With Chinese mills on holiday this week for the Lunar New Year, Chinese cold rolled coil (CRC) offers to the US have not moved since last week, with most offers still ranging from about $580 /mt to $630 /mt CFR FO US Gulf and West Coast ports.
CRC offerings to the US from Mexico have also remained mostly stable over the last week, with most offers continuing to range from $580 /mt to $630 /mt, at the US border.
CRC offers from India have also trended sideways with most offers still ranging from about $550 /mt to $600 /mt CFR FO Gulf Coast ports. Offers from Turkish mills are found at the same range.
Offers from Brazil are also unchanged from last week, with most offers now ranging from $600 /mt to $630 /mt CFR FO Gulf Coast ports.