Steel Products Prices North America
Canada Finds Injury in OCTG Imports from Nine Countries
Written by Sandy Williams
September 23, 2014
The Canadian International Trade Tribune (the Tribunal) determined last Friday that there is reasonable indication that dumping and subsidization of OCTG products from nine countries have caused or may cause injury to the domestic market. The countries named in the investigation are Chinese Taipei, the Republic of India, the Republic of Indonesia, the Republic of the Philippines, the Republic of Korea, the Kingdom of Thailand, the Republic of Turkey, Ukraine and the Socialist Republic of Vietnam.
The subject goods are described as oil country tubular goods made of carbon or alloy steel, welded or seamless, heat-treated or not heat-treated, regardless of end finish, having an outside diameter from 2⅜ inches to 13⅜ inches (60.3 mm to 339.7 mm), meeting or supplied to meet American Petroleum Institute specification 5CT or equivalent standard, in all grades, excluding drill pipe and excluding seamless casing up to 11¾ inches (298.5 mm) in outside diameter.
The Tribunal determination was the result of an investigation initiated June 30, 2014 by the Canada Border Services Agency (CBSA) under the Special Import Measures Act. The CBSA will issue a preliminary determination by October 20, 2014.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.
Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.