International Steel Prices
May 21, 2023
Cold-Rolled Imports Still Cheaper Than Domestic Product
Written by David Schollaert
Foreign cold-rolled coil remains much less expensive than domestic CRC even as prices in the US fall roughly in tandem with those abroad, according to SMU’s latest check of the market.
Domestic CRC was, on average, $77 per ton ($3.85 per cwt) more expensive than imported steel in the four regions we track as recently as early February. That premium ballooned to $413 per ton by mid-April, though it has declined more recently to $362 per ton on average.
