Overseas
November 6, 2024
Written by David Schollaert
US hot-rolled (HR) coil prices moved lower this past week, while tags in offshore markets were largely higher. Domestic tags are again nearly level with imports on a landed basis.
Since reaching parity with import prices in late August, stateside tags have been mostly stable while there have been wide shifts overseas, resulting in only negligible shifts in the US price premium.
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.”