US HR premium dips even as stateside tags edge lower

US hot-rolled (HR) coil remains more expensive than offshore hot band, though with a tighter premium as prices stateside and abroad have ticked lower in recent weeks.

Recall that the premium US product had over imports for roughly five months – that swelled to $281 per short ton (st) on average – all but disappeared in early March. But with US tags showing a bit more stability in April, and offshore prices edging lower as well, domestic prices have kept a slightly tighter gap over imports.

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

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