International Steel Mills
March 3, 2016
No Chinese CR... Look Out US Mills, Here Comes Vietnam & Taiwan
Written by Sandy Williams
This week’s DOC preliminary duties on cold-rolled steel effectively shut down the U.S. market for China but has opened it for imports from Taiwan and Vietnam.
Taiwan’s largest steel producer, China Steel Corp, said Thursday that it fully intends to take advantage of the penalties its rival steel producers in China now face. The company says its subsidiary CSC Sumikin Vietnam Joint Stock Company (CSVC), a joint venture between China Steel and Japan’s Sumitomo Metal industries, plans to increase cold rolled shipments to the U.S.
