Final Thoughts
September 21, 2016
Final Thoughts
Written by John Packard
There have been two complaints filed with the U.S. Department of Commerce for circumvention of duties by Vietnam. One is on CORE (corrosion resistant steels like galvanized and Galvalume) and the second one is on cold rolled. Steel Market Update has seen the CORE complaint but we have not yet seen the cold rolled one. However, one of the mills did confirm that their company was one of the mills behind the CR complaint.
One of our sources advised that other mills are in the process of filing their own complaints but we were unable to find out what products/countries might be involved. We expect press releases soon but the market is very fluid at the moment. The playing field, however, is in the process of being altered and trading companies and end users are most likely going to be exposed to some pain.
