The US hot-rolled coil (HRC) premium over offshore product declined this past week, as prices abroad moved up while domestic tags declined, according to SMU’s latest foreign vs. domestic price analysis. HRC tags stateside declined $20 per ton vs. the prior week, slipping to their lowest level since mid-February. Domestic prices are now down $290 […]
Sheet prices slipped by $20-25 per ton as hot-rolled coil (HRC) failed to break through the $900 per ton threshold some market participants had predicted it would.
The US hot-rolled coil (HRC) premium over offshore product has changed little over the past few weeks, as both prices abroad and stateside have inched up in tandem recently, according to SMU’s latest foreign vs. domestic price analysis. HRC tags stateside are still down $280 per ton since peaking at $1,160 per ton back in […]
US hot-rolled coil (HRC) remains at a premium to offshore product, even as recent price declines have brought domestic hot band to its lowest mark since mid-February, according to SMU’s latest foreign vs. domestic price analysis. HRC tags stateside are down $285 per ton since peaking at $1,160 per ton back in mid-April, and are […]
Offshore hot-rolled coil (HRC) remains at a discount to domestic product, though the US premium is at its lowest mark in nearly four months, according to SMU’s latest foreign vs. domestic price analysis. Prices for hot band stateside have eroded sharply over the past few weeks, down $115 per net ton so far in June, […]
Offshore hot-rolled coil (HRC) remains at a discount to domestic product, as prices abroad have eroded at a faster pace than tags stateside, according to SMU’s latest foreign vs. domestic price analysis. While prices of both imported and domestic hot band continue to decline, domestic HRC’s declines have not been consistently as sharp as the […]
Hot-rolled coil (HRC) imports remain at a discount to domestic hot band, though the US premium has declined to its lowest margin in over three months, according to SMU’s latest foreign vs. domestic price analysis. While both offshore and US product continue to decline, domestic HRC just saw its sharpest week-on-week (WoW) fall year to date, […]
Hot-rolled coil (HRC) imports remain at a discount to domestic hot band tags as both offshore and US product continue to decline at a similar rate, according to SMU’s latest foreign vs. domestic price analysis. Even as domestic tags have been on a seven-week decline, HRC imports have fallen at a comparable rate, keeping US hot […]
Foreign cold-rolled coil remains much less expensive than domestic CRC even as prices in the US fall roughly in tandem with those abroad, according to SMU’s latest check of the market. Domestic CRC was, on average, $77 per ton ($3.85 per cwt) more expensive than imported steel in the four regions we track as recently as early February. […]
The price spread between hot-rolled sheet and steel plate rose for the sixth consecutive week as hot-rolled prices continued their descent and plate prices remained relatively stable, according to SMU’s price indices published last Tuesday. SMU’s hot-rolled coil index averaged $1,040 per net ton ($52.00 per cwt) in the latest market check on May 16. […]
Hot-rolled coil (HRC) imports are lingering at a notable price discount to domestic hot band tags despite repeated price decreases in the US market, according to SMU’s latest foreign vs. domestic price analysis. Domestic tags are still markedly more expensive than imported product, as both offshore and US steel prices continue to ease. The price advantage domestic […]
Hot-rolled coil (HRC) imports remain a feasible alternative despite repeated price decreases in the US market, according to SMU’s latest foreign vs. domestic price analysis. Domestic tags are still notably more expensive than imported product, as offshore steel prices and US prices decline in tandem. The price advantage domestic HRC had enjoyed over imported material as recently […]
Hot-rolled coil (HRC) imports remain attractive to US buyers despite the current price correction in the domestic market, according to SMU’s latest foreign vs. domestic price analysis. Domestic tags are still significantly more expensive than imported product, namely because offshore steel prices are declining concurrently with US tags. The price advantage domestic HRC had enjoyed over imported […]
Hot-rolled coil (HRC) imports remain attractive, even as US price gains have slowed, according to SMU’s latest foreign vs. domestic price analysis. And while domestic tags continue to inch higher, they remain well behind the targeted base price of $1,300 per ton ($65 per cwt) for HRC issued by Cleveland-Cliffs back on April 3. The price […]
The wide spread between foreign and domestic cold-rolled coil (CRC) prices remains in place despite recent price increases in Europe, according to SMU’s latest check of the market. Domestic CRC was, on average, $77 per ton more expensive than imported steel in the four regions we track as recently as early February. That premium has […]
The appeal for imports of hot-rolled coil (HRC) remains strong even as US price gains have slowed, according to SMU’s latest foreign vs. domestic price analysis. And while we haven’t seen an official mill pricing notice in nearly three weeks, domestic tags continue to inch higher towards the targeted base price of $1,200 per ton […]
Foreign cold-rolled coil’s (CRC) pricing advantage over domestic product widened this past week as US prices rose further in response to continued mill tag hikes, according to Steel Market Update’s latest foreign vs. domestic price analysis of the CRC market. The move continues to widen the gap between US and offshore cold-rolled. Longer lead times […]
The appeal for imports of hot-rolled coil (HRC) continues to grow as US prices move higher in response to repeated mill tag hikes. The price advantage domestic HRC had enjoyed over offshore just last month has swung negative at an accelerated rate, according to SMU’s latest foreign vs. domestic price analysis. The most recent pricing […]
Imports of cold-rolled coil (CRC) extended their pricing advantage over domestic product as US mills continued to drive prices higher, according to Steel Market Update’s latest foreign vs. domestic price analysis of the CRC market. US mills have announced multiple rounds of price increases since the beginning of the year, widening the gap between US […]
Imports of hot-rolled coil (HRC) are becoming more attractive as US mills continue to drive domestic prices higher. The price advantage domestic HRC had enjoyed over offshore hot band as recently as five weeks ago swung negative, mirroring dynamics seen more than a year ago, according to Steel Market Update’s latest foreign vs. domestic price […]
The price advantage domestic cold-rolled coil (CRC) had recently enjoyed over imported steel was short-lived, as US mills continue to drive prices higher, according to Steel Market Update’s latest foreign vs. domestic price analysis of the CRC market. Repeated mill price hikes through February and into March has seen the US CRC price advantage over foreign […]
The price advantage domestic hot-rolled coil (HRC) had enjoyed over offshore hot band has evaporated as US mills drive prices higher, according to Steel Market Update’s latest foreign vs. domestic price analysis. Nucor and ArcelorMittal last week announced a target price $1,150 per ton ($57.50 per cwt) for HRC. Market contacts have told SMU that some […]
Domestic hot-rolled coil (HRC) continues to lose its price advantage over imported steel. The reason: US prices continued to move higher following a wave of domestic mill price hikes that began after Thanksgiving and reached a fever pitch in February with near weekly price increases. US HRC had held a price advantage over foreign hot […]
Domestic hot-rolled coil (HRC) lost its competitive price advantage over imported steel, ending a 16-week run. The turn came as domestic mills continue to drive prices up at a faster clip than mills overseas, according to Steel Market Update’s latest foreign vs. domestic price analysis. US HRC is approximately 3% more expensive than foreign prices […]
Domestic hot-rolled coil (HRC) kept its competitive price advantage over imported steel – now on a 16-week run. However, it has continued to lose momentum over the past four weeks, according to Steel Market Update’s latest foreign vs. domestic price analysis. US HRC is approximately 2.2% cheaper than foreign prices this week, down from 3.4% […]
Domestic hot-rolled coil (HRC) continues its competitive price advantage run over imported steel – now 15 weeks running – though it did lose some momentum week on week (WoW), according to Steel Market Update’s latest foreign vs. domestic price analysis. US HRC is approximately 3.2% cheaper than foreign prices this week, down from 7.4% last […]
Domestic hot-rolled coil (HRC) kept its competitive price advantage run over imported steel – now 14 weeks running – though it did lose momentum week on week (WoW), according to Steel Market Update’s latest foreign vs. domestic price analysis. US HRC is approximately 7% cheaper than foreign prices this week, down slightly from 8% last […]
The domestic hot-rolled coil (HRC) competitive price advantage over imported steel has been on a 13-week run, and it’s been gaining ground over the past week, with foreign HRC prices still largely on the rise, according to Steel Market Update’s latest foreign vs. domestic price analysis. US HRC is approximately 8% cheaper than foreign prices this week, […]
Domestic hot-rolled coil (HRC) competitive price advantage over imported steel continues, gaining ground over the past week as foreign HRC prices accelerated, according to Steel Market Update’s latest foreign vs. domestic price analysis. US HRC is approximately 9% cheaper than foreign prices this week, doubling the roughly 4.5% mark from last week after consideration of […]
Domestic hot-rolled coil (HRC) continues to hold a competitive price advantage over imported steel, though it has declined over the past couple of weeks, according to Steel Market Update’s latest foreign vs. domestic price analysis. US HRC is approximately just 1–8% cheaper than foreign prices this week, after consideration of freight costs, trader margins, and […]