Nucor Responds to SMU Question Regarding Possible Trade Case

Over the past few days, Steel Market Update has received a number of inquiries from steel buyers who were upset that they are being put into a position where they have to consider buying foreign steel rather than domestic due to the pricing disparity between the two products.

A Midwest service center buyer reported that the trading companies were, “Cranking up the Chinese machine again,” and offering cold rolled and coated products. He told SMU, “We are at a crossroads, do the mills file or don’t they file [trade suits]? We have to assume that they won’t and we need to buy accordingly.”