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    Overseas

    September 1, 2022

    Little Appeal to Buy Foreign Hot-Rolled Steel over Domestic

    Written by Brett Linton

    The temptation to purchase foreign hot-rolled coil (HRC) at a discount over domestic steel remains minimal. Adjusted foreign prices now offer little advantage over domestic steel, according to Steel Market Update’s (SMU) latest analysis.

    After taking freight costs, trader margins, and tariffs into consideration, foreign HRC prices for the three regions covered in this analysis offer a 1-3% potential discount to US HRC. The appeal for cheaper imports has been shrinking since May.

    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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