Asian HR remains much cheaper than US, EU product

Domestic hot-rolled (HR) coil prices fell this week, now down seven of the last eight weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.

The price gap between imports and domestic products was nearly cut in half week on week (w/w).

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.