US HR prices remain marginally above offshore tags

US hot-rolled (HR) coil prices edged down slightly this past week but remain at a slight premium to offshore material on a landed basis.

Since reaching parity in late August, domestic prices pulled a bit ahead of imports. The premium, however, has changed little these past few weeks. The trend comes even as US mills have tried to move stateside tags higher. But both US and offshore prices have ticked lower over the past two weeks as demand hasn’t supported higher tags.

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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