Cheaper foreign hot rolled steel imports continue to tempt U.S. buyers over steel produced domestically, holding potential discounts of 25-43%, according to Steel Market Update’s latest foreign versus domestic hot rolled steel price comparison. Foreign hot rolled steel prices are now theoretically $483-832 per ton cheaper than domestic steel, after taking freight costs, trader margins […]
As domestic hot rolled steel prices remain above $1,900 per ton, cheaper foreign steel imports continue to tempt U.S. buyers with potential discounts of 21-44%, according to Steel Market Update’s latest foreign versus domestic hot rolled steel price comparison. Foreign hot rolled steel prices are now theoretically $408-843 per ton cheaper than domestic steel, after taking freight costs, […]
Foreign steel imports continue to entice U.S. buyers with potential discounts of 17% to 42%, according to Steel Market Update’s latest foreign versus domestic hot rolled steel price comparison. With domestic hot rolled averaging $1,950 per ton last week, foreign prices are theoretically $330 to $830 per ton cheaper than domestic prices after taking freight costs, trader […]
As domestic hot rolled steel prices surpass $1,900 per ton, foreign steel imports continue to tempt U.S. buyers, according to Steel Market Update’s latest foreign versus domestic hot rolled steel price comparison. While domestic prices rise week after week, foreign prices have remained steady or declined, holding potential discounts of 16% to 44% after taking freight […]
As domestic hot rolled steel prices climb upwards of $1,900 per ton, foreign steel imports continue to tempt U.S. buyers, according to Steel Market Update’s latest foreign versus domestic hot rolled steel price comparison. While domestic prices have risen week after week, foreign prices have remained steady to down, holding potential discounts of 13% to 40% after taking […]
The incentive to purchase hot rolled steel imports over steel produced domestically continues to grow, according to Steel Market Update’s latest foreign versus domestic hot rolled steel price comparison. As domestic prices soar higher, foreign prices are flat or declining, holding potential discounts of 11% to 27% after taking freight costs, trader margins and tariffs […]
Steel Market Update’s latest analysis of foreign and domestic steel prices shows a growing attraction for foreign imports across the board. After taking freight costs, trader margins and tariffs into consideration, foreign prices now hold potential discounts of 8% to 38%. The spread between domestic HRC and foreign imports has surged since late-May, reaching record highs in favor of foreign HRC producers in Far […]
The latest spread between foreign and domestic steel prices shows an increasing attraction for foreign imports, according to our most recent foreign versus domestic hot rolled steel price comparison. The price differentials (after taking freight costs, trader margins and tariffs into consideration) between domestic HRC and foreign imports had surged from February to March of […]
As steel prices around the globe surge in response to the war in Ukraine, the brief competitive advantage domestic prices held over foreign steel has flattened, according to SMU’s latest foreign versus domestic hot rolled steel price comparison. Select foreign HRC prices are anywhere from $138 per ton cheaper than domestic prices to $74 per ton […]
The spread between foreign and domestic steel prices has changed direction again since our last update, according to our latest foreign versus domestic hot rolled steel price comparison. The price differentials (after taking freight costs, trader margins and tariffs into consideration) between domestic HRC and foreign imports had surged from February to March of this year, reaching record […]
Foreign steel imports from two of the three regions tracked by Steel Market Update are losing their price advantage over domestic steel, according to our latest foreign versus domestic hot rolled steel price comparison. The price differentials between domestic HRC compared to foreign imports had surged through February and March to reach record highs in […]
Some foreign steel imports are slowly losing their price advantage over domestic steel, according to Steel Market Update’s latest foreign versus domestic hot rolled steel price comparison. The price differentials between domestic HRC compared to foreign imports had surged through February and March to reach record highs in favor of foreign producers. Those spreads have […]
By CRU Chief Economist Jumana Saleheen and Principal Economist Alex Tuckett from CRU’s Global Economic Outlook This month has seen strong signs that the speed of the recovery in the global industrial sector is feeding through to costs throughout the supply chain. Although this does present a risk to our forecast, our baseline case remains […]
By CRU Chief Economist Jumana Saleheen and CRU Head of Fertilizers Chris Lawson, from CRU’s Steel Monitor Commodity prices have continued an upwards tear in 2021. Steel and its raw materials have seen the sharpest gains, but less well-known commodities such as fertilizers are also attracting attention. With such steep price rises, calls for a […]
Foreign hot rolled steel prices remain attractive compared to steel sourced domestically, albeit at a lesser potential discount than 1-2 months ago, as foreign import prices are now increasing at a greater rate than domestic prices. U.S. buyers continue to place orders for foreign material despite long lead times for delivery. Foreign prices still hold potential […]
The temptation to purchase foreign hot rolled over domestic steel remains high, although at a lesser potential discount compared to previous weeks. U.S. buyers continue to place orders for foreign material despite long lead times for delivery. Since mid-March, foreign steel prices have begun to increase at a greater rate than domestic prices, yet foreign prices […]
The temptation to purchase foreign hot rolled over domestic steel remains high, as more U.S. buyers place orders for foreign material despite long lead times for delivery. Since mid-March, foreign steel prices have begun to increase at a greater rate compared to domestic prices, yet foreign prices still hold potential discounts of 10-24%, according to […]
The temptation to purchase hot rolled steel imports over steel produced domestically continues to grow, as more U.S. buyers place orders for foreign material despite long lead times for delivery. As domestic prices soar higher, foreign prices hold potential discounts of 11% to 27%, according to Steel Market Update’s latest foreign versus domestic hot rolled […]
Foreign hot rolled steel imports continue to tempt U.S. buyers as domestic prices soar, offering potential discounts of 10% or more, according to Steel Market Update’s latest foreign versus domestic hot rolled steel price comparison. Foreign HRC prices are theoretically $154-$323 per ton cheaper than domestic steel prices at this time. Recall that domestic mills […]
As domestic hot rolled steel prices continue to soar upwards of $1,200 per ton, foreign steel imports continue to tempt U.S. buyers with potential discounts of 10% or more, according to Steel Market Update’s latest foreign versus domestic hot rolled steel price comparison. Foreign HRC prices are theoretically $131-$373 per ton cheaper than domestic steel […]
Foreign steel continues to grow cheaper compared to steel made in the U.S., according to Steel Market Update’s latest foreign vs. domestic hot rolled steel price comparison, tempting buyers to consider purchasing imported steel. With U.S. HRC prices now at $1,150 per ton or higher, foreign HRC prices are theoretically $83-$323 per ton cheaper than […]
Foreign steel from almost anywhere else in the world is now cheaper than steel made in the U.S., according to Steel Market Update’s latest foreign vs. domestic hot rolled steel price comparison, tempting more and more buyers to consider ordering imports. With U.S. HRC prices now over $1,100 per ton, foreign HRC prices are theoretically […]
This report is an analysis of Bureau of Labor Statistics (BLS) data and is intended to provide subscribers with a view of the competitive positions of sheet steel, aluminum, plastic and wood. The analysis includes some downstream products and a comparison of truck and rail transportation. On Jan. 15, the BLS released its series of […]
Steel Market Update’s latest foreign vs. domestic hot rolled steel price comparison shows that foreign producers continue to hold a price advantage over domestic HRC. With U.S. HRC prices now over $1,000 per ton, foreign HRC prices are theoretically between $10-$171 per ton cheaper than domestic steel prices. Recall that the price differentials between domestic […]
Steel price levels are in uncharted territory these days. The current prices, especially in an economy where interest rates are near zero and inflation remains low, are truly remarkable. How did this happen and when will it end? The short answer is that nobody really knows—but we can analyze the events surrounding the spike and […]
Steel Market Update is pleased to announce that veteran steel reporter Michael Cowden has become the newest member of the Steel Market Update team. Michael has joined SMU as Senior Editor where he will bring his experience reporting on flat rolled and plate markets, steel pricing, news and steel-related human-interest stories. “Michael Cowden is well respected within […]
Steel Market Update is pleased to announce that on Jan. 4, 2021, Michael Cowden will become the newest member of the Steel Market Update team. Michael will join SMU as Senior Editor where he will bring his experience reporting on flat rolled and plate markets, steel pricing, news and steel-related human-interest stories. “Michael Cowden is […]
Steel Market Update is pleased to announce that on Jan. 4, 2021, Michael Cowden will become the newest member of the Steel Market Update team. Michael will join SMU as Senior Editor where he will bring his experience reporting on flat rolled and plate markets, steel pricing, news and steel-related human-interest stories. “Michael Cowden is […]
Recently we were asked how we can produce our flat rolled and plate price indices when there are limited transactions either due to high prices or a holiday period like we are in now. In both scenarios there continue to be transactions (although few and far between), but we are careful not to overheat or […]
Steel Market Update’s latest foreign vs. domestic hot rolled steel price comparison shows that, with U.S. HRC prices nearing $1,000 per ton, foreign imports theoretically have become cheaper than domestic steel prices. U.S. producers have lost their price advantage over HRC imports from Far East Asia by over $100 per ton, and imports from Germany […]