Overseas
November 6, 2025
Written by David Schollaert
SMU’s average price for domestic hot-rolled (HR) coil was $825 per short ton (st) this week, $5/st higher week over week (w/w). In offshore markets last week, prices were either down or flat.
The dynamic slightly narrowed the price gap between stateside hot band and landed offshore product. But with the 50% Section 232 tariffs, most imports remain more expensive than domestic material.
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.”