Overseas
September 4, 2025
Written by David Schollaert
Domestic hot-rolled (HR) coil prices were flat this week for a third straight week. Offshore prices all moved higher week over week (w/w), widening the margin between stateside and foreign product.
Offshore prices remain higher on a landed basis, owing to Section 232 tariffs on imported steel keeping US hot band at a discount to landed imports.
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.”