Steel Products

Preliminary CVD Duties on Chinese Tool Chests
Written by Sandy Williams
September 12, 2017
The U.S. Commerce Department today announced an affirmative preliminary determination in the countervailing duty investigation on exports of metal tool chests and cabinets from China. Commerce calculated preliminary subsidy rates ranging from 17.32 percent to 32.07 percent.
U.S. imports of tool chests and cabinets from China were valued at an estimated $989.9 million in 2016, compared to $658.1 million in 2014. The investigation was initiated following a petition filed in April by Waterloo Industries, Sedalia, Mo.
{loadposition reserved_message}
“The subsidization of goods by foreign governments is something the Trump administration takes very seriously,” said Secretary of State Wilbur Ross. “The Department of Commerce will continue to stand up for American workers and businesses in order to ensure that China does not take advantage of the most open market in the world.”
Commerce will announce its final determination by Nov. 23. The U.S. International Trade Commission is expected to make its final determination on injury or threatened harm to the domestic industry by Jan. 6, 2018. If both determinations are affirmative, Commerce will issue CVD orders.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

Active rig counts rise in US and Canada
Drilling activity increased in both the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.

FabArc Steel Supply completes projects in Mississippi, Georgia
FabArc Steel Supply announced this week the completion of two large-scale projects in Georgia and Mississippi.

US rig count slips, Canada ticks higher
ncreases through September, according to the latest Baker Hughes rig count data.

CRU: EC to toughen steel safeguards
The European Commission proposes cutting its steel import quota by almost half, with volumes exceeding the limit facing 50% duties. The region’s steel industry welcomes the move, while other steel-producing nations fear the consequences. CRU published an insight before this announcement, noting that more restrictive trade policy could significantly raise the cost of marginal supply […]

US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.