In terms of market happenings, it’s been a relatively uninteresting seven days for the US domestic and import cold rolled coil (CRC) markets, as domestic prices have held at approximately $38.00-$39.00 cwt. ($837-$860/mt or $760-$780/nt) ex-Midwest mill despite a $1.25 cwt. ($28/mt or $25/nt) price increase announced by California Steel Industries.
Futures offer prices from India and China have also trended sideways, but trader sources continue to report some Chinese mills are trying to push prices up by as much as $2.00 cwt. ($22/mt or $20/nt), although deal making continues to run rampant based on how many tons a buyer is wanting to book. “Everything is pretty much on par with where it was last week,” according to one Midwest service center. And while some continue to report hearing rumblings of a potential trade case filing, the whispers aren’t nearly as loud as they were one month ago.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic | ||||
| Ex-Midwest mill | ||||
| CRC | $38.00-$39.00 | $837-$860 | $760-$780 | neutral |
| China* | ||||
| CRC | $31.00-$32.00 | $684-$706 | $620-$640 | neutral |
| India* | ||||
| CRC | $34.00-$35.00 | $750-$771 | $680-$700 | neutral |
| *DDP loaded truck in US Gulf ports | ||||