US cold rolled still more expensive than imports

Foreign cold-rolled (CR) coil remains notably less expensive than domestic product, even with repeated tag declines across all regions, according to SMU’s latest check of the market.

All told, US CR prices are now 22.1% more expensive than imports. The premium is up from 20.8% last week but still off from a high of 31.5% in early January. With speculation mounting that domestic tags may be near a bottom, offshore CR could become an even greater value should the spread widen.

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.

David Schollaert

Latest in Overseas

Chinese tin mill products face stiff anti-dumping duty

Commerce finalizes CVD on Algerian wire rod

Commerce ups import duties on Vietnamese OCTG

Chinese tin mill products hit with new duties

AMU Summit: China nears production cap, but increases can still happen