International Steel Prices
October 16, 2014
SMU Analysis of the Foreign vs. Domestic HRC Price Spread
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 hot rolled 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 ($533 per metric ton) according to data released by SteelBenchmarker on Monday this week. This is unchanged from the price released three weeks ago and also unchanged from the early-September price.
