Final Thoughts

I have been asked about the rumor mill surrounding coated products and especially the Asian 4 exporting countries. The Asian 4 are: China, India, Taiwan and South Korea. Steel Market Update is aware that at least one mill has been pushing for dumping suits on coated products. We understand that not all mills favor the suit. We do not know if it will ever be filed but, just the threat of one has the light gauge galvanized and painted Galvalume markets shaking a bit.

The question I ask myself is can the domestic mills prove injury. Not being a trade law expert I can’t answer that question. There does seem to be a larger percentage than normal on Galvalume imports and they are growing according to the import data we have been reporting on. However, South Korean exports of OCTG have been out of whack and, to date, they have not had to pay any penalties.