Overseas
July 12, 2020
Written by Josh Spoores
By CRU Principal Analyst Josh Spoores, from CRU’s Steel Sheet Products Monitor
Sheet prices in July at best rose very weakly, or else only held steady or fell in a number of markets versus our June 10 price assessments. The domestic Chinese market was alone in showing more than just a slight m/m gain.
The Commerce Department has found high dumping rates of Chinese tin mill products in the US market.
In the trade case investigating subsidized wire rod imports from Algeria, the Commerce Department set final subsidy rates and officially issued the countervailing duty (CVD) order.
The US Department of Commerce has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from Vietnam.
The Commerce Department has issued its preliminary countervailing duty (CVD) determination in the trade case investigating tin mill products from China.
China is bumping up against its official primary production capacity limit of 45.3 million metric tons/year, but production can still increase through “capacity creep.”