Steel Products Prices North America
April 20, 2014
Domestic vs. World Export Hot Rolled Price Spread Widens
Written by Brett Linton
The spread between the world hot rolled export price and the SMU USA HR price has widened since our last update by $39 per net ton (NT). The current spread is at the highest level since our data history began at the start of 2012.
Based on the latest SteelBenchmarker price report, the world HR price is $500 per net ton (NT). The spread between the world HR price and the latest Steel Market Update hot rolled price FOB Domestic mill east of the Rockies is $170 per ton. When taking freight, handling and trader’s margin into account (approximately $70 per ton) the spread is reduced to $100 per ton. In late March the spread between world export pricing and SMU indexed pricing was $131 total or $61 including freight and trader’s costs/margin.
