Final Thoughts
September 30, 2021
Final Thoughts
Written by Tim Triplett
Steel Market Update’s foreign versus domestic price analysis elsewhere in this issue shows hot rolled imports still anywhere from $400 to $800 per ton cheaper than prices in the U.S., depending on the country of origin. The potential cost advantage remains very tempting to buyers willing to take on the risks of a long and uncertain supply chain and deliveries that extend into next year. Indeed, only 30% of those polled by SMU this week said the reward is not worth the risk of ordering foreign steel.
