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    Overseas

    February 1, 2024

    US HRC remains $200/st more expensive than imports

    Written by David Schollaert

    US hot-rolled coil (HRC) prices saw little movement this week, a similar trend seen in offshore markets. Thus, the price premium domestic hot band carries over imported products was largely unchanged vs. the prior week.

    All told, US HRC prices are 19% more expensive than imports. The premium is just marginally down from 19.1% vs. last week’s analysis. Despite the slower rate of decline in the premium, US prices are noticeably down from a high of 27% just one 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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