Trade Cases
May 26, 2016
SMU Analysis: Changes from Preliminary to Final Determination AD/CVD Rates
Written by John Packard
Steel Market Update (SMU) does not anticipate the spread between hot rolled base prices and those of domestic galvanized/Galvalume will be reduced any time soon. The U.S. Department of Commerce latest ruling on corrosion resistant steels will put new wind in the steel mills sails. The DOC final determinations on antidumping (AD) and countervailing duties (CVD) against China, Korea, Taiwan, India and Italy surprised many as being much higher than anticipated.
The net result may be even fewer galvanized and Galvalume foreign steel suppliers coming to the United States. We also expect more upward pressure may be brought to bear on galvanized and Galvalume prices here in the States.
