Final Thoughts
February 16, 2023
Domestic HRC’s Competitive Advantage Over Imports Narrows
Written by David Schollaert
Domestic hot-rolled coil (HRC) kept its competitive price advantage over imported steel – now on a 16-week run. However, it has continued to lose momentum over the past four weeks, according to Steel Market Update’s latest foreign vs. domestic price analysis.
US HRC is approximately 2.2% cheaper than foreign prices this week, down from 3.4% last week after consideration of freight costs, trader margins, and any applicable tariffs. US prices have been cheaper than foreign prices for all three regions we follow since the beginning of November. While margins have varied, HRC prices were up across all regions week on week (WoW).
