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    July 17, 2024

    HRC vs. prime scrap spread narrows to lowest level since Covid-19 pandemic

    Written by Ethan Bernard

    The price spread between hot-rolled coil (HRC) and prime scrap narrowed for a third consecutive month, hitting a level in July not seen since 2020, according to SMU’s most recent pricing data.

    SMU’s average HRC price declined this week, and the July price for busheling scrap edged down from June.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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