Steel Products
Seven Countries Cited for Dumping Wire Rod
Written by Tim Triplett
October 27, 2017
In a preliminary ruling on Wednesday, the Commerce Department found that seven countries have sold carbon and alloy steel wire rod in the United States at less than fair value. Subject to antidumping duties ranging from 2 to 148 percent are imports from Italy, Korea, South Africa, Spain, Turkey, Ukraine and the United Kingdom. Wire rod imports from the seven countries had a combined value of about $222 million in 2016. The case was filed by Gerdau Ameristeel U.S., Nucor Corp., Keystone Consolidated Industries and Charter Steel.
{loadposition reserved_message}
“The dumping of goods below market value in the United States is something the Trump administration takes very seriously,” said Commerce Secretary Wilbur Ross. “The Department of Commerce will continue to stand up for American workers and businesses in order to ensure that everyone trades on a level playing field.”
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Active rig counts stable in US and Canada
US drill rig activity saw a slight increase from last week but continues to hover near multi-year lows. In Canada, rig counts dipped last week but near one of the highest levels recorded in the past seven months.
Nucor (officially) holds plate prices steady again
Nucor said it would keep plate prices unchanged in a letter to customers on Wednesday. The Charlotte, N.C.-based steelmaker in addition said it was opening its November order book for plate. The company did not specify what its plate price was. It has officially kept prices flat since cutting them by $125 per short ton (st) on July 1.
Worthington Enterprises taps Hayek as president, CEO
Worthington Enterprises has named Joseph Hayek as the company’s next president and CEO, effective Nov. 1. He will replace Andy Rose, who is retiring.
AISI: Steel shipments rose month over month in August
Domestic steel shipments increased month over month but slipped on year in August.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.