Gap between US HR and landed import prices starts to narrow

SMU’s average price for domestic hot-rolled (HR) coil was $795 per short ton (st) this week, up $10/st week on week (w/w). The move was different in offshore markets last week, as prices ticked down marginally.

The dynamic narrowed the price gap between stateside hot band and offshore product, on a landed basis. Still, with the 50% Section 232 tariffs, imports remain much more expensive than domestic material.

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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