SteelOrbis has learned that CRC offerings to the US from Mexico have declined, on average, by $40 /mt since our report two weeks ago and now range from about $540 /mt to $570 /mt, delivered to the US border.
Meanwhile, CRC offers from India have trended sideways from two weeks ago and continue to be in the range of approximately $550 /mt to $600 /mt CFR FO Gulf Coast ports.
CRC offers from Brazil and Turkey have declined by about $60 /mt over the past two weeks and are currently in the range of around $540 /mt to $570 /mt CFR FO Gulf Coast ports.
Furthermore, Chinese CRC offers are said to generally be around $600 /mt CFR FO US Gulf and West Coast ports.
On the other hand, Turkish hot rolled coil (HRC) offers to the US are in the range of approximately $460 /mt to $480 /mt CFR FO Gulf Coast ports.