Steel Products Prices North America
China Eliminates AD/CVD Duties on US Exported GOES Products
Written by Sandy Williams
April 15, 2015
On Tuesday, April 14, China announced it will terminate antidumping and countervailing duty tariffs on grain-oriented electrical steel exports from the U.S.
U.S. Senators Sherrod Brown (D-OH) and Rob Portman (R-OH), who have been leaders in pushing for fair trade practices, applauded the decision.
“This announcement is great news for Ohio steel producers like AK Steel that have been harmed by unfair trade,” said Brown. “Strong enforcement of trade laws is one of the best ways we can lift up America’s steel industry and its workers. That’s why I’m working to ensure a fairer marketplace for American companies.”
“Manufacturing exports are vital to Ohio workers, and this decision will provide a boost to Ohio steel producers,” Portman stated. “I will continue to support efforts to ensure that our workers are able to operate on a level playing field around the world.”
“AK Steel welcomes the decision by the Ministry of Commerce (MOFCOM) of the People’s Republic of China to terminate anti-dumping and anti-subsidy measures on imports of Grain Oriented Electrical steels (GOES) from U.S. producers,” said James L. Wainscott, Chairman, President and CEO of AK Steel. “As a leading global producer of high quality GOES products, AK Steel looks forward to again serving valued customers in China. We greatly appreciate the continuing strong support of Senator Brown and Senator Portman on trade enforcement issues related to the domestic steel industry.”
Earlier this month, Brown introduced the “Leveling The Playing Field Act” to strengthen antidumping (AD) and countervailing (CVD) duty statues to protect U.S. business and workers from unfairly traded and subsidized goods.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
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.