Offshore offers are also mostly steady in the past seven days, although Brazilian mills have adjusted their offer prices in hopes of attracting orders. Trader sources, though, say that unless there is a definitive advantage to buying offshore due to proximity to a US port, "no one is really looking to hedge buy offshore when US lead times are so short."
|
Cwt. |
Metric Ton (mt) |
Net ton (nt) |
Change from last week |
US domestic |
||||
Ex-Midwest mill |
||||
$23-$24 |
$507-$529 |
$460-$480 |
neutral with rumors of deals |
|
Turkey* |
||||
$23-$24 |
$507-$529 |
$460-$480 |
neutral with rumors of deals |
|
Australia* |
||||
$23-$24 |
$507-$529 |
$460-$480 |
neutral with rumors of deals |
|
Brazil* |
||||
$22-$23 |
$485-$507 |
$440-$460 |
down $1.00 cwt. |
|
*DDP loaded truck US Gulf Coast ports |
||||