This morning in metals news, the U.S. Department of Commerce made affirmative determinations in two of three countervailing duty investigations regarding fabricated structural steel, Chinese copper smelters inked deals with Chile’s Antofagasta and India is investigating dumping claims vis-a-vis flat-rolled steel imports from 15 countries.
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DOC Rules on Possible CVD
The Department of Commerce issued affirmative determinations in its countervailing duty probes of fabricated structural steel imports from China and Mexico.
The DOC found imports of the products from China and Mexico benefited from countervailable subsidies at rates ranging from 30.30-177.43% and 0.01 (de minimis)-74.01%, respectively.
Meanwhile, the DOC made a negative determination vis-a-vis Canada, finding that exporters received countervailable subsidies at de minimis levels ranging from 0.12-0.45%.
Chinese Smelters Sign Antofagasta Deals
China’s top two copper smelters have inked concentrate supply deals with Chilean miner Antofagasta, Reuters reported.
According to the report, Jiangxi Copper Co and Tongling Nonferrous Metals Group inked the contracts earlier than usual on account of tightness in the copper concentrate market.
India to Investigate Anti-Dumping Claims
India will investigate dumping claims with respect to imports of flat-rolled steel from 15 countries, including China, the U.S. and Japan, the Economic Times reported.
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Domestic entities Indian Stainless Steel Development Association, Jindal Stainless, Jindal Stainless (Hisar) and Jindal Stainless Steelway filed petitions with India’s Directorate General of Trade Remedies (DGTR) alleging dumping of flat-rolled steel from the 15 countries.