Industry snapshot: A recent report published by the American Iron and Steel Institute (AISI) shared Census Bureau data detailing current import numbers, compared to those of last year. Source: American Iron and Steel Institute 1-minute read A recent report published by the American Iron and Steel Institute (AISI) shared Census Bureau data detailing current import…
Steel tariffs increase profits for some, create dependency for others
As a steel distributor, Mainline Metals is uniquely positioned to address the needs of both its suppliers and customers. With the current economic development in the domestic steel market, it is important to evaluate both points of view regarding the effects of the import tariffs, and how they influence steelmakers and steel buyers alike. Source:…
Global Steel Demand Proves Resilient Amid Tensions
Global steel demand will reach 1,657.9Mt in 2018, an increase of 3.9% when compared with 2017, according to the World Steel Association’s (worldsteel) October short-range projection. In 2019 global steel demand is forecast to grow 1.4% to reach 1,681.2Mt. Source: World Steel Association Saeed Ghumran Al Remeithi, chairman of the worldsteel economics committee, speaking at…
Steel Trade Case Monitor: September 2018
Source: AMM Your latest update on trade cases from around the world in September 2018 India Straight-length alloy bars and rods, originating in China, have been encumbered with duties of $44.89-185.51 per tonne, as of September 11. European Union An anti-dumping investigation started on September 28th, looking into steel-welded tubes, pipes and hollow profiles of…
Steel Trade Case Monitor: August 2018
Source: AMM Your latest update on trade cases from around the world in August 2018 United States Investigations Cold-rolled and coated flat steel from Vietnam made from a South Korean or Taiwanese substrate. Start of duty-circumvention probes. Common alloy aluminum sheet from China due to ministerial error. Preliminary anti-dumping duty margins adjusted downward. Steel products…
Sources: Trump set to announce steel, aluminum remedies 3/1/18
Less than two weeks after the Commerce Department made public its recommendations on remedies that could be imposed on steel and aluminum imports, President Trump on Thursday is expected to announce his decisions in both investigations under Section 232 of the 1962 Trade Expansion Act, sources told Inside U.S. Trade.
U.S. slaps tariffs on $1.8 billion of hot-rolled steel imports
The federal government this week finalized another round of steel tariffs, this time of hot-rolled steel flat products from Australia, Brazil, Japan, Korea, the Netherlands, Turkey and the United Kingdom.