US HR prices surge ahead of offshore tags

Hot-rolled (HR) coil prices rose further in the US this week, while tags abroad saw minor gains. The result: the margin US hot band holds over imports on a landed basis increased.

SMU’s average domestic HR price this week was $760 per short ton (st), up $35/st vs. the week before and up $75 over the past three weeks. Prices are moving higher due to repeated mill price increases backed by threats of tariffs on imports of steel and aluminum. US hot band prices are at the highest point since May.

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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