Overseas
June 20, 2024
Written by David Schollaert
US hot-rolled (HR) coil prices fell further this past week, pushing them below offshore hot band prices on a landed basis.
This week, domestic HR coil tags were $685 per short ton (st) on average, down $25/st vs. last week based on SMU’s latest check of the market on Tuesday, June 18.
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.”