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    August 3, 2023

    HRC Imports Losing Edge Over US Prices

    Written by David Schollaert

    The spread between US and offshore hot-rolled coil (HRC) prices has narrowed to its lowest level since mid-February, when domestic prices were still trending upwards, according to SMU’s latest foreign vs. domestic price analysis.

    HRC tags stateside, at an average of $810 per net ton, declined by $20 this week from last, slipping to their lowest level since February. Domestic prices are now down $350 per ton since peaking this year at $1,160 per ton back in April and are also down $70 per ton from a month ago.

    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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