International Steel Prices
March 16, 2014
Spread Between World & US Hot Rolled Coil Pricing Narrows
Written by John Packard
The spread (variance) between World export prices for hot rolled coil compared to the average for hot rolled coil prices east of the Mississippi based on the Steel Market Update HRC index is shrinking.
World export hot rolled coil (HRC) price is currently $505 per net ton FOB the port of export. When freight, loading and unloading charges and a small margin for the trading company are added the landed price for foreign hot rolled coil is closer to $575 per ton.
