International Steel Prices
September 1, 2022
Little Appeal to Buy Foreign Hot-Rolled Steel over Domestic
Written by Brett Linton
The temptation to purchase foreign hot-rolled coil (HRC) at a discount over domestic steel remains minimal. Adjusted foreign prices now offer little advantage over domestic steel, according to Steel Market Update’s (SMU) latest analysis.
After taking freight costs, trader margins, and tariffs into consideration, foreign HRC prices for the three regions covered in this analysis offer a 1-3% potential discount to US HRC. The appeal for cheaper imports has been shrinking since May.
