- Company overview The heart of SMC Vision & Philsophy Partnership Certifications Company culture
- Our service Design and Engineering Maintenance and Service Examine Production Line Upgrade and Transformation Storage and Logistics Processing, Trading and Distributor
- Management Our history Global responsibility Info Center
- Procurement center Internship
- Metal Steel Products Stainless Steel Products Aluminum Products Copper Products Galvanized Steel and PPGI Special Alloy Building Material
- Containers ISO Standard Container Equipment Container Storage Container Container House Refrigerated/Reefer Container Offshore Container Tank Container Container Fittings Container Trailer
- Gas Cylinder & Fire Extinguisher Cryogenic Liquid Cylinder Oxygen Gas Cylinder Storage Tank CNG Gas Cylinder LPG Gas Cylinder Hydrogen Gas Cylinder Nitrogen Gas Cylinder Industry Gas Cylinder Fire Extinguisher
- Metal Machinery Forming Machine Other Machinery Cutting Machine Processing Machine Bending Machine Block Machine Motor Spare Parts
- Mechanical Products Vehicle Industry Miscellany Mooring Equipment Marine Equipment Pressure Vessel Conveyor Belt Laser Equipment Bearing
- Electrical System Electrical Cable Automation Power Distribution Solar Power System Electric Protection System Transformer Production Line Lighting System
- Project Fiberglass Reinforced Plastic Plastic Pipes and Pipe Fittings Pontoon System
Steel market update (SMU) analysis of HRC final determination ruling
On Friday the U.S. Department of Commerce announced their final determination findings on hot rolled steel dumping margins and countervailing subsidy rates for Brazil, South Korea, Australia, Turkey, Japan, United Kingdom and the Netherlands. In the article above SMU reproduced the press release provided by the Commerce Department. In this article SMU are going to compare the preliminary determinations with the final and see if there are any surprises that could impact U.S. customers.
SMU shared the following data with our member companies last Tuesday but SMU thought it would be valuable for your understanding of the impact of these cases as SMU members discuss each of the countries listed below and if the adjustments made by the U.S. Department of Commerce could potentially affect hot rolled steel exports from these countries moving forward.
venture partnership with US Steel. Jointly, POSCO and US Steel own a steel mill (USS/POSCO or UPI) close to San Francisco, California.
In the preliminary determination phase Commerce & the ITC assigned POSCO a 7.50 percent total margin and with this latest announcement that number shot up to 60.93 percent. A change
of +53.43 percent (50.7 percent of the POSCO change was related to Commerce not being able to verify key elements of the responses provided to Commerce). SMU communicated with
trade attorney Lewis Leibowitz about the POSCO situation and he advised us that POSCO has the ability to post the cash deposits and continue to supply USS/POSCO if they choose to do so.
That is a question that remains to be answered. One year after the CVD order is entered, which probably will be sometime in October 2016, POSCO will be able to get a review of the CVD order
and get the duty reduced. The expectation is that review could take until the end of 2018 to complete.
Brazil also saw their final determination results rise slightly (see below) as did Australia, Korea (other than POSCO) and Turkey.
The United Kingdom saw the biggest reductions at -15.99 percent but still at a very high percentage (33.06 percent). Japan and the Netherlands also saw their percentages drop (see below).
