Overseas
October 10, 2024
Written by David Schollaert
US hot-rolled (HR) coil prices slipped this past week but remain marginally higher than offshore material on a landed basis.
Since reaching parity with import prices in late August, domestic prices had been slowly pulling ahead of imports. But with stateside and offshore prices largely edging down this week, the US premium was squeezed a bit.
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.
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.