North American coil prices hold firm despite global correction Despite a relatively slow end to the

Hot Rolled Coil

Despite a relatively slow end to the summer holiday season, US sheet prices remain robust –
and market sources don’t expect them to cool off in the summer. All over the world coil prices
are trending downward, but the US market is currently not expected to be following this
negative trend.
“Prices continued to hold their ground, as our average hot-rolled coil transactions were slightly
north of $1,900/short ton last week. Cold-rolled and hot-dipped galvanized were seen in a
larger range of $2,100/st to as high as $2,200/st on some small transactions,” says a source
at one top-tier mill.
He adds that relatively thin inventories throughout the sheet supply chain mean pricing should
be insulated from any major near-term shifts.
“With inventories being where they are, I do not see a slowdown of any kind ahead of us for
the fall market,” he says.
Kallanish held its hot-rolled assessment Monday at $1,875-1,900/st, with cold-rolled likewise
remaining at $2,100-2,150/st. All prices are ex-works, domestic mill.
The spread between North American HRC and prices from other key areas such as China,
Black Sea and Europe is widening significantly. Lately European HRC prices have also
corrected downward, while the US index continues to hold firm.
Back in August 2018, when the latest peak of North American HRC prices was reached, the
premium on Chinese and Black Sea HRC export prices reached around $450/t; last week this
was over $1100/t. Compared with North European HRC prices, US HRC are now some $730/t
more expensive, back in August 2018 the premium was half, at $375/t.

نمودار قیمت
Graph of price changes of hot rolled sheets in different parts of the world in recent years

Leave a Comment

Your email address will not be published.

Scroll to Top