International Steel Prices
December 11, 2014
SMU Analysis of World Export Price vs. USA Hot Rolled Index
Written by Brett Linton
The following is a calculation used by Steel Market Update in order to analyze the spread between world hot rolled export prices and domestic (USA) hot rolled prices. SMU compares the world hot rolled export price using a range of adders for freight, handling, trader margin, etc. This is then compared to the spot (FOB Mill) domestic hot rolled price using the SMU Hot Rolled Index average for this week with the result being the spread between domestic and world HRC pricing.
The world export price for hot rolled bands is at $464 per net ton ($512 per metric ton) FOB the port of export according to data released by SteelBenchmarker on Monday of this week. This is down $11 per ton from the price released two weeks ago and down $19 per ton from late-October.
