Overseas
October 19, 2023
Written by David Schollaert
US hot-rolled coil (HRC) prices are now more expensive than imported offshore product.
This comes after domestic prices moved higher for a third straight week while import prices continued to declined, according to SMU’s latest foreign vs. domestic price analysis.
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.”