Final Thoughts
May 16, 2018
Final Thoughts
Written by John Packard
Trade attorney Lewis Leibowitz advised me earlier this afternoon that the U.S. Department of Commerce did provide a final determination ruling on the Vietnam circumvention complaint. The DOC ruled in favor of the domestic steel mills (affirmative ruling) which means Vietnamese coated steel will be considered to be from China unless there is certification (proof) that the substrate is not from China.
As David Feldstein pointed out in the hot rolled and scrap futures article he wrote for this evening’s issue, we are one major breakdown at a steel mill away from a shortage of flat rolled steel for the U.S. market. It is important that steel buyers be aware of the issues that exist at not only the mills they use, but at their competitors, as well.
