Trade Cases
April 2, 2023
Written by Michael Cowden
This pre-holiday steel market feels a little like the one before Thanksgiving – albeit at approximately double the price.
Back in November, hot-rolled coil prices had crashed to around $600 per ton ($30 per cwt), and there were questions about whether and when mills might push to increase prices to more sustainable levels.
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The Biden administration issued three decisions last week that raise the question whether international trade will be harder or easier when it comes to infrastructure and commercial manufacturing in the US.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
The office of the US Trade Representative (USTR) endorsed the World Trade Organization’s (WTO) panel report regarding the Section 232 duties against China on steel and aluminum. The report recognized the duties as “security measures,” rejecting China’s arguments against them.
The US Department of Commerce has published its preliminary findings in the antidumping (AD) trade case investigating tin mill products from China and Canada.