Final Thoughts

I had a couple of conversations earlier today regarding the status of trade and, in particular, whether or not there could be further trade cases filed by the domestic steel mills or by the U.S. Department of Commerce. At least one mill is hearing that there could be new trade cases. This could become an even bigger topic after the conversation that I had with a buyer of foreign steel who told me, “Prices are coming down a little in Asia but the experienced companies are being very careful how they approach the US market because they are afraid of further trade issues.  I am seeing more and more offers from Vietnam.”

A smaller steel mill suggested to me this morning that the flat rolled mills may be considering either another round of AD/CVD cases or a “straight 201” suggesting the mills may ask for the U.S. Department of Commerce to intervene.