Final Thoughts

OK, so it’s March Madness and most of our readers want to watch their favorite team or test their skills at nailing their bracket and bragging rights around the water cooler in the morning. For the steel industry March Madness is taking a different meaning. More price increase announcements, full order books and a win (at least from my perspective) on the hot rolled dumping (AD) ruling on Tuesday.

We have a much longer than normal newsletter this evening. There are a couple of articles about the hot rolled ruling and what the status of each of the flat rolled suits stand at this time. It is important to note that the margins produced to date are not final. The margin rates will be used to determine the cash deposit necessary for each country (actually for the importer of record – that is the person responsible for paying any monies) who chooses to ship steel to the U.S. now that the preliminary margins (including countervailing duties and critical circumstances) have been determined.