Chinese cold rolled coil (CRC) offers to the US have increased by approximately $20/mt since last week, with most offers now ranging from $580 /mt to $630 /mt CFR FO US Gulf and West Coast ports.
Offerings for Mexican and Indian CRC have also risen by about $20/mt in the last week, with most offers from these sources now ranging from $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 in most cases higher than those from other sources, though the upper end of Brazilian mills' previously offered price range decreased by about $30/mt, narrowing the range to $600 /mt to $630 /mt CFR FO Gulf Coast ports and putting Brazilian CRC offers to the US closer to those of other import CRC sources .
Turkish mills' CRC offers continue to be the most aggressive, remaining since last week at a range of about $550 /mt to $600 /mt CFR FO Gulf Coast ports.