This morning in metals news, the U.S. Department of Commerce issued affirmative determinations in its anti-dumping investigation of fabricated structural steel imports, Turkey’s largest industrial group will halt steel production and a U.S. Department of Justice lawsuit poses a roadblock for Novelis‘ bid to buy Aleris.
U.S. DOC Rules on Fabricated Structural Steel Imports
The Department of Commerce has made affirmative preliminary determinations in its anti-dumping probe of imports of fabricated structural steel from Mexico and China.
The DOC found dumping margins for China and Mexico ranging from 0.00% to 141.38% and 0.00% to 30.58%, respectively.
Meanwhile, the DOC issued a negative determination with respect to imports from Canada.
Turkey’s Largest Industrial Group to Pause Steel Production
According to a report by Ahval, Turkey’s largest industrial group plans to halt steel production due to challenging market conditions.
According to the report, Koç Holding’s Koç Çelik unit will halt production from September until the end of January.
Novelis‘ planned purchase of Aleris is under scrutiny.
The U.S. Department of Justice filed a lawsuit to prevent the move, citing concerns over potentially higher prices for automotive aluminum sheet.
The $2.6 billion purchase was initially announced in July 2018.