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Latest News

World Crude Steel Production Still Down 16% Through YTD September 2009

26 October 2009 - World crude steel production for the 66 countries reporting to the World Steel Association stood at an estimated 107,030 million tonnes in September 2009 — 0.5% higher than the previous month (August 2009) but still 0.6% lower than September 2008.

AISI Disappointed by Stance on China as Currency Manipulator

20 October 2009 - American Iron and Steel Institute President and CEO Thomas J. Gibson issues a statement reacting to the Obama Administration’s recent decision not to name China a currency manipulator in the Treasury Department’s semiannual report.

Steel Shipments, Inventories Increase at U.S., Canadian Metal Centers

20 October 2009 - Shipments of steel and aluminum from metals service centers in the U.S. and Canada rose slightly in September, as did steel inventories, according to the latest Metals Activity Report from the Metals Service Center Institute. Inventories of aluminum, however, continued to decline in both countries.

August Steel Shipments Up 5.7% from July

16 October 2009 - U.S. steel mills shipped 5,570,000 net tons for the month of August 2009, a 5.7% increase from July according to the latest report from AISI.

Commerce Initiates AD, CVD Investigations of Steel Fasteners

15 October 2009 - The U.S. Department of Commerce announces that it will initiate antidumping and countervailing duty investigations on imports of certain standard steel fasteners from P.R. China (AD/CVD) and Taiwan (AD).

ITC Makes Determination in “Sunset” Reviews of Carbon Steel Plate

14 October 2009 - The U.S. ITC determines that revoking the existing antidumping duty order on cut-to-length carbon steel plate from China and terminating the suspended investigations on this product from Russia and Ukraine would likely lead to continuation or recurrence of material injury within a reasonably foreseeable time.

Commerce Initiates Investigations of Seamless Pipe from China

09 October 2009 - The Department of Commerce will initiate antidumping and countervailing duty investigations on imports of seamless carbon and alloy steel standard, line, and pressure pipe from the People’s Republic of China.

Steel Import Permits Reach Highest Total since March

08 October 2009 - Steel import applications totaled 1,252,000 net tons in September, a 26% increase from the 997,000 permit tons recorded in August 2009, according to the latest report from AISI.

ITC to Conduct “Sunset” Reviews of Stainless Steel Wire Rod

07 October 2009 - The U.S. International Trade Commission votes to conduct full five-year reviews concerning the antidumping duty orders on stainless steel wire rod from Italy, Japan, Korea, Spain, and Taiwan.

Stainless, Specialty Imports Still Down More than 50% through June

29 September 2009 - Total stainless imports reached 175,783 tons through June 2009, a 57.1% decrease compared to YTD June 2008 according to the latest report from SSINA. Total specialty imports reached 238,274 tons through the same period, a 54.2% decrease compared to YTD June 2008.

Despite Recovery, Stainless Production Still Down Through First Half of ‘09

23 September 2009 - World production of crude stainless steel reached 10.8 million tonnes through the first six months of 2009, a 26.7% decrease compared to YTD08, according to preliminary figures released by ISSF.

Preliminary Steel Imports Decline 14% in August

23 September 2009 - The U.S. imported a total of 855,000 net tons of steel in August, the lowest import total to date for 2009, according to the latest report form AISI.

World Crude Steel Continues Upward Trend in August as China Hits New Monthly High

22 September 2009 - World crude steel production for the 66 countries reporting stood at an estimated 106,489 million tonnes in August 2009 — 2.5% higher than the previous month (July 2009) but still 5.5% lower than August 2008, according to the latest report from the World Steel Association.

Destocking Continues at U.S., Canadian Metal Centers

18 September 2009 - Shipments of steel and aluminum from U.S. and Canadian metals service centers rose slightly in August from weak July levels, but de-stocking continued, according to the latest Metals Activity Report from the Metals Service Center Institute.

July Steel Shipments Up 9.9% from June

17 September 2009 - U.S. steel mills shipped 5,271,000 net tons in July, a 9.9% increase from June according to the latest report from AISI.

Stainless, Specialty Imports Down 64% through May

15 September 2009 - Total stainless imports reached 147,354 tons through May 2009, a 63.6% decrease compared to YTD May 2008 according to the latest report from SSINA. Total specialty imports reached 205,558 tons through the same period, a 53.0% decrease compared to YTD May 2008.

Nucor CEO Praises Trade Decision

15 September 2009 - Nucor Chairman, President and CEO Dan DiMicco praises President Obama and United States Trade Representative Ron Kirk for their decision to apply duties on imports of illegally subsidized Chinese tires.

U.S. ITC to Continue Cases on Magnesia Carbon Bricks from China, Mexico

15 September 2009 - The United States ITC finds reasonable indication of real or threatened injury due to magnesia carbon bricks imported from China that are allegedly subsidized, and magnesia carbon bricks from China and Mexico that are allegedly sold in the U.S. at less than fair value.

Commerce Preliminarily Finds Subsidization of OCTG from China

10 September 2009 - The Department of Commerce preliminarily finds that Chinese producers/exporters of oil country tubular goods have received net countervailable subsidies ranging from 10.90 to 30.69%.

Steel Imports Decline in August; Sheet Products Increase

04 September 2009 - Steel import permit applications totaled 952,000 net tons for the month of August, according to the latest AISI report.

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