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    Overseas

    July 15, 2018

    Another Look at Foreign vs. Domestic Hot Rolled Prices

    Written by Brett Linton

    The following calculation is used by Steel Market Update to identify the theoretical spread between foreign hot rolled steel import prices (delivered to USA ports) and domestic hot rolled coil prices (FOB Domestic mills). We want our readers to be aware that this is only a “theoretical” calculation as freight costs, trader margin and other costs can fluctuate, ultimately influencing the true market spread. We do not include the 25 percent tariff or any other unusual costs to the calculations we provide.

    We are now comparing the SMU U.S. hot rolled index to CRU price indices for Germany, Italy and the Far East (East and Southeast Asian port).

    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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