Steel Products Prices North America
September 23, 2018
Where’s the Beef, Part Two, Unintended Consequences
Written by John Packard
When looking at the last four years of import data, as well as the first seven months of data available from the U.S. Department of Commerce, we are seeing a reduction in most flat rolled products.
Of the past four years, 2014 was by far the biggest year for foreign steel imports into the United States. The U.S. received 44,338,034 net tons that year. The following year, the domestic steel mills went on the war path filing antidumping and countervailing duty suits against all of the products referenced in the table below. Imports that year fell to 38,739,137 net tons. In 2016, when the AD/CVD suits were finalized, imports dropped to their lowest level of the time period under consideration, just topping 33 million net tons.
