Steel Products Prices North America
November 17, 2016
October and November Foreign Steel Import Analysis
Written by John Packard
With the antidumping (AD) and countervailing (CVD) duties cases on hot rolled, cold rolled and CORE (coated products such as galvanized and Galvalume) having gone through the investigation process, decisions on duties or deposit rates for various countries were announced in the Final Determinations. The US Department of Commerce (DOC) has issued deposit rates that were very favorable to the domestic steel industry and the expectation has been, for some time now, that import numbers would begin to decline.
Imports reached a peak monthly average of 3.7 million net tons during 2014. That was the year that imports peaked and raised the red flag to the domestic steel mills, leading to the filing of the flat rolled dumping suits in mid-2015. Imports have been slowly declining since then, but not as dramatically as was expected.
