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    Overseas

    November 29, 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 $464 per net ton ($512 per metric ton) FOB the port of export according to data released by SteelBenchmarker on Monday of this past week. This is down $11 from the price released two weeks ago and down $19 from late-October.

    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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