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    January 25, 2024

    US premium over offshore HRC dips below $200/st

    Written by David Schollaert

    US hot-rolled coil (HRC) prices declined further this week, easing to their lowest level since late November. And while domestic tags remain notably more expensive than offshore product, the premium has declined as imported hot band tags have moved higher.

    All told, US HRC prices are 19.1% more expensive than imports, a premium that is down from 21.4% from last week’s analysis and down from a recent high of 27% just one month ago. In dollars per ton terms, US HRC is now on average $191 per short ton (st) more expensive than offshore product, down from an average premium of $281/st 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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