The US International Trade Commission last week voted to move forward with the anti-dumping investigation of corrosion-resistant steel products from certain offshore producers, which is certainly good news for mills in other countries who are looking to penetrate the US market.
Sources close to SteelOrbis continue to report that countries in both Southeast Asia and the EU are doing their best to lay groundwork with US traders and are wanting to develop these relationships sooner than later. Other SteelOrbis sources, however, say that inventories are still trending high and that interest in booking futures is scant.
Import Galvalume offers to the US | Cwt. | Metric ton (mt) | Net ton (nt) | Change from last week |
0.019x41.5625 Gr80/AZ55 | ||||
Brazil* | $37-$39 | $816-$838 | $740-$760 | neutral but flexible |
Mexico | $37-$39 | $816-$838 | $740-$760 | neutral but flexible |
*DDP loaded truck in US Gulf ports |