US HR and offshore prices hold steady

Domestic hot-rolled (HR) coil prices were flat this week, a trend mirrored in offshore markets.

Thhe threat of tariffs over the past two months has driven US prices up. However, the reinstatement of undiluted Section 232 tariffs steel last week cut the widening stateside premium over imports on a landed basis by 10 points.

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.