US CRC holding steady

Friday, 22 May 2015 00:37:25 (GMT+3)   |   San Diego

The US domestic cold rolled coil (CRC) market has been relatively steady in the days leading up to the Memorial Day holiday weekend, with prices continuing to trend at approximately $28-$29 cwt. ($617-$639/mt or $560-$580/nt), ex-Midwest mill.  Industry insiders wonder if all the recent trade case chatter was little more than the market crying wolf, and others are starting to question was actually in the works.

 

  Cwt. Metric Ton (mt) Net ton (nt) Change from last week
US domestic        
Ex-Midwest mill        
CRC $28-$29 $617-$639 $560-$580 neutral 
         
Brazil*        
CRC $25-$27 $551-$595 $500-$540 neutral 
         
India*        
CRC $28-$29 $617-$639 $560-$580 neutral 
         
Russia*        
CRC $25-$27 $551-$595 $500-$540 neutral 
         
China*        
CRC $25-$27 $551-$595 $500-$540 neutral with deals
         
*DDP loaded truck in US Gulf ports

 


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