Steel Products Prices North America
August 9, 2015
Trade Suits Will Affect Steel Prices, The Question is When
Written by John Packard
Over the past two months the U.S. steel industry has filed antidumping petitions on corrosion resistant (coated steels like galvanized and Galvalume) and cold rolled steels. The rumor mill has been flush with talk that a hot rolled suit will be announced as early as this week. What will the impact be on flat rolled steel prices to all of these trade suits?
According to the results of our poll taken this past week, the steel industry expects flat rolled steel prices to rise due to the dumping suits. Seventy-two percent (72%) of those responding to our query on the subject reported that they believe prices will go higher. The question is not if prices will rise but when (and how much). Based on the comments received during the polling process not many in the industry expect any immediate impact related to the trade suits.
