Prices, order activity and inquiries within the US domestic cold rolled coil (CRC) markets may have held steady since our last report a week ago, at $30.00-$32.00 cwt. ($661-$705/mt or $600-$640/nt) but sources close to SteelOrbis say that if someone wants to book a larger order “there are deals to be had.”
The price stability, however, may be temporary, as US domestic scrap costs are expected to downtrend once mills’ start making their March buys. If mills’ input costs decrease, spot prices could falter once again.
In terms of import offer prices, those too have remained stable, although Chinese producers are expected to come back with new numbers once they return from the Chinese New Year holiday.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic | ||||
| Ex-Midwest mill | ||||
| CRC | $30-$32 | $661-$705 | $600-$640 | neutral with rumors of deals |
| Brazil* | ||||
| CRC | $28-$29 | $617-$639 | $560-$580 | neutral with rumors of deals |
| Russia* | ||||
| CRC | $26-$28 | $573-$617 | $520-$560 | neutral with rumors of deals |
| China* | ||||
| CRC | $27-$29 | $595-$639 | $540-$580 | neutral |
| *DDP loaded truck in US Gulf ports | ||||