US HRC Prices Near Parity With Imports, a Stark Shift from H1'23

The spread between US and offshore hot-rolled coil (HRC) prices continues to narrow as domestic tags decline further, according to SMU’s latest foreign vs. domestic price analysis.

US hot band had been significantly more expensive than imports for most of this year. Now, domestic prices and import prices are near parity. That’s in part because domestic prices have fallen nearly $100 per ton ($5 per cwt) since mid-July while offshore product is down on average just $5 per ton over the same period.

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.