Chinese cold rolled coil (CRC) offers to the US have decreased by approximately $20 /mt in the last two weeks, with most offers now ranging from $560 /mt to $610 /mt CFR FO US Gulf and West Coast ports.
Offerings for Mexican and Indian CRC are also $20 /mt lower than their levels two weeks ago, and are also found also within the range of around $560 /mt to $610 /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 also dropped by about $20 /mt in the last two weeks, with most offers ranging from $600 /mt to $650 /mt CFR FO Gulf Coast ports.
Turkish mills CRC offers continue to be the most aggressive, though most offers have remained stable since our last report posted December 12, at a range of $550 /mt to $600 /mt CFR FO Gulf Coast ports.