Steel Products Prices North America
USW Supports Trade Case Filing
Written by Sandy Williams
June 3, 2015
The United Steel Workers said Wednesday that the union fully supports the antidumping and countervailing petition filed on corrosion-resistant steel products. The petition, said the USW in a press release, details ”how a flood of subsidized and unfairly traded steel imports from China, India, Italy, South Korea and Taiwan has damaged the US steel industry by undercutting price domestic prices over the past three years.”
USW International President Leo Gerard, called on the Department of Commerce and USITC to act “swiftly and decisively” in defense of American workers.
“By any metric, USW members are the most productive and efficient steelmaking workforce on the planet,” said Gerard. “We cannot allow these family supporting, community sustaining jobs to disappear because our competitors continue unfairly dumping their subsidized products on our shores.”
USW International Vice President and Basic Steel Industry Conference Secretary Tom Conway said a “major overhaul” of U.S. trade policy and enforcement is needed.
“For decades, American workers have paid the price of failed trade policies and inconsistent enforcement of flawed trade agreements,” said Conway. “Congress and the administration need to take responsibility for changing the system that has cost more than a million manufacturing jobs and shuttered thousands of factories, mainly in industries that employ USW members.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
BREAKING NEWS: NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).