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    Overseas

    June 8, 2023

    US Hot Band Premium Over Imports Declines

    Written by David Schollaert

    Hot-rolled coil (HRC) imports remain at a discount to domestic hot band, though the US premium has declined to its lowest margin in over three months, according to SMU’s latest foreign vs. domestic price analysis.

    While both offshore and US product continue to decline, domestic HRC just saw its sharpest week-on-week (WoW) fall year to date, down $55 per ton vs. last week. And even though hot band imports have fallen at a comparable rate over the past seven weeks, domestic HRC has sharper deciles of late, squeezing its premium over offshore product.

    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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