Final Thoughts
March 14, 2018
Final Thoughts
Written by John Packard
I went out and looked around to see what I could find regarding foreign steel offers into the U.S. market. I did learn that the Mexican mills are offering to some of their core U.S. customers, but they do not have a lot of steel to sell. The pricing on hot rolled is being referenced in the $840-$880 range delivered into the Texas market.
We also learned that Turkish cold rolled offers are out there. We heard Turkish cold rolled being offered at $990-$1,000 per ton including all extras and all duties. To put this into perspective, we are hearing that domestic hot rolled offers range from a low of $42.50/cwt ($850 per ton) to as high as $45.00/cwt ($900 per ton). Add another $100-140 per ton to get to domestic cold rolled/coated base pricing.
