Steel Products
Seven Countries Cited for Dumping Wire Rod
Written by Tim Triplett
October 27, 2017
In a preliminary ruling on Wednesday, the Commerce Department found that seven countries have sold carbon and alloy steel wire rod in the United States at less than fair value. Subject to antidumping duties ranging from 2 to 148 percent are imports from Italy, Korea, South Africa, Spain, Turkey, Ukraine and the United Kingdom. Wire rod imports from the seven countries had a combined value of about $222 million in 2016. The case was filed by Gerdau Ameristeel U.S., Nucor Corp., Keystone Consolidated Industries and Charter Steel.
{loadposition reserved_message}
“The dumping of goods below market value in the United States is something the Trump administration takes very seriously,” said Commerce Secretary Wilbur Ross. “The Department of Commerce will continue to stand up for American workers and businesses in order to ensure that everyone trades on a level playing field.”
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.
Plate market sources critique mill hikes amid current market conditions
Following spot market plate price increase notices issued by domestic mills this past week, participants are contemplating the rationale behind the increases and whether they will stick. Some sources anticipate that current market conditions will shift in November and believe the increases may set a new "pricing floor."
Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.
CRU: Construction of pilot plant for green steel process starts
Voestalpine and partners have begun building an industrial-scale Hy4Smelt demonstration plant in Linz, Austria, which they hope will become key in the decarbonization of steel.
Rig count increases in the US and in Canada
Oil and gas drilling activity increased this week in the US and Canada for the third consecutive week, according to the latest Baker Hughes rig count data. US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.