Steel Mills

Mexico Extends Investigation on CRC from China
Written by Sandy Williams
December 11, 2014
The Mexico Economy Secretariat announced an extension of the investigation of cold rolled coil from China.
“There are enough elements to preliminary support that in the investigated period the imports of the subjected product were done under price discrimination and generated a harm threat to the national production,” said the secretariat on Monday.
The products in question are cold-rolled steel products, not less than 600 mm wide, uncoated, 0.5-3 mm thick, under HS codes 7209.16.01 and 7209.17.01 imported to Mexico from October 2012 to September 2013. The complaint was brought to the Secretariat by Ternium and was supported by Ahmsa.
At this present time no countervailing duties have been imposed and a final determination time was not given by the Secretariat.
Imports of cold rolled coils into Mexico from China jumped 93 percent year-over-year from 2014 January to October. The secretariat estimates imports will continue to impact the Mexican steel industry in 2015, reducing next year’s production by 4 percent domestic shipment by 7 percent and capacity utilization by 2 percent in the first three quarters of 2014 (source: Platts).
The U.S. steel industry has been wondering “will they or won’t they” regarding the filing of a dumping suit on imports of China cold-rolled to the U.S. A negative decision for China in Mexico may divert more cold rolled to the U.S., which could make that suit more likely.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Cleveland-Cliffs quietly removes name from Steelton mill
The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...

Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.

Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.

Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.

Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.