US Premium Over Foreign HRC Edges Up Marginally

US hot-rolled coil (HRC) remains at a premium to offshore product, even as recent price declines have brought domestic hot band to its lowest mark since mid-February, according to SMU’s latest foreign vs. domestic price analysis.

HRC tags stateside are down $285 per ton since peaking at $1,160 per ton back in mid-April, and are $115 per ton lower vs. a month ago. Despite the sharp price erosion, discount of foreign HRC over US product has not been as sharp due to declining tags for offshore product as well.

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.