Overseas
June 22, 2025
Written by David Schollaert
US cold-rolled (CR) coil prices continued to tick higher this week, while offshore markets were mixed.
The trend narrowed the gap between US prices vs. imports even in the face of higher Section 232 tariffs, which doubled to 50% on June 3. While higher tariffs resulted in import prices soaring higher than US prices on a landed basis, recent stateside gains have narrowed the gap.
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.”