Final Thoughts
March 18, 2015
Final Thoughts
Written by John Packard
Any of you out there feeling like the beat of the anti-import drums are once again beating harder and harder. So, what happens if the Chinese steel mills decide to “voluntarily” reduce or allocate their export tonnage to the United States? First, would they try to allocate at existing tonnage levels (which are quite high) as opposed to a lower percentage of tonnage? Will they eliminate commodity items and try to continue to gain market share in items like galvanized and Galvalume?
The comments we heard that the Chinese government may be considering removing any tax rebates on steel heading for the U.S. doesn’t help much. Our understanding is their either is no tax or very limited tax on cold rolled and coated products.
