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    Overseas

    April 18, 2024

    US HR premium widens on lower offshore tags

    Written by David Schollaert

    US hot-rolled (HR) coil has become gradually more expensive than offshore hot band in recent weeks, as stateside prices have stabilized while imports moved lower.

    Recall that the premium US product had over imports for roughly five months all but disappeared in early March. But with US tags holding firm and offshore prices edging lower, domestic prices are again widening their gap over imports and becoming 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.

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