US HR prices rebound, no longer near parity with imports

US hot-rolled (HR) coil and offshore hot band moved further away from parity this week as stateside prices have begun to move higher in response to mill increases.

Recall that the premium domestic product had over imports for roughly five months virtually dissipated in early March. But with US tags moving up and offshore prices still easing, stateside tags have gradually become more expensive.

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.