June 17

Steel News – June 2019


Mexico Tariffs Suspended

On June 7, US President Donald Trump signed an agreement with Mexico to indefinitely suspend the tariffs he was to add to all Mexican imports. President Trump stated:

“Mexico, in turn, has agreed to take strong measures to stem the tide of Migration through Mexico, and to our Southern Border. This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States.”

HRC Duties Extended For 6 Countries

The US Department of Commerce has extended anti-dumping duties on HRC flat products from six countries. On June 10, a notice in the Federal Register stated HRC from China, India, Indonesia, Taiwan, Thailand and Ukraine is likely to still be dumped if the duties were removed.

Dumping margins for these countries vary from 20.3% for Thailand to 90.83% for China.

Duties Cut On South Korean HRC

On June 11, countervailing (anti-dumping) duties on hot-rolled coil from South Korea were cut to below a percent. Previously, in 2016, the steelmaker Posco had duties set to 58.68%, and steelmaker Hyundai set to 3.89%.

South Korea is second behind Canada for HRC exports into the US market. Because South Korea agreed to quotas, they have not been subject to Section 232 tariffs.

A Secure Supply Of  Houston Metal

Ace Steel Supply works hard to read the steel market so we can offer a stable supply of what you need. Consider looking at a stocking program with us for even more benefits to your business.

When you’re ready to save time, money and make your steel buying easier, give us a call.

Call us if your company requires a secure supply of Houston steel – stainless sheet, aluminum sheet, cold-rolled sheet or galvanized sheet metal.

Ask us how to make a quick $500 for a referral.

“Making Business Easier”




You may also like

May 2021 Newsletter

May 2021 Newsletter

April 2021 Newsletter

April 2021 Newsletter
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

0 of 350

Add A Knowledge Base Question !

You will get a notification email when Knowledgebase answerd/updated!

+ = Verify Human or Spambot ?