US mills file trade case petition on import CRC

Friday, 31 July 2015 23:52:19 (GMT+3)   |   San Diego

After months of anticipation, United States Steel, AK Steel, ArcelorMittal USA LLC, Steel Dynamics and Nucor Corporation this week filed petitions with the US Department of Commerce and the US International Trade Commission, alleging unfairly traded cold rolled coil (CRC) imports from Brazil, China, India, Japan, South Korea, Netherlands, Russia and the UK were causing injury to the domestic injury.  The petitions were long expected and rumors of the filing had been permeating the market for months.

Sources close to SteelOrbis have confirmed that while domestic offer prices have remained stable, orders and inquiries from all offshore producers named in the petitions have ceased.  The alleged margins are just too high, traders said, furthering that “no one is interested in assuming that kind of risk.”

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