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    Overseas

    February 22, 2024

    US HRC is just $77/st more expensive than imports

    Written by David Schollaert

    The premium US hot-rolled coil (HRC) held over offshore product is disappearing in a hurry. Domestic hot band prices continue to fall at a fast clip, erasing a nearly $300/st gap they had over imported HRC just two months ago.

    All told, US HRC prices are now 8.8% more expensive than imports. The premium is down from 13.9% in last week’s analysis and down from a high of 27% just eight weeks ago. Its also the smallest margin since early October.

    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.

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