Overseas
May 14, 2015
Analysis of World Export vs. Domestic Hot Rolled Coil Price Spread
Written by Brett Linton
The spread between world hot rolled export pricing and the price average of hot rolled coil here in the United States rose this week as the impact of the domestic price increases in the U.S. takes hold.
This theoretical price spread analysis is based on our review of world export prices and the hot rolled steel price index produced by SMU earlier this week. As the spread narrows, the competitiveness of imported steel into the United States is reduced. If it widens then foreign steel becomes more attractive to U.S. flat rolled steel buyers.
