Chinese cold rolled coil (CRC) offers to the US have remained stable since our report last week and continue to range from approximately $580 /mt to $630 /mt CFR FO US Gulf and West Coast ports.
Offerings for Mexican and Indian CRC also remained unchanged since last week and are found also within 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 remained a little higher than those from other sources, though they remained stable from last week's levels at $620 /mt to $670 /mt CFR FO Gulf Coast ports.
Turkish mills CRC offers continue to be the most aggressive, though most offers have remained stable over the last two weeks at a range of $550 /mt to $600 /mt CFR FO Gulf Coast ports.