Steel News

“Export limits on steel won’t solve trade tensions”, says China

“Using anti-dumping measures to restrict Chinese steel exports will not provide a lasting solution to growing trade tensions in the sector, which is suffering from overcapacity on a global scale, China’s commerce ministry said on Wednesday. With domestic demand weakening, the Chinese steel sector has seen the foreign market as[…]

New Dumping Suits from US Mills on HRC claim 19-200% margins

Monday evening six US producers filed petitions for the imposition of antidumping and countervailing duties on hot-rolled coil imports from Australia, Brazil, Japan, The Republic of Korea, the Netherlands, Turkey and the UK. According to a filing with the US Department of Commerce, the petitioners allege that HRC from the[…]

1,200 mt Surplus prime high carbon wire rod

We have the following available subject to Prior sale: High Carbon Wire Rod Diameter:  5.5 mm Grade:        1070 Coils:          2.1 metric tons approx Condition: Very good- most coils paper wrapped Location:  Northeastern Port Please contact us for full details  

US Steel Mills file dumping suit against Cold Rolled importers from 8 countries

US producers of cold-rolled sheet steel filed unfair trade cases today against imports from eight countries alleging dumping margins as high as 320% and making illegal subsidy allegations as well. The cited countries and their alleged dumping margins are as follows: Brazil (50-60%), China (266%), India (42%), Japan (83%), South[…]

Alliance Launches New Site

Alliance Steel Trading launches new site.  A little refresh after seven years is good!   Hopefully you will find the information you need, formatted for mobile devices as well as laptop and desktop computers.  If you can’t find what you need, please use the phone and call us and we’ll[…]

US mills file dumping suit on coated flat rolled products

Allege coated sheet dumping margins of 71-124% US coated sheet steel producers filed allegations with US government agencies today alleging dumping margins of roughly 71-124%. The petitioners alleged dumping margins of 120.2% for China; 71.09% for India; 123.76% for Italy; 80.06% for South Korea, and 84.4% for Taiwan. The domestic[…]

Mittal loses $955 Million in 4th quarter 2014, expects tough 2015

“ArcelorMittal, the world’s largest steel maker, posted a fourth-quarter loss on Friday on weak iron ore prices and a torrent of Chinese exports that have flooded global steel markets and crimped steel pricing. The Luxembourg-based metals and mining company said it lost $955 million, compared with a $1.23 billion deficit[…]

Goldman Sachs Upgrades Nucor (NUE) to Buy

Goldman Sachs upgraded Nucor (NYSE: NUE) from Neutral to Buy with a price target of $52.00. Analyst Sal Tharani noted its exposure to the recovery in non-residential construction, low cost structure, and strong balance sheet. “We upgrade shares of Nucor to Buy from Neutral as we believe investors should be[…]