Steel Products Prices North America
August 2, 2016
HRC Exports to US Decline by AD/CVD Participants Except Korea & Australia
Written by John Packard
By the end of this week, the U.S. Department of Commerce is scheduled to release their final determinations on hot rolled antidumping and countervailing duties against seven countries: Brazil, South Korea, Australia, Japan, United Kingdom, Turkey and the Netherlands.
Combined these seven countries represented roughly 55 percent of all hot rolled imported into the United States during calendar year 2014. In 2015 that percentage of the total increased to almost 68 percent. In August 2015 the domestic steel mills filed AD/CVD suits against the seven countries and, even after the March 15, 2016 preliminary determinations were reported by the US DOC with cash deposit rates of 3.97 percent to as high as 49.05 percent, these same seven countries are responsible for 54 percent of the HRC imports for the first six months 2016.
