Overseas
November 13, 2014
Latest Spread Between Foreign and Domestic HRC Pricing
Written by Brett Linton
The following is a “hypothetical” calculation of the spread between world hot rolled export prices and domestic (USA) hot rolled prices. SMU compares the world hot rolled export price with hypothetical adders for freight, handling, trader margin, etc. This is then compared to the spot (FOB Mill) domestic hot rolled price using the SMU Hot Rolled Index average for this week.
The world export price for hot rolled bands is at $475 per net ton ($524 per metric ton) FOB the port of export according to data released by SteelBenchmarker on Monday this week. This is down $8 from the price released two weeks ago and down $9 from the mid-October price.
