Spot market prices for US import 0.012 G30 coil continue to hold steady, week-over-week, at approximately $74-$75 cwt. ($1,631-$1,653/mt or $1,480-$1,500/nt), DDP loaded truck in US Gulf coast ports, however, sources close to SteelOrbis continue to report that interest is weak.
“Domestic [spot] prices are about $5.00-$6.00 cwt. ($110-$132/mt or $100-$120/nt) below that, and a lot of people think that the US market hasn’t bottomed yet,” a source said. “People are reluctant to book offshore because they’re worried that US prices will still be lower by the time it gets here.”