That’s not to say Section 232 shouldn’t be tightened up. Or that certain trade practices – even among our traditional allies – weren’t problematic. But when it comes to the reboot of Section 232, I do wonder whether there will be some unintended consequences.
Hot-rolled (HR) coil prices continued to rally in the US this week, quickly outpacing price gains seen abroad. The result: US hot band prices have grown widely more expensive than imports on a landed basis. The premium US HR tags carry over HR prices abroad now stands at a 14-month high. SMU’s average domestic HR […]
Hot-rolled (HR) coil prices leaped in the US this week, while tags abroad saw more measured gains. The result: US hot band prices have become even more expensive than imports on a landed basis. In fact, the premium US HR prices carry over HR prices abroad now stands at a 12-month high.
"Recent activity in the marketplace strongly indicates that these imports are being rushed into the United States in an effort to avoid the imposition of antidumping duties," petitioners said.
With a chronic trade deficit, the administration will continue to cite more tariffs as necessary. This is in error, as noted above. Yet the base of President Trump’s support does not see it that way. More tariffs are possible. But the only way to reduce the US trade deficit substantially is to close the gap between savings and investment in the United States.
The price spread between US-produced cold-rolled (CR) coil and offshore CR products widened again in the week ended Feb. 14, as prices for US product accelerated ahead of imports. Domestic CR coil tags jumped week on week (w/w), while offshore markets moved higher at a slower pace. The result? The US premium over imports widened […]
Hot-rolled (HR) coil prices rose further in the US this week, while tags abroad saw minor gains. The result: the margin US hot band holds over imports on a landed basis increased.
US steel prices set to jump after President Trump levies new tariffs.
President Donald Trump said he would announce 25% tariffs on all steel and aluminum imported to the US, according to Bloomberg. Trump said he would make an announcement about the matter on Monday. It was not clear when the tariffs might take effect.
Following the one-year low recorded in November, steel imports rose by 3% in December to 2.14 million short tons (st) according to final US Commerce Department data. January could be the highest month for steel imports witnessed in nearly three years.
Hot-rolled (HR) coil prices moved up again in the US this week, while tags abroad were largely flat. The result: the margin US hot band holds over imports on a landed basis widened further.
The Commerce Department on Tuesday issued preliminary subsidy rates in the corrosion-resistant steel (CORE) trade case. The agency set minimal countervailing duty (CVD) rates for Brazil and Mexico, mostly high rates for Vietnam, and low rates for Canada, except for one privately held distributor. Commerce assigned that company, Nova Steel, and a handful of Vietnamese […]
The price spread between US-produced cold-rolled (CR) coil and offshore products narrowed again in the week ended Jan. 31, as imports edged higher and US product ticked lower.
Hot-rolled (HR) coil prices ticked up in the US this week, while tags abroad were mixed. The result: the margin US hot band holds over imports on a landed basis widened slightly.
The price spread between US-produced cold-rolled (CR) coil and offshore products tightened slightly in the week ended Jan. 24, as imports edged higher than US product. Domestic CR coil tags were up week on week (w/w), a trend mirrored in offshore markets at a slightly sharper clip. The result? The US premium over imports shrank […]
US hot band margin over imports on a landed basis has narrowed further.
The price spread between US-produced cold-rolled (CR) coil and offshore products tightened in the week ended Jan. 17. Domestic CR coil tags were lower week on week (w/w), while offshore products ticked higher. The result? The US premium over imports shrank. In our market check on Tuesday, Jan. 14, US CR coil prices averaged $895 […]
Hot-rolled (HR) coil prices ticked down in the US last week, while tags abroad varied. The result: US hot band margin over imports on a landed basis has narrowed to a slight extent. SMU’s average domestic HR price last week was $685 per short ton (st), down $5/st from the week before. US hot band […]
The steel industry may have to wait even longer for the initial duty determinations in the pending coated steel unfair trade investigations.
The amount of finished steel that entered the US market fell to a multi-month low in November, according to an analysis of Department of Commerce and the American Iron and Steel Institute (AISI) data.
We’ll talk about what to expect from the incoming Trump administration, the changing trade and tariff landscape, and what it all means for the domestic steel industry.
Domestic steel imports fell 14% from October to November to a one-year low of 2.07 million short tons (st), according to final US Commerce Department data. While steel trade has declined from early-2024 highs, November imports are slightly higher than volumes seen one year prior.
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis widened in the week ended Jan. 10.
Hot-rolled (HR) coil prices ticked up in the US last week, while tags in offshore markets were mostly unchanged. The result: US hot band is more expensive than imports on a landed basis.
Steel Manufacturers Association (SMA) President Philip K. Bell will join SMU for our first Community Chat of 2025. We’ll talk about what to expect from the incoming Trump administration, the changing trade and tariff landscape – and what it all means for domestic steelmakers, service centers, and manufacturers. Don’t miss out! Mark your calendar for Jan. 15 at 11 am ET.
Hot-rolled (HR) coil prices were flat in the US this week, while tags in offshore markets were mostly down.
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was unchanged in the week ended Dec. 20.
The price premium between stateside hot band and landed imports widened slightly this week.
The Commerce Department is raising the import duties on imports of corrosion-resistant sheet and cut-to-length plate from Korea.
The world has had a few shocks recently. The CEO of a major health insurance company was gunned down in Manhattan. The 50-year Assad dynasty in Syria was pushed out less than two weeks after rebels started an offensive. And President-elect Trump is promising tariffs on everything a month before he takes office. But one shock has been taking place for a lot longer than the last few weeks. The 70-year consensus on trade hasn’t just been challenged. It’s been repudiated.