Import CRC offers for the US

SteelOrbis has learned China's cold rolled coil (CRC) import offers for the US are still offered at a minimum of $700/mt CFR FO in US Gulf ports. Indian CRC offers for the US also remain at a minimum of $700/mt CFR FO in US Gulf ports. Korea remains out of the market. Upon the conclusion of the current National Holiday observance in the Far East, China and other east Asian sources are expected to return to the export flat rolled market in the next couple weeks with revised offers.

Meanwhile, Brazil is offering CRC to the US at a range of $680/mt to $720/mt CFR FO in US Gulf ports.