Price gap between US CR, most imports widens
Cold-rolled (CR) coil prices ticked lower in the US this week, while prices in offshore markets mostly diverged and ticked higher.
Category: International Steel Prices
CRU Outlook: Global steel sheet prices set to rise, but the near-term uptrend will be limited
Sheet prices are expected to increase in the coming weeks in most markets. However, rising domestic capacity in the US, subdued demand in Europe, and high inventory levels in China and India will limit price near-term uptrend.
Some Asian HR prices theoretically lower than US HR tags despite 50% S232 tariff
Domestic hot-rolled (HR) coil prices ticked down this week after holding flat since mid-August. Offshore prices largely all moved higher week over week (w/w), widening the margin between stateside and foreign product.
CR import price gap widens with US
Cold-rolled (CR) coil prices ticked lower in the US this week, while prices in offshore markets diverged and ticked higher.
Spread between US HRC, imports widens
Domestic hot-rolled (HR) coil prices were flat this week for a third straight week. Offshore prices all moved higher w/w, widening the margin between stateside and foreign product.
Spread between US HRC and imports holds
Domestic hot-rolled (HR) coil prices were flat this week, while offshore prices varied week over week (w/w). The price margin between stateside and foreign product was little changed as a result.
Spread between US HRC and imports widens on S232
HRC prices in the US eroded further last week, while offshore prices varied week over week (w/w), widening the price margin between stateside and foreign product.
CR import price gap widens with US
Cold-rolled (CR) coil prices continued to decline in the US this week, while prices in offshore markets diverged and ticked higher.
S232 widens the spread between US HRC and imports
Hot-rolled (HR) coil prices in the US declined again last week, while offshore prices ticked higher again week over week (w/w).
US HR prices and imports diverge, 50% S232 drives the gap
Hot-rolled (HR) coil prices in the US declined again last week, while offshore prices increased week over week (w/w).
50% S232 keeps EU import HR prices above US tags
Hot-rolled (HR) coil prices in the US edged lower again this week, while offshore price were little changed. Stateside prices continue to trail imports from Europe, supported by Section 232 steel tariffs.
US CRC prices dip, widening gap vs. imports
Cold-rolled (CR) coil prices continued to decline in the US this week, while prices in offshore markets ticked higher.
US HR prices remain sharply higher than EU HR on 50% S232
Hot-rolled (HR) coil prices in the US edged lower again this week but have remained in a tight band for roughly four months. Stateside prices continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.
CRC price declines tighten US vs. EU gap
Cold-rolled (CR) coil prices continued to tick lower in the US this week, with a similar trend seen in offshore markets.
CRU Outlook: Near-term regional steel price trends will diverge
Chinese steel export prices are expected to rise and support prices across most of Asia in the coming month. In Europe, buyers are likely to frontload import orders ahead of CBAM imposition, while new trade agreements are likely to emerge in the US. Steel prices in the APAC are expected to rise, except in India […]
US, EU HR prices decline, doubled S232 tariffs maintain the gap
Stateside prices continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.
S232 tariffs keep US HR prices below imports from EU
Hot-rolled (HR) coil prices in the US ticked down this week but have fluctuated little over the past month. Stateside tags continue to trail imports from Europe, supported by Section 232 steel tariffs that were doubled in early June.
Doubled S232 tariff holds US HR prices below EU
David Schollaert presents this week's analysis of hot-rolled coil prices, foreign vs. domestic.
Higher US CR prices inch closer to EU, Japanese tags
US cold-rolled (CR) coil prices continued to tick higher this week, while offshore markets were mixed.
Stacked S232 keeps US HR prices below EU
US hot-rolled coil prices crept up again this week but still trail imports from Europe.
Doubled S232 lifts EU, Japanese CR prices over US tags
US cold-rolled (CR) coil prices edged up again this week, and most offshore markets moved in the opposite direction. But the diverging price moves stateside vs. abroad did little to impact pricing trends. The bigger impact was from Section 232, which were doubled to 50% as of June 3. The higher tariffs have resulted in […]
CRU: Sheet demand remains weak, tariff changes again alter markets
Subdued demand has continued to weigh on steel sheet prices globally.
Higher S232 keeps US HR prices at a discount to EU
Domestic hot-rolled (HR) coil prices edged up marginally again this week, while offshore prices ticked down.
Doubled S232 drives EU HR price over US, Asian HR still behind
Domestic hot-rolled coil prices edged up marginally this week, while offshore prices ticked down.
US and offshore HRC prices tick lower
Domestic hot-rolled coil prices moved lower again, maintaining the downward move seen in eight of the last 10 weeks.
US and offshore HRC prices tick lower
The threat of tariffs over the past two months has been a springboard for US prices. But the Section 232 reinstatement on March 13 narrowed the domestic premium over imports on a landed basis.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
US HR prices rising faster than offshore tags
Hot-rolled (HR) coil prices continued to rally in the US this week, quickly outpacing price gains seen abroad. The result: US hot band prices have grown widely more expensive than imports on a landed basis. The premium US HR tags carry over HR prices abroad now stands at a 14-month high. SMU’s average domestic HR […]
US HR price premium over imports widens
Hot-rolled (HR) coil prices were flat in the US this week, while tags in offshore markets were mostly down.
US HR price premium over imports edges up
The price premium between stateside hot band and landed imports widened slightly this week.