Overseas
February 2, 2023
The percentage of steel buyers polled finding that mills are willing to negotiate prices rebounded above 50% this week vs. two weeks ago, according to SMU data.
Of the products surveyed, plate notched the only decrease in mills willing to talk price, falling to 30% compared with 63% at the last market check.
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.”