Final Thoughts
October 30, 2015
Final Thoughts
Written by John Packard
I am aware that on October 23, 2015 the domestic steel mills filed allegations of critical circumstances on exports of hot rolled coil from four countries: Brazil, Australia, Japan and The Netherlands. I will have more details and statements from both buyers and sellers later this week. I wanted to spend time studying the affirmative critical circumstances finding by the US DOC on galvanized, Galvalume and other corrosion resistant steels. This decision was made just a couple of days before the preliminary determination on countervailing duties (CVD) on CORE which is due for a vote on Monday (we should know more on Tuesday, November 3rd.).
On Thursday of this past week I made the following statement in my Final Thoughts:
