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    Overseas

    December 30, 2014

    World vs. Domestic HRC Price Spread Shrinks

    Written by Brett Linton

    The spread between world hot rolled export pricing and that of the domestic average here in the United States is shrinking based on our recent analysis.

    The following is a calculation used by Steel Market Update in order to analyze the spread between world hot rolled export prices and domestic (USA) hot rolled prices. SMU compares the world hot rolled export price using a range of 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 with the result being the spread between domestic and world HRC pricing.

    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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