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    May 18, 2023

    US HRC Holds Premium Over Imports Despite Price Declines

    Written by David Schollaert

    Hot-rolled coil (HRC) imports are lingering at a notable price discount to domestic hot band tags despite repeated price decreases in the US market, according to SMU’s latest foreign vs. domestic price analysis. Domestic tags are still markedly more expensive than imported product, as both offshore and US steel prices continue to ease.

    The price advantage domestic HRC had enjoyed over imported material turned negative in a hurry halfway through Q1 as US prices climbed at a rapid pace. And while domestic hot band prices have begun to ease quickly, declines in overseas markets have help keep the spread rather wide.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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