Overseas
January 31, 2023
Written by Michael Cowden
Hot-rolled coil prices have now risen for 10 consecutive weeks. Let’s put that in perspective.
That’s a longer run than the price spike we saw following Russia’s invasion of Ukraine last February. It also marks the longest sheet price rally we’ve seen since the boom times of early 2021 – when a snapback in demand collided with low inventory levels across the steel supply chain.
The US Commerce Department has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from South Korea.
ArcelorMittal told the government of Ukraine that it is unable to restart operations at its ArcelorMittal Kryvyi Rih steel plant in a “safe and sustainable manner” following Russian missile attacks.
After an annual administrative review, the Commerce Department increased the anti-dumping duties on large-diameter welded pipe from Turkey.
Global raw steel production slowed for the third month in a row in August, according to the latest figures from the World Steel Association (worldsteel).
The US Department of Commerce has preliminarily determined that critical circumstances exist in the countervailing duty (CVD) investigation of imports of large-diameter graphite electrodes (LDGEs) from China.