Steel Products
SDI Comments on Circumvention Decision
Written by Sandy Williams
December 8, 2017
Steel Dynamics said it is pleased with Commerce Department’s affirmative determination in the circumvention investigation against flat roll steel from China processed into cold roll and corrosion-resistant steel in Vietnam. In a preliminary ruling, Commerce determined that the processing done by Vietnamese companies to Chinese substrate was not sufficient to change the steel’s country of origin.
“We are very pleased that Secretary Ross is taking steps to aggressively enforce U.S. trade laws,” commented Mark D. Millett, President and Chief Executive Officer. “Stopping the circumvention of enacted trade laws will ensure a level playing field for the domestic steel industry. As the largest non-automotive flat roll steel coater in the U.S., it could be a meaningful positive tailwind for Steel Dynamics.”
Steel Dynamics produces corrosion-resistant steel at its facilities in Indiana, Mississippi and Pennsylvania and was among the group of steelmakers that petitioned Commerce to initiate the investigation.
{loadposition reserved_message}

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]

SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.

HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.

Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]