Overseas
May 29, 2025
Written by David Schollaert
Domestic hot-rolled (HR) coil prices moved lower again, maintaining the downward move seen in eight of the last 10 weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.
The price gap between imports and domestic products, as a result, was largely unchanged for a third straight week.
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.”