Government/Policy
January 31, 2016
Steel Mill CEO’s Discuss Trade Cases
Written by John Packard
Four U.S. steel producers announced earnings this past week. During their earnings conference calls held with analysts the steel mills addressed questions/concerns regarding foreign steel being exported to the United States. The domestic mills filed trade cases against corrosion resistant steels (such as galvanized and Galvalume) as well as cold rolled and hot rolled steels. During the past few months the U.S. Department of Commerce has begun the process of issuing “preliminary determinations” on each of the suits and the countries named within those suits.
During the mill conference calls with analysts you heard comments regarding “unfairly traded imports” (SDI, Theresa Wagler) impacting the bottom line for each of the mills.
