The temptation to purchase foreign hot-rolled coil (HRC) at a bargain remains low, with adjusted foreign prices now within $40 per ton of domestic steel, according to Steel Market Update’s latest analysis. For the past three months, the potential discount on imported products has been shrinking. After taking freight costs, trader margins and tariffs into […]
The appeal to purchase foreign hot-rolled coil (HRC) further faded this week, with foreign prices now in close quarters to domestic steel, according to Steel Market Update’s latest analysis. Since mid-May, US steel prices have generally declined at a faster rate than foreign prices, meaning the potential discount on imported products has been shrinking for […]
Steel Market Update sources expect ferrous scrap prices to weaken further in August, potentially registering the fourth consecutive month of declines since March and April’s record high prices. Obsolete grades are anticipated to decrease around $30 per gross ton over July, while prime scrap is expected to ease marginally. “Despite what I think is slightly […]
Foreign hot-rolled steel imports have all but lost their appeal this week and are now at levels comparable to domestic steel prices, according to Steel Market Update’s latest analysis. Since mid May, US steel prices have generally declined at a faster rate than foreign prices, meaning the potential discount on imported products has been shrinking […]
The appeal to import cheaper foreign hot-rolled coil (HRC) instead of domestic steel continues to lessen, according to Steel Market Update’s latest foreign versus domestic price comparison. For the past two months, domestic steel prices have generally declined at a faster rate than foreign prices, meaning the potential discount on imported products has been shrinking. After […]
Sheet steel prices declined last week for the eleventh week in a row, while plate prices have remained relatively stable in comparison, according to SMU’s price indices published last Tuesday. Plate prices typically carry a premium over hot rolled prices because plate is a value-added product and requires more time on the mill. SMU’s hot […]
Steel Market Update sources expect ferrous scrap prices to fall again in July, the third consecutive month of declines since March and April’s record high prices. Both prime and obsolete grades are expected to decrease $50 per gross ton or more, with some saying prime could fall as much as $100 per ton. “The swiftness […]
The appeal of foreign hot rolled coil (HRC) over domestic steel is slowly diminishing, according to SMU’s latest foreign versus domestic HRC price comparison. Between mid-April and late May, foreign steel prices generally declined at a faster rate than domestic prices, resulting in greater potential discounts on imported products. Now, domestic prices are declining at a faster […]
The temptation to purchase foreign hot rolled coil (HRC) over domestic steel is beginning to ease, according to SMU’s latest foreign versus domestic HRC price comparison. Foreign products now hold potential discounts of 9-15% over domestic steel, versus savings of 12-26% one month ago. Between mid-April and late May, foreign steel prices generally declined at […]
Steel Market Update sources report ferrous scrap prices declined from May to June, dropping further from the record high prices seen in March and April. Prime grades declined between $55-75 per gross ton, with obsolete grades down $50-70 per ton. This puts the SMU price indices for scrap as follows: Busheling scrap at $600-670 per […]
The temptation to purchase foreign hot rolled coil (HRC) over domestic steel remains high, but imports are not as competitive as they had been, according to SMU’s latest foreign versus domestic HRC price comparison. Between mid-April and late May, foreign steel prices generally declined at a faster rate than domestic prices, resulting in greater potential discounts on imported […]
The temptation to purchase foreign hot rolled over domestic steel remains high, according to SMU’s latest foreign versus domestic hot-rolled coil (HRC) price comparison. Since mid-April, foreign steel prices have declined at a faster rate compared to domestic prices, resulting in greater potential discounts on imported products. Select foreign prices now range between $119-238 per […]
Sheet steel prices continue to decline from the March/April bump, while plate prices are easing at a slower rate, according to SMU’s price indices published last Tuesday. Plate prices typically carry a premium over hot rolled prices because plate is a value-added product and requires more time on the mill. Hot rolled coil averaged $1,255 per ton […]
The temptation to purchase foreign hot rolled over domestic steel remains high, according to SMU’s latest foreign versus domestic hot-rolled coil (HRC) price comparison. Select foreign HRC prices range from $164-364 per ton cheaper than domestic prices, after taking freight costs, trader margins and tariffs into consideration. The price differentials between domestic HRC and foreign import […]
Sheet steel prices are moving downwards after the March/April bump, while plate prices continue to hold their ground, according to SMU’s price indices published each Tuesday. Plate prices typically carry a premium over hot rolled prices because plate is a value-added product and requires more time on the mill. Hot rolled coil averaged $1,350 per ton ($67.50 per cwt) this week and has […]
Foreign steel imports continue to hold a competitive price advantage over domestic steel, albeit at a slightly lesser potential discount this week compared to last. According to SMU’s latest foreign versus domestic hot-rolled coil (HRC) price comparison, select foreign HRC prices range from $92-345 per ton ($4.6-$17.25 per cwt) cheaper than domestic prices, after taking […]
Foreign steel imports continue to hold a competitive price advantage over domestic steel, with the spread between the two widening nearly every week since mid-March. According to SMU’s latest foreign versus domestic hot-rolled coil (HRC) price comparison, select foreign HRC prices range from $114-375 per ton cheaper than domestic prices, after taking freight costs, trader margins […]
Foreign import prices are gaining a greater competitive advantage over domestic steel this week, according to SMU’s latest foreign versus domestic hot-rolled coil (HRC) price comparison. Select foreign HRC prices range from $60-351 per ton cheaper than domestic prices, after taking freight costs, trader margins and tariffs into consideration. Recall that the price differentials between […]
The competitive advantage import prices hold over domestic steel has increased this week, according to SMU’s latest foreign versus domestic hot-rolled coil (HRC) price comparison. Select foreign HRC prices range from $47-335 per ton cheaper than domestic prices, after taking freight costs, trader margins and tariffs into consideration. Recall that the price differentials between domestic […]
The competitive advantage foreign import prices hold over domestic steel is relatively unchanged from our previous update, with most prices moving just $10-$20 from last week, according to SMU’s latest foreign versus domestic hot-rolled coil (HRC) price comparison. Select foreign HRC prices range from $305 per ton cheaper than domestic prices to $27 per ton more expensive, […]
Foreign import prices are slowly gaining back their competitive advantage over domestic steel, according to SMU’s latest foreign versus domestic hot rolled steel price comparison. Select foreign HRC prices range between $327 per ton cheaper than domestic prices to $46 per ton more expensive, after taking freight costs, trader margins and tariffs into consideration. Recall that the price differentials between […]
Steel prices around the globe continue to surge in response to the war in Ukraine, and the brief competitive advantage domestic prices held over foreign steel in early-March has faded, according to SMU’s latest foreign versus domestic hot rolled steel price comparison. Select foreign HRC prices range anywhere from $267 per ton cheaper than domestic prices […]
Sheet prices saw their biggest week-over-week gains – and by a wide margin – since Steel Market Update’s foundation in 2008. Case in point: SMU’s average hot-rolled coil price jumped to $1,260 per ton this week ($63 per cwt), up $210 per ton (20%) from $1,050 per ton last week. That is more than double […]
Last year when hot rolled coil prices in the U.S. surged to record highs, foreign steel was hundreds of dollars cheaper, and import orders skyrocketed. Now that U.S. steel prices have come back to earth, foreign steel has lost that competitive advantage. Foreign HRC prices are now approximately $45-108 per ton more expensive than domestic steel, […]
Foreign steel imports from the three regions tracked by Steel Market Update have nearly lost their price advantage over domestic steel, according to our latest foreign versus domestic hot rolled steel price comparison. Foreign HRC prices are now theoretically just $7-80 per ton cheaper than domestic steel, after taking freight costs, trader margins and tariffs […]
Hot rolled imports continue to tempt U.S. buyers with potential discounts of 14-23% over domestic prices, according to Steel Market Update’s latest foreign versus domestic price comparison. Foreign hot rolled steel prices are now theoretically $177-283 per ton cheaper than domestic steel, after taking freight costs, trader margins and tariffs into consideration. However, this foreign […]
As we enter the fifth month of declining domestic steel prices, hot rolled imports continue to tempt U.S. buyers with potential discounts of 26-34%, according to Steel Market Update’s latest foreign versus domestic price comparison. Foreign hot rolled steel prices are now theoretically $365-490 per ton cheaper than domestic steel, after taking freight costs, trader […]
As we enter the fifth month of declining domestic steel prices, hot rolled imports continue to tempt U.S. buyers with potential discounts of 26-34%, according to Steel Market Update’s latest foreign versus domestic price comparison. Foreign hot rolled steel prices are now theoretically $365-490 per ton cheaper than domestic steel, after taking freight costs, trader […]
Even after a 20% decline in U.S. hot rolled coil prices over the past four months, imports still offer buyers a tempting price advantage with potential discounts of 31-38%, according to Steel Market Update’s latest foreign versus domestic price comparison. Foreign hot rolled steel prices are now theoretically $483-583 per ton cheaper than domestic steel, […]
The temptation to purchase foreign hot rolled remains high, with potential discounts of 22-40% compared to domestic steel. However, U.S. HRC prices are now declining at a greater rate than foreign prices, narrowing the gap, according to Steel Market Update’s latest domestic and foreign steel price comparison. Foreign hot rolled steel prices are now theoretically $373-673 per ton cheaper […]