SteelOrbis has learned that import cold rolled coil (CRC) offers to the US from India have remained stable over the last week, with most offers continuing to range from about $530 /mt to $550 /mt CFR FO US Gulf Coast ports.
Competitive CRC offers from China to the US are also still ranging from about $530 /mt to $550 /mt CFR FO US Gulf ports. However, only second-tier mills are offering at these competitive levels, while larger mills remain out of the market.
Meanwhile, Brazilian CRC offers for the US have remained since last week at a range of $500 /mt to $520 /mt CFR FO US Gulf ports.