled prices. Actual HRC price spreads can vary based on freight costs, trader margins and other factors. SMU compares the world export price with adders for freight, handling, trader margin, etc., against the spot (FOB Mill) domestic hot rolled price using the SMU Hot Rolled Index for this week.

    The world export price for hot rolled bands is at $503 per net ton ($554 per metric ton) according to data released by SteelBenchmarker earlier this week. This is is $3 per ton higher compared to two weeks ago and unchanged compared to late-July.

    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.

    Read more from Brett Linton

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