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    Market Data

    August 15, 2024

    Domestic, imported HR prices near parity again

    Written by David Schollaert

    US hot-rolled (HR) coil prices are nearly even with prices for offshore material on a landed basis as domestic tags continue to inch up.

    While HR is cheaper stateside, the price spread between domestic and foreign HR has moved closer to parity. The trend is supported by improving domestic prices on the heels of firmer US mill offers. (Visit SMU’s pricing calendar to keep track of the latest mill price announcements.)

    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.

    Read more from David Schollaert

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