Articles in Category: Anti-Dumping

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner:

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stainless steel rods

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Week of Nov. 15-19 (stainless steel base prices, infrastructure bill and more)

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This morning in metals news: the European Commission this week announced anti-dumping duties for stainless steel cold-rolled flat products from India and Indonesia; the Energy Information Administration forecast crude oil prices will decline in 2022; and, lastly, U.S. housing starts declined in October.

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European Commission imposes AD duties on stainless from India, Indonesia

E.U. flag

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On Thursday, the European Commission announced it is imposing anti-dumping duties on stainless steel cold-rolled flat products from India and Indonesia.

The duties range from 13.9-35.3% for the exporting producers from India. Meanwhile, the duties range from 10.2-20.2% for the exporting producers from Indonesia.

“This sector is critically important to the EU because it is a high value added product, with EU consumption totalling almost €7 billion,” the European Commission said Thursday.

The duties will protect 13,500 direct E.U. jobs in the stainless steel cold-rolled flat sector, the European Commission claimed.

EIA: crude oil prices to come down in 2022

Providing some relief, the Energy Information Administration forecast crude oil prices will soften in 2022.

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This morning in metals news: Merchants Fleet will expand its purchases of BrightDrop electric vehicles to 18,000; meanwhile, the Producer Price Index for metals and metal products increased in October; and, finally, the United States International Trade Commission issued a vote on freight rail coupler systems from China.

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Merchants Fleet to expand EV orders from GM’s BrightDrop

electric vehicle charging

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Fleet management company Merchants Fleet will expand its orders of BrightDrop electric vehicles to 18,000.

BrightDrop, a General Motors company, focuses on electrifying the commercial delivery and logistics industry.

“BrightDrop, the technology startup helping decarbonize last-mile deliveries, today announced that Merchants Fleet, the nation’s fastest growing fleet management company, plans to expand its purchase order to 18,000 BrightDrop electric vehicles with the addition of 5,400 EV410s – the recently unveiled mid-size electric light commercial vehicle (eLCV),” GM said in a release.

“The EV410 order adds to the 12,600 EV600s slated to be integrated into the company’s fleet starting in 2023.”

PPI for metals, metal products rises

The Producer Price Index for metals and metal products reached 323.7 in October, according to Federal Reserve Economic Data (FRED).

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This morning in metals news: U.S. steel capacity utilization dipped to 84.3% last week; the OECD reported global foreign direct investment (FDI) flows rebounded during the first half of 2021; and, lastly, the United States International Trade Commission conducted a five-year sunset review of duties on alloy magnesium from China.

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Steel capacity utilization down to 84.3%

steel production

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U.S. steel capacity utilization for the week ending Oct. 30 fell to 84.3%, the American Iron and Steel Institute reported.

Steel output during the week totaled 1.86 million net tons, or down 0.5% from the previous week.

Meanwhile, for the year to date, production is up 20.3% to 78.9 million net tons.

OECD: FDI flows recover in 2021

According to a report from the Organization for Economic Cooperation and Development (OECD), global flows of foreign direct investment (FDI) bounced back in the first half of this year.

FDI flows in H1 2021 reached U.S. $870 billion, more than doubling FDI flows in H2 2020.

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Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:

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Week of Oct. 18-22 (steel demand, aluminum alloys and more)

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This morning in metals news: the United States International Trade Commission this week issued a ruling on imports of aluminum foil from five countries; Ford of Europe reported a decline in sales and European market share; and, lastly, job openings rates declined in 21 states in August, the Bureau of Labor Statistics reported.

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USITC rules on aluminum foil

aluminum foil

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The United States International Trade Commission this week ruled imports of aluminum foil from five countries are being dumped into the U.S. and illegally subsidized.

The five countries are Armenia, Brazil, Oman, Russia and Turkey.

The Department of Commerce will now issue countervailing duty orders on imports of aluminum foil from Oman and Turkey. Meanwhile, the Department of Commerce will issue antidumping duty orders on aluminum foil from all five countries.

Ford of Europe reports drop in Q3 sales

Ford of Europe reported Q3 sales declined by 35.2% year over year, down to 194,460 vehicles.

In the year to date, however, its sales fell 1.9% year over year.

The automaker’s European market share fell 1.3 percentage points to 6.3% in Q3 2021.

Job openings rates down in 21 states

Job openings rates declined in 21 states in August, the Bureau of Labor Statistics reported.

Rates were flat in 28 states and increased in one state.

Rate decreases were the largest in Nevada, West Virginia and Hawaii.

Meanwhile, the number of hires declined in 17 states in August, with the largest drops coming in Illinois, New Jersey and Ohio.

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This morning in metals news: Nucor Corporation this week said it is evaluating locations for a new 3-million-ton capacity sheet mill; meanwhile, the Department of Commerce announced changes to its anti-dumping and countervailing duty regulations; and, lastly, British Steel warned about surging power prices.

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Nucor Corporation to build new sheet mill

Nucor logo

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Nucor Corporation this week said it is evaluating locations for a new sheet mill that will have a capacity of 3 million tons.

The steelmaker said it is looking at possible locations in Ohio, Pennsylvania and West Virginia.

“The new mill will be geographically situated to serve customers in the Midwest and Northeast markets and will have a significantly lower carbon footprint than nearby competitors,” Nucor said.

The steelmaker said the new mill will cost approximately $2.7 billion. The mill will produce hot-rolled sheet products with downstream processing. Furthermore, the facility will also have a tandem cold mill, annealing capabilities and two galvanizing lines.

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This morning in metals news: Rio Tinto said it plans to triple solar capacity at its Weipa bauxite mine in Australia; meanwhile, the Aluminum Association said the Department of Commerce had issued final affirmative determinations regarding imports of aluminum foil; and, lastly, U.S. Steel is reportedly looking for a site to build a $3 billion mini-mill.

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Rio Tinto to triple solar capacity at Weipa

Rio Tinto sign

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Rio Tinto said it aims to triple its solar capacity at its Weipa bauxite mine in Australia.

“Under the plans, EDL has been contracted to build, own and operate a 4MW solar plant and 4MW/4MWh of battery storage at Weipa,” Rio said in a release. “Work on the battery facilities will start this year, with construction of the whole project expected to be complete by late 2022.

Aluminum Association praises aluminum foil ruling

The Department of Commerce issued final affirmative determinations in its anti-dumping and countervailing subsidy review of aluminum foil imports from Armenia, Brazil, Oman, Russia, and Turkey, the Aluminum Association said Friday.

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Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner, including stainless steel consumption’s impact on nickel prices, surging aluminum prices and much more:

stainless steel rods

selenserger/Adobe Stock

Each month, MetalMiner hosts a webinar on a specific metals topic. Explore the upcoming webinars and sign up for each on the MetalMiner Events page.

Week of Sept. 13-17 (stainless steel drives nickel, aluminum prices rise and more)

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It is a curious insight into E.U. thinking when there is a clear case for anti-dumping duties only for them to be rowed back at the 11th hour after complaints from just two aluminum users and one importer.

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Chinese aluminum and European anti-dumping duties

China aluminum

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You must assume they are well connected. Pretty much the whole aluminum manufacturing sector had been behind the original case to investigate.

Currently, following an announcement made in April 2021, provisional duties of between 19.3% and 46.7% were set to become definitive duties of between 14% and 25% from October.

Those duties would have stayed in place for five years. But it seems the rapid rise in aluminum prices has sparked panic, if not in Brussels then at least among importers with the most to lose.

As such, pressure has been applied to postpone the investigation.

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