Although raw material prices are on a downtrend, steady order activity in the US domestic CRC market has kept spot prices from falling as well, resulting in widening margins that make up for the fact that the attempted $1.00 cwt. ($22/mt or $20/nt) price increase didn’t stick. Additionally, sources close to SteelOrbis point out that there is still a lot of import material sitting at the docks, but that hasn’t seemed to affect the current spot range of $36.50-$38.50 cwt. ($805-$849/mt or $730-$770/nt) ex-Midwest mill any more than this month’s scrap trend.
In terms of import pricing, that too has trended sideways since our last report a week ago, although sources close to SteelOrbis continue to report that Brazilian mills are “ready and willing to negotiate” with anyone who is looking to bring some serious tons to the table.
| Cwt. | Metric Ton (mt) | Net ton (nt) | Change from last week | |
| US domestic | ||||
| Ex-Midwest mill | ||||
| CRC | $36.50-$38.50 | $805-$849 | $730-$750 | neutral |
| Brazil* | ||||
| CRC | $32.00-$33.00 | $706-$727 | $640-$660 | neutral |
| China* | ||||
| CRC | $31.00-$32.00 | $683-$706 | $620-$640 | neutral |
| India* | ||||
| CRC | $33.00-$34.00 | $728-$750 | $660-$680 | neutral |
| *DDP loaded truck in US Gulf ports | ||||