This morning in metals news, the United States International Trade Commission (USITC) made determinations in the anti-dumping and countervailing duty probes of large diameter welded pipe from Canada, Greece, South Korea and Turkey; Thyssenkrupp workers are looking for job guarantees in the case of a collapse of the German firm’s European joint venture with Tata Steel; and the Steel Authority of India Ltd. posted 8% crude steel production growth in fiscal year 2019.
USITC Makes AD, CVD Determinations
The USITC made a number of determinations in the ongoing anti-dumping and countervailing duty probes related to imports of large diameter welded pipe from Greece, Turkey, South Korea and Canada.
“As a result of the USITC’s affirmative determinations, Commerce will issue: antidumping duty orders on imports of LDW carbon and alloy steel line pipe from Canada, Greece, Korea, and Turkey; a countervailing duty order on imports of LDW carbon and alloy steel line pipe from Korea; antidumping duty orders on imports of LDW carbon and alloy steel structural pipe from Canada, Korea, and Turkey; and a countervailing duty order on imports of LDW carbon and alloy steel structural pipe from Korea and Turkey,” the USITC stated in a release.
Thyssenkrupp Workers Look for Job Guarantees
Workers for German steelmaker Thyssenkrupp are looking for job assurances in case the firm’s planned 50:50 joint venture with Tata Steel doesn’t work out, Reuters reported.
The companies agreed to merge their European operations last year, creating what would ultimately be Europe’s second-largest steelmaking entity (behind only ArcelorMittal). Approval of the joint venture, however, is still pending review from European competition authorities.
In October, the European Commission launched an investigation of the proposed joint venture, noting concerns that the merger might “reduce competition in the supply of various high-end steels.”
SAIL Crude Steel Production Jumps 8%
The state-owned Steel Authority of India Ltd. (SAIL) posted crude steel production growth of 8% in fiscal year 2019, The Economic Times reported.
The New Delhi-based steelmaker churned out 16.3 million tons of crude steel in the fiscal year, according to the report.