Offerings for Chinese cold rolled coil to the US have declined by approximately $20 /mt since our report last week. Most offers now range from approximately $580 /mt to $630 /mt CFR FO US Gulf and West Coast ports.
Mexican and Indian CRC offers have also decreased by about $20 /mt since last week and are also found at the range of around $580 /mt to $630 /mt, at the US border for Mexican offers, and CFR FO Gulf Coast ports for Indian offers.
Meanwhile, CRC offers from Brazil have dropped by about $80 /mt since last week, with most offers now ranging from $620 /mt to $670 /mt CFR FO Gulf Coast ports.
CRC offers from Turkish mills are still the most aggressive, though most offers have remained stable in the last week at a range of $550 /mt to $600 /mt CFR FO Gulf Coast ports.