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

CRU: Trump hails a partnership of Nippon with USS
In a social media post, President Donald Trump said a planned partnership between Nippon Steel and U.S. Steel will add $14 billion to the US economy and ensure USS remains headquartered in Pittsburgh.

Trump approves $14B Nippon Steel-USS ‘partnership’
President Donald Trump on Friday gave his blessing to a $14-billion "partnership" between Nippon Steel and U.S. Steel.

Cliffs opens June spot order book at $910/ton HR
Cleveland-Cliffs opened its June order book for spot material at $910 per short ton (st).

Op-Ed: Ternium CEO Máximo Vedoya wants a fair future forged in steel
After recently receiving an industry honor on behalf of Ternium, I had the opportunity to reflect and share my vision on the state and future of our industry.

Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.