The most commonly reported spot price transaction range for US domestic cold rolled coil (CRC) has ticked down since out last report a week ago, with prices trending down $1.00 cwt. ($22/mt or $20/nt) to $31.00-$33.00 cwt. ($683-$727/mt or $620-$660/nt) ex-Midwest mill. This, according to sources, has turned up the volume on trade case chatter.
“The rumors are still alive and well, and if anything, they’re growing louder,” according to SteelOrbis sources, citing speculation that a filing could come after the close of the first quarter. “Prices are falling and the idea is that if mills hold out until April, they’ll have a stronger case than if they filed after the end of 2014,” said one source. In terms of orders and inquiries, activity within the marketplace is described as bland, with only “selective buying” takin
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic | ||||
| Ex-Midwest mill | ||||
| CRC | $31-$33 | $683-$727 | $620-$660 | down $1.00 |
| Brazil* | ||||
| CRC | $29-30 | $639-$661 | $580-$600 | neutral |
| Russia* | ||||
| CRC | $29-30 | $639-$661 | $580-$600 | neutral |
| China* | ||||
| CRC | $28-30 | $617-$661 | $560-$600 | neutral |
| India* | ||||
| CRC | $31-$33 | $683-$727 | $620-$660 | neutral |
| *DDP loaded truck in US Gulf ports | ||||
g place until buyers start to feel confident that prices have bottomed out.