US HR price premium over imports edges up

Hot-rolled (HR) coil prices were flat in the US this week, while tags in offshore markets were mostly down. Thus, the price premium between stateside hot band and imports on a landed basis widened slightly.

SMU’s check of the market on Tuesday, Dec. 17, put average domestic HR tags at $675 per short ton (st), unchanged from the week before. US hot band did rebound from a 20-month low of $635/st in late July, but prices have not shifted much, averaging just over $680/st since.

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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