International Steel Prices
July 31, 2014
World Export vs. Domestic HRC Price Spread Increases $11 per ton
Written by Brett Linton
The following is a “hypothetical” calculation of the spread between world hot rolled export prices and domestic (USA & Canada) hot rolled pricing. Actual HRC price spreads can vary based on freight costs, trader margins and other factors. SMU compares the world export price with an adder for freight, handling, trader margin, etc. against the spot (FOB Mill) domestic hot rolled price using the SMU Hot Rolled Index for this week.
The world export price for hot rolled bands is at $500 per net ton ($551 per metric ton) according to data released by SteelBenchmarker earlier this week. This puts the world export price as being $6 per ton lower compared to two weeks ago and $4 per ton lower when compared to late-June.
