Domestic CRC prices surge ahead of imports

US cold-rolled (CR) coil prices rose again this week, rising at a faster clip and pulling ahead of offshore prices. The price spread between stateside-produced CR and imports reached its widest margin in over a year in the week ended Feb. 28.

Despite week-over-week (w/w) price gains in overseas markets, they did not match the rally in domestic prices. The result? The US premium over imports widened for a third straight week.

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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