Government/Policy
April 2, 2023
Written by Michael Cowden
This pre-holiday steel market feels a little like the one before Thanksgiving – albeit at approximately double the price.
Back in November, hot-rolled coil prices had crashed to around $600 per ton ($30 per cwt), and there were questions about whether and when mills might push to increase prices to more sustainable levels.
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.
The phrase “Fortress North America” seems to resurface anytime US, Canada, and Mexico trade negotiations roll around. The idea of an economic Fortress North America burst onto the scene in the late 1980s and early 1990s in the lead up to NAFTA. In theory...
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.