Domestic Hot Rolled Steel Now 5-12% Cheaper Than Imports

Domestic hot-rolled coil (HRC) continues to hold a sizeable price advantage over imports, according to Steel Market Update’s latest analysis on foreign and domestic prices. US HRC is approximately 5–12% cheaper than foreign prices this week, after consideration of freight costs, trader margins and any applicable tariffs. This is the fifth consecutive week that US prices have been cheaper than foreign prices for all three regions we follow.

SMU uses the following calculation to identify the theoretical spread between foreign HRC prices (delivered to US ports) and domestic HRC prices (FOB domestic mills): Our analysis compares the SMU US HRC weekly index to the CRU HRC weekly indices for Germany, Italy, and Far East Asian ports. This is only a theoretical calculation because costs to import can vary greatly and often fluctuate, which influences the true market spread.

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.