Prices for US domestic HRC may have trended mostly steady since our last report a week ago, with current ex-Midwest mill transaction ranges holding at $21-$22 cwt. ($463-$485/mt or $420-$440/nt), but sources close to SteelOrbis say the market is still trending soft.
Last week, SteelOrbis reported that offshore producers in Brazil, Korea and Turkey, who had all been named in the antidumping or countervailing trade case petitions, were still offering imports to the US at approximately $1.00-$2.00 cwt. below domestic pricing in hopes of gaining last-ditch orders. However, the recent announcement by the ITC that they would be moving forward with the AD/CVD investigations against all countries named has quelled any interest in booking from mills named in the suit.