US import HRC from Korea, Vietnam and Egypt becomes increasingly attractive

SteelOrbis has learned that traders are offering US import HRC from Korea, Vietnam, and Egypt at approximately $78 cwt. ($1,720/mt or $1,560/nt), DDP loaded truck in US Gulf coast ports. Import offers are becoming increasingly attractive, sources note, “especially in that domestic HRC prices are hovering at $88-$92 cwt. ($1,940-$2,028/mt or $1,760-$1,840/nt), FOB mill."