Trade Cases
June 25, 2023
Written by Michael Cowden
Our latest survey results indicate that the round of $50/ton ($2.50/cwt) sheet price hikes have a good chance of at least stabilizing prices or increasing them modestly.
To be clear, SMU does not make formal forecasts. I’m basing this on what we’re seeing in past survey results following price hikes compared to what we’re seeing now.
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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.