Canada getting a little sick and tired of being dumped on by other countries.
The US isn’t the only county looking into dumping of steel by other countries. I think Canada has been a target lately for countries that have tariffs and anti-dumping duties on them. It looks like they’re getting a little tired of it.
Canadian officials suggest cold-rolled steel products, originating or exported from China, South Korea and Vietnam, are being sold at unfair prices in Canada.
Provisional duties will be placed on the subject goods, which go through Canadian customs on or after August 23, 2018.
Arcelor USA has scheduled outages for 3 of its 5 US mills. Consequently, supply could be a little tighter this year.
The outages will happen at steel mills in Cleveland, Ohio; East Chicago, Indiana; and Coatesville, Pennsylvania, as well as at the Calvert plant, a joint venture with Nippon Steel & Sumitomo Metal Corp.
“The outages at ArcelorMittal – combined with a 52-day outage at U.S. Steel’s Great Lakes Works, a flat-rolled mill near Detroit – might tighten supplies and result in HRC prices moving higher or at least stabilizing,” states AMM.
Fabricated Steel out of China is getting hit with tariffs. I was wondering when this would happen. Hopefully this will bring more manufacturing back to the US sooner rather than later. More manufacturing of steel in the US is always good for us.
The American Institute for Steel Construction (AISC) said, this is the first time recent US tariffs have extended beyond steel mill products.
“Both US mills and US structural fabricators – buyers of steel from US mills – stand to benefit from tariffs on fabricated structural steel,” reports AMM.
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