US Premium Over Foreign HRC Remains Unchanged

The US hot-rolled coil (HRC) premium over offshore product has changed little over the past few weeks, as both prices abroad and stateside have inched up in tandem recently, according to SMU’s latest foreign vs. domestic price analysis.

HRC tags stateside are still down $280 per ton since peaking at $1,160 per ton back in mid-April, though they have inched up modestly over the past two weeks. A similar trend has been seen on imports, keeping discounts of foreign HRC over US product largely unchanged and at its lowest level since March 1.

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.