Thailand removes safeguard measures on hot rolled sheet

Tuesday, 05 February 2019 23:24:27 (GMT+3)   |   San Diego

The Commerce Ministry ruled out extending safeguard measures on imported hot-rolled steel sheet with alloy, both in coils and not in coils, on January 7, 2019.

Thailand has two major hot-rolled steel sheet makers, namely Sahaviriya Steel Industries, the country's largest, and G Steel. Nava Chantanasurakon, chairman for the Association of Thai Hot-Rolled Steel Sheet, stated that domestic steel producers are forecast to suffer substantial injury due to the change. Chantanasurakon called for the ministry to reinstate safeguard measures, especially, from Chinese imports. This safeguard measures will end on Feb 26. Thailand's safeguard measures on imported steel began on Feb 27, 2013.

Most Recent Related Articles

US HRC imports down 14.3 percent in April

Asian HRC market heats up with China’s resumption of imports

Thailand initiates expiry review on AD duties on non-alloy HRC from 14 countries

HRC prices hit and exceed $400/mt CFR in new deals to Asia

China books 300,000 mt of import HRC, leading to bullish mood in Asia