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 |