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 maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.
SMU price ranges: Steel prices rise in response to tariffs
Steel prices climbed for a second straight week across all five sheet and plate products tracked by SMU.