Product
September 8, 2020
Written by Lewis Leibowitz
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington:
I hope everyone had a restful and safe Labor Day weekend. Mine lasted a bit longer than it might. I’m back in the saddle, observing the international trade scene and also playing a small part in it. Things are, to put it bluntly if a bit mildly, unsettled.
Startup steelmaker Hertha Metals has secured $133.65 million in its Series A round of funding, including a $65 million equity investment from the US government.
Welspun Tubular LLC, the US subsidiary of India’s Welspun Corp., has received an order to supply $412.5 million of high-frequency induction welded (HFIW) steel pipe.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.
The October market for domestic ferrous scrap is viewed with optimism mainly by participants on the selling side
The Commerce Department has made its preliminary findings in the anti-dumping portion of the trade case investigating large-diameter graphite electrodes (LDGE) from China and India. The agency found that LDGEs from both countries are being, or are likely to be, sold in the US at less-than-fair-value.