International Steel Prices
September 11, 2014
Foreign vs. Domestic HRC Price Spread Widens
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 prices. Actual HRC price spreads can vary based on freight costs, trader margins and other factors. SMU compares the world export price with adders 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 $484 per net ton ($534 per metric ton) according to data released by SteelBenchmarker earlier this week. This is is $19 per ton lower compared to two weeks ago and $16 per ton lower than mid-August.
