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    February 6, 2025

    US HR prices pulling away from offshore tags

    Written by David Schollaert

    Hot-rolled (HR) coil prices moved up again in the US this week, while tags abroad were largely flat. The result: the margin US hot band holds over imports on a landed basis widened further.

    SMU’s average domestic HR price this week was $725 per short ton (st), up $25/st vs. the week before. Prices are moving higher due to repeated mill price increases and added threats of tariffs on imports from Mexico and Canada. US hot band prices are at the highest point since mid-June.

    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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