Has last week’s trade case ruling had a “psychological effect” on US CRC?

Now that the final determinations in the OCTG trade case have been announced, some trader sources say they’ve become increasingly wary about booking cold rolled coil (CRC) tons from India and China. The price differential between US and Chinese CRC is still pretty substantial--approximately $6.50 cwt. ($143/mt or $130/nt), and some have said they still plan to “get while the getting is good.”  But when it comes to long-term planning, this could prove problematic, especially considering that longs traders booked significant tons of Chinese wire rod after that case was filed, for no other reason than it was cheap. “It essentially created a deluge of imports in a market that now has much more supply than it does demand,” according to sources.