Steel Products
DOC Upholds Duties on CORE Products from Vietnam
Written by Tim Triplett
May 16, 2018
In its final determination in the Vietnam CORE anti-circumvention case, the Commerce Department ruled Thursday that imports of corrosion-resistant galvanized steel from Vietnam will still be subject to substantial antidumping and countervailing duties unless the importer can prove the substrate used in the production process was not sourced from China.
“Commerce may face challenges to this determination because of a recent Court of Appeals decision, but for now, corrosion resistant steel from Vietnam will continue to be treated as though it came from China, provided the importer did not certify that Chinese substrate was not used,” said Washington trade attorney Lewis Leibowitz.
Commerce upheld its preliminary finding of December 2017 in which it determined that CORE products produced in Vietnam using Chinese hot roll or cold roll, then exported to the United States, are of the same class or kind as other merchandise subject to the CORE orders on China. Vietnamese exporters had argued that the process of galvanizing the Chinese substrate amounted to a substantial transformation of the product, thus changing its country of origin to Vietnam.
The DOC’s preliminary ruling placed duties in excess of 200 percent on galvanized sheet from Vietnam, which will now be retroactively applied to imports dating back to November 2016.
{loadposition reserved_message}
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.