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World hrc steel prices by major market 2017-2020

Projected hrc steel prices worldwide from 2017 to 2020, by major market (in U.S. dollars per metric ton)

World hrc steel prices by major market 2017-2020 The United States is among the markets where hot-rolled coil (hrc) steel prices are highest in the world, with 594.3 U.S. dollars per metric ton as of February 2017. High domestic steel prices are a boon for U.S. steelmakers such as Nucor and United States Steel. In the near-term, apparent steel consumption in the United States is expected to experience further - albeit moderate – growth, fueled by demand from the construction and automotive sectors.
The impact of tariffs

U.S. steelmakers and distributors will likely benefit from the steel tariffs on U.S. imports that came into force in the spring of 2018. U.S. imports from those countries that are subject to the so-called Section 232 tariffs are projected to decline by about 40 percent. However, the impact on China may be less severe than expected since a large part of Chinese steel exports to the United States had already been restricted through antidumping or countervailing duties. China is the largest market for steel on a global scale.
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Projected hrc steel prices worldwide from 2017 to 2020, by major market (in U.S. dollars per metric ton)

U.S.EuropeChina
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The United States is among the markets where hot-rolled coil (hrc) steel prices are highest in the world, with 594.3 U.S. dollars per metric ton as of February 2017. High domestic steel prices are a boon for U.S. steelmakers such as Nucor and United States Steel. In the near-term, apparent steel consumption in the United States is expected to experience further - albeit moderate – growth, fueled by demand from the construction and automotive sectors.
The impact of tariffs

U.S. steelmakers and distributors will likely benefit from the steel tariffs on U.S. imports that came into force in the spring of 2018. U.S. imports from those countries that are subject to the so-called Section 232 tariffs are projected to decline by about 40 percent. However, the impact on China may be less severe than expected since a large part of Chinese steel exports to the United States had already been restricted through antidumping or countervailing duties. China is the largest market for steel on a global scale.
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