and offshore cold rolled is raising some eyebrows. Trader sources tell SteelOrbis that there has been a lot of interest in booking futures, and at this point, if US prices hold strong, this is likely to continue. For now, the most commonly reported ex-Midwest mill transaction range is unchanged in the past week and remains in the approximate range of $38.00-$40.00 cwt. ($838-$882/mt or $760-$800/nt). In terms of prices from Indian mills, they have also held sideways since our last report, although based on the price gap between Indian and Chinese material, interest in bookings out of this country is trending light.
Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
US domestic | ||||
Ex-Midwest mill | ||||
CRC | $38.00-$40.00 | $838-$882 | $760-$800 | neutral |
China* | ||||
CRC | $32.00-$34.00 | $706-$750 | $640-$680 | neutral |
India* | ||||
CRC | $35.00-$36.00 | $771-$794 | $700-$720 | neutral |
*DDP loaded truck in US Gulf ports |