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STEEL PRICE REPORT

Volume 8 / Issue 149 / August 5, 2021

Daily steel benchmarks


Platts symbol Unit Range Close/Midpoint % change Contents
Semi-finished Flat products 2
Billet Ex-stock Tangshan VAT-inclusive SB01032 Yuan/mt 5150.00–5150.00 5150.00 -0.96 Lead times 3
Billet FOB Black Sea STBLB00 $/mt – 640.00 -0.78 Long products 4
Stainless 5
Square bar Pipe and tube 6
Square bar FOB China STSBF00 $/mt 740.00–740.00 740.00 0.00 Semi-finished 6
Steel assessments currency and unit comparisons 6
Hot-rolled coil Steel mill economics: global spreads 7
HRC FOB China SAE1006 STHSA00 $/mt 962.00–962.00 962.00 +0.00 Platts Turkey ARC tracker 8
HRC FOB China SS400 STHRZ02 $/mt 932.00–932.00 932.00 0.00 Exchange steel futures 9
HRC FOB China SAE1006 Premium STHRY00 $/mt – 30.00 0.00 Steel industry data 9
HRC CFR Southeast Asia SAE1006 TS01041 $/mt – 925.00 0.00 Trade Case Status Report 11
HRC DDP Houston STHRG00 $/st – 1550.00 -4.32
HRC CIF Antwerp STHRA00 €/mt 975.00–985.00 980.00 -1.01 HOTROLLED COIL, FOB BLACK SEA
Platts TSI HRC EXW Indiana TS01018 $/st – 1887.00 +0.63 ($/mt)
Platts North European HRC, EXW Ruhr STHRE00 €/mt – 1160.00 -0.43 1200
HRC CPT Moscow (weekly) AAXJI00 Rb/mt 70000.00–71500.00 70750.00 -5.67
1000
Cold-rolled coil
800
CRC DDP Houston STRRG00 $/st – 1740.00 0.00
CRC CIF Antwerp STRRA00 €/mt 1180.00–1190.00 1185.00 -1.25 600
Platts North European CRC, EXW Ruhr STRRE00 €/mt – 1310.00 0.00
400
Platts TSI CRC EXW Indiana STRRI00 $/st – 2095.75 -0.02

Plate 200
10-Jun 19-Aug 28-Oct 06-Jan 17-Mar 26-May 04-Aug
Platts TSI Plate Delivered US Midwest STPRI00 $/st – 1656.25 0.00
Plate DDP Houston STPRG00 $/st – 1500.00 +11.94

Rebar Platts EMEA Turkish Rebar Daily Rationale


Rebar FOB Turkey STCBM00 $/mt 704.00–706.00 705.00 0.00
Rebar FOB China STCBZ02 $/mt 750.00–752.00 751.00 0.00
S&P Global Platts assessed Turkish export rebar at $705/mt FOB
Turkey Aug. 5, stable.
Rebar DDP Houston (weekly) STCBG00 $/st – 940.00 0.00
One Iskenderun mill source cited an indicative tradable value for
Rebar EXW US Southeast (weekly) STCBC00 $/st 950.00–970.00 960.00 0.00
10,000 mt at $700-$705/mt FOB, with a mill offer at $710/mt FOB.
Platts Rebar EXW Northwest Europe STCBE00 €/mt – 845.00 0.00 One Turkish trader also put an indicative tradable value for 10,000
Rebar Ex-stock Beijing VAT-inclusive SB01198 Yuan/mt 5300.00–5300.00 5300.00 +0.38 mt at $705/mt FOB, with an Izmir mill offer for October shipment at
For Platts assessment methodology, please go to: http://platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/steel.pdf $710/mt FOB.
For TSI methodology, please go to https://www.thesteelindex.com/en/procedures-methodology/
Two sources reported a Marmara mill top-up cargo sale to Singapore
at around $715/mt FOB, including extras at $10/mt, for product
specifications for the cargo including 50 mm thickness rebar.

(continued on page 7)

www.platts.com www.sbb.com www.twitter.com/PlattsSteel


Steel Price Report August 5, 2021

Flat products
Frequency Platts symbol Unit Range Close/Midpoint % change
Hot-rolled coil export assessments
HRC FOB China SAE1006 Daily STHSA00 $/mt 962.00–962.00 962.00 0.00
HRC FOB China SS400 Daily STHRZ02 $/mt 932.00–932.00 932.00 0.00
HRC FOB China SAE1006 Premium Daily STHRY00 $/mt – 30.00 0.00
HRC FOB Black Sea Weekly STHRB00 $/mt 910.00–915.00 912.50 0.00
HRC Russia Black Sea exports FOB Monthly SB01151 $/mt 920.00–930.00 925.00 -8.87
HRC Turkey exports FOB Weekly SB01155 $/mt 1025.00–1035.00 1030.00 -0.96
Hot-rolled coil import assessments
HRC DDP Houston Daily STHRG00 $/st – 1550.00 -4.32
HRC CIF Antwerp Daily STHRA00 €/mt 975.00–985.00 980.00 -1.01
HRC CFR Southeast Asia SS400 Daily SB01142 $/mt 918.00–918.00 918.00 0.00
HRC CFR Southeast Asia SAE1006 Daily TS01041 $/mt – 925.00 0.00
HRC Europe imports CIF Southern Europe port Monthly SB01143 €/mt 1055.00–1065.00 1060.00 +3.92
HRC Turkey imports CFR Turkish port Monthly SB01156 $/mt 935.00–945.00 940.00 -8.74
HRC DDP West Midlands UK Weekly STHWM04 £/mt 955.00–965.00 960.00 -1.03
Hot-rolled coil domestic assessments
Platts TSI HRC EXW Indiana Daily TS01018 $/st – 1887.00 +0.63
Platts North European HRC, EXW Ruhr Daily STHRE00 €/mt – 1160.00 -0.43
Platts North European HRC, EXW Ruhr MTD Avg Daily STHRF00 €/mt – 1163.75 -0.11
Platts South European HRC, EXW Italy Daily SB01152 €/mt – 1057.50 -0.47
Platts South European HRC, EXW Italy MTD Avg Daily SB01264 €/mt – 1060.63 -0.10
HRC Ex-stock Shanghai VAT-inclusive Daily SB01260 Yuan/mt 5780.00–5780.00 5780.00 -0.34
Platts HRC Turkey domestic EXW Weekly SB01154 $/mt – 1040.00 -0.95
HRC Mexico domestic production delivered Weekly SB01145 $/mt 1884.42–1934.67 1909.55 +0.78
HRC Mexico domestic production delivered Weekly SB01503 pesos/mt 37500.00–38500.00 38000.00 0.00
HRC India domestic delivered Mumbai Weekly TS01046 Rupee/mt – 65250.00 +0.38
HRC Brazil domestic production EXW taxes excluded Weekly SB01138 Real/mt 6800.00–7000.00 6900.00 0.00
HRC CPT Moscow Weekly AAXJI00 Rb/mt 70000.00–71500.00 70750.00 -5.67
Cold-rolled coil export assessments
CRC Russia Black Sea exports FOB Monthly SB01090 $/mt 1095.00–1105.00 1100.00 -7.95
CRC China exports FOB Shanghai Weekly SB01083 $/mt 1040.00–1040.00 1040.00 +10.40
CRC Brazil exports FOB Brazilian port Monthly SB01081 $/mt 1100.00–1120.00 1110.00 +1.83
CRC FOB Black Sea Weekly STRRB00 $/mt 1100.00–1105.00 1102.50 0.00
Cold-rolled coil import assessments
CRC East Asia imports CFR Monthly SB01084 $/mt 972.00–972.00 972.00 +5.65
CRC Europe imports CIF Southern Europe port Monthly SB01085 €/mt 1195.00–1205.00 1200.00 0.00
CRC Turkey imports CFR Turkish port Monthly SB01093 $/mt 1245.00–1255.00 1250.00 -4.58
CRC DDP Houston Daily STRRG00 $/st – 1740.00 0.00
CRC CIF Antwerp Daily STRRA00 €/mt 1180.00–1190.00 1185.00 -1.25
Cold-rolled coil domestic assessments
Platts South European CRC, EXW Italy Weekly SB01091 €/mt – 1312.00 +0.15

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 2
Steel Price Report August 5, 2021

Flat products
Frequency Platts symbol Unit Range Midpoint/Close % change
CRC Ex-stock Shanghai VAT-inclusive Weekly SB01082 Yuan/mt 6300.00–6300.00 6300.00 -1.56
Platts TSI CRC Turkey domestic EXW Weekly SB01092 $/mt – 1270.00 -0.78
CRC Mexico domestic production delivered Weekly SB01086 $/mt 2035.18–2085.43 2060.31 +0.78
CRC Mexico domestic production delivered Weekly SB01403 pesos/mt 40500.00–41500.00 41000.00 0.00
CRC Brazil domestic production EXW taxes excluded Weekly SB01080 Real/mt 7400.00–7600.00 7500.00 0.00
Platts North European CRC, EXW Ruhr Daily STRRE00 €/mt – 1310.00 0.00
Platts TSI CRC EXW Indiana Daily STRRI00 $/st – 2095.75 -0.02
Hot dip galvanized assessments
HDG China export FOB Shanghai Monthly SB01119 $/mt 990.00–990.00 990.00 +3.45
HDG DDP Houston Monthly SB01124 $/st – 1890.00 0.00
Platts North European HDG Coil, EXW N.EU Wkly Weekly SB01125 €/mt – 1335.00 -0.37
Platts South European HDG Coil, EXW Italy Wkly Weekly SB01126 €/mt – 1320.00 0.00
Platts Turkey HDG Ex-Works Wkly Weekly SB01127 $/mt – 1310.00 -0.76
Platts TSI US HDG-HRC EXW Indiana Daily AHDGA00 $/st – 2104.25 0.00
Platts TSI US HDG-CRC EXW Indiana Daily ATSIA00 $/st – 2111.75 0.00
Platts TSI US HDG-CRC EXW Indiana, incl. G90 Daily TS01010 $/st – 2191.75 0.00
HDG Ex-stock Shanghai VAT-inclusive Monthly SB01118 Yuan/mt 6890.00–6890.00 6890.00 +6.82
HDG Brazil domestic production EXW taxes excluded Weekly SB01117 Real/mt 7900.00–8300.00 8100.00 0.00
Plate assessments
Plate commercial grade China export FOB Shanghai Monthly SB01180 $/mt 935.00–935.00 935.00 +4.47
Plate Europe imports CIF Southern Europe port Monthly SB01182 €/mt 900.00–910.00 905.00 -4.74
Plate CFR East Asia (Dangjin, South Korea port) Weekly TS01043 $/mt – 971.00 +0.10
Plate DDP Houston Daily STPGM00 $/mt – 1653.44 +11.94
Plate Ex-stock Shanghai VAT-inclusive Monthly SB01178 Yuan/mt 5670.00–5670.00 5670.00 +5.98
Platts South European Plate, EXW Italy Wkly Weekly SB01185 €/mt – 950.00 0.00
Plate DDP Houston Daily STPRG00 $/st – 1500.00 +11.94
Platts TSI Plate Delivered US Midwest Daily STPRI00 $/st – 1656.25 0.00
Platts North European Plate, EXW Ruhr Wkly Weekly STPRE00 €/mt – 1050.00 -1.87

Lead times (weeks)*


Close Previous Change
US Hot-rolled coil 8.3 8.3 0.0
US Cold-rolled coil 10.2 10.0 0.2
US Hot-dip galvanized 11.1 11.1 0.0
US Plate 9.5 9.5 0.0
*Weekly (assessed August 4)

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 3
Steel Price Report August 5, 2021

Long products
Frequency Platts symbol Unit Range Midpoint % change
Square bar prices
Square bar FOB China Daily STSBF00 $/mt 740.00–740.00 740.00 0.00
Rebar export prices
Rebar FOB Turkey Daily STCBM00 $/mt 704.00–706.00 705.00 0.00
Rebar FOB China Daily STCBZ02 $/mt 750.00–752.00 751.00 0.00
Rebar import prices
Rebar DDP Houston Weekly STCBG00 $/st – 940.00 0.00
Rebar CFR Southeast Asia Daily SB01195 $/mt 748.00–748.00 748.00 0.00
Rebar domestic prices
Rebar EXW US Southeast Weekly STCBC00 $/st 950.00–970.00 960.00 0.00
Platts Rebar EXW Northwest Europe Weekly STCBE00 €/mt – 845.00 0.00
Rebar Ex-stock Beijing VAT-inclusive Daily SB01198 Yuan/mt 5300.00–5300.00 5300.00 +0.38
Rebar North America domestic production Ex-mill US Midwest Weekly SB01202 $/st 960.00–980.00 970.00 0.00
Rebar EXW Jiangsu VAT-inclusive Weekly SB01259 Yuan/mt 5350.00–5350.00 5350.00 +0.94
Rebar CPT Moscow Weekly AAXJG00 Rb/mt 53000.00–55000.00 54000.00 -5.68
Rebar Mexico domestic production delivered Weekly SB01199 $/mt – 1085.43 +0.78
Rebar Mexico domestic production delivered Weekly SB01603 pesos/mt – 21600.00 0.00
Platts Index Rebar Mexico domestic Monthly SBMAU03 Index base 100 – 186.78 +3.39
Wire rod export prices
Wire rod mesh quality Black Sea exports FOB Monthly SB01243 $/mt 815.00–820.00 817.50 +1.55
Wire rod mesh quality China exports FOB Shanghai Weekly SB01261 $/mt 845.00–845.00 845.00 -1.74
Wire rod mesh quality Latin America exports FOB Latin America port Monthly SB01248 $/mt 820.00–835.00 827.50 +0.30
Wire rod mesh quality Turkey exports FOB Turkish port Monthly SB01251 $/mt 820.00–825.00 822.50 +1.54
Wire rod domestic prices
Wire rod mesh quality North America domestic production Ex-mill US Midwest Weekly SB01249 $/st 1100.00–1130.00 1115.00 0.00
Wire Rod Ex-stock Shanghai VAT-inclusive Weekly SB01262 Yuan/mt 5480.00–5480.00 5480.00 -2.49
Platts TSI Boron-alloyed Wire Rod Price Change Index (Basis Oct 2010) North Europe domestic production delivered Monthly TSMBF03 €/mt – 397.00 +183.57
Merchant bar prices
Merchant bar Europe domestic production delivered Monthly SB01166 €/mt 885.00–895.00 890.00 +4.71
Beam
H-beam CFR Southeast Asia Monthly SB01114 $/mt 955.00–955.00 955.00 -1.55
Sections and other
Medium sections Europe domestic production delivered Weekly SB01160 €/mt 1045.00–1055.00 1050.00 0.00
Medium sections Turkey exports FOB Turkish port Monthly SB01162 $/mt 885.00–900.00 892.50 +1.13

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 4
Steel Price Report August 5, 2021

Stainless
Frequency Platts symbol Unit Range Midpoint % change
CR import prices
CR304 2B 2mm East Asia imports CFR Weekly SB01063 $/mt 3070.00–3070.00 3070.00 +3.37
CR domestic prices
CR304 2B 2mm coil base Northern Europe domestic production delivered Monthly SB01059 €/mt 920.00–950.00 935.00 0.00
CR304 2B 2mm coil transaction price Northern Europe domestic production delivered Monthly SB01061 €/mt 2835.00–2865.00 2850.00 +1.79
CR304 2B 2mm coil base Southern Europe domestic production delivered Monthly SB01060 €/mt 890.00–920.00 905.00 0.00
CR304 2B 2mm coil transaction price Southern Europe domestic production delivered Monthly SB01062 €/mt 2805.00–2835.00 2820.00 +1.81
CR304 Ex-warehouse Foshan VAT-inclusive Monthly SB01058 Yuan/mt 20700.00–21600.00 21150.00 +18.82

CR316 2B 2mm coil base Northern Europe domestic production delivered Monthly SB01067 €/mt 1300.00–1340.00 1320.00 0.00
CR316 2B 2mm coil transaction price Northern Europe domestic production delivered Monthly SB01069 €/mt 4225.00–4265.00 4245.00 +6.52
CR316 2B 2mm coil base Southern Europe domestic production delivered Monthly SB01068 €/mt 1270.00–1310.00 1290.00 0.00
CR316 2B 2mm coil transaction price Southern Europe domestic production delivered Monthly SB01070 €/mt 4195.00–4235.00 4215.00 +6.57
CR430 BA 2mm coil base Northern Europe domestic production delivered Monthly SB01075 €/mt 850.00–950.00 900.00 0.00
CR430 BA 2mm coil transaction price Northern Europe domestic production delivered Monthly SB01077 €/mt 1720.00–1820.00 1770.00 +2.02
CR430 BA 2mm coil base Southern Europe domestic production delivered Monthly SB01076 €/mt 830.00–930.00 880.00 0.00
CR430 BA 2mm coil transaction price Southern Europe domestic production delivered Monthly SB01078 €/mt 1700.00–1800.00 1750.00 +2.04
CR430 Ex-warehouse Foshan VAT-inclusive Monthly SB01074 €/mt 11300.00–11300.00 11300.00 +17.40
Other domestic stainless prices
HR304 Ex-warehouse Foshan VAT-inclusive Monthly SB01136 Yuan/mt 19700.00–19800.00 19750.00 +19.70
430F drawn Bar 8-25mm diameter base Europe domestic production delivered Monthly SB01005 €/mt 115.00–125.00 120.00 0.00
304L bright bar 25-80mm diameter transaction price Europe domestic production delivered Monthly SB01003 €/mt 3245.00–3345.00 3295.00 +2.01
304L bright bar 25-80mm diameter base Europe domestic production delivered Monthly SB01002 €/mt 75.00–85.00 80.00 0.00
430F drawn Bar 8-25mm diameter transaction price Europe domestic production delivered Monthly SB01006 €/mt 2335.00–2435.00 2385.00 +4.38
Alloy surcharge domestic prices
Alloy surcharge 304 coil Europe domestic production Monthly SB01008 €/mt 1901.00–1933.00 1917.00 +2.60
Alloy surcharge 316 coil Europe domestic production Monthly SB01011 €/mt 2902.00–2946.00 2924.00 +9.62
Alloy surcharge 430 coil Europe domestic production Monthly SB01015 €/mt 860.00–875.00 867.50 +3.64
Alloy surcharge 304L bright bar Europe domestic production Monthly SB01010 €/mt 2363.00–2687.00 2525.00 +2.77
Alloy surcharge 316L bright bar Europe domestic production Monthly SB01013 €/mt 3621.00–3740.00 3680.50 +10.18
Alloy surcharge 420 bright bar Europe domestic production Monthly SB01014 €/mt 932.00–1000.00 966.00 +7.57
Alloy surcharge 430F bright bar Europe domestic production Monthly SB01017 €/mt 1140.00–1240.00 1190.00 +10.19

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 5
Steel Price Report August 5, 2021

Pipe and tube


Frequency Platts symbol Unit Range Midpoint % change
WeldPipe OCTG carbon steel ERW J55 4 1/2-8 5/8 inch North America domestic production Ex-mill US Monthly SB01253 $/st 1900.00–2000.00 1950.00 +11.43
WeldPipe OCTG carbon steel ERW J55 4 1/2-8 5/8 inch North America imports EDDP Gulf port Monthly SB01254 $/st 1700.00–1800.00 1750.00 +7.69
7 inch steel OCTG FOB Tianjin Monthly AAXNI00 $/mt 1050.00–1050.00 1050.00 +2.44
7 inch steel OCTG FOB Tianjin Monthly AAXNK00 $/ft 10.95–10.95 10.95 +2.43

Semi-finished
Frequency Platts symbol Unit Range Midpoint % change
Billet Ex-stock Tangshan VAT-inclusive Daily SB01032 Yuan/mt 5150.00–5150.00 5150.00 -0.96
Billet CFR China Daily CBLCA00 $/mt 703.00 -0.28
Billet Turkey exports FOB Monthly SB01039 $/mt 655.00–665.00 660.00 +1.93
Billet CFR Southeast Asia Daily SB01035 $/mt 700.00–700.00 700.00 0.00
Billet Latin America exports FOB Latin America port Monthly SB01037 $/mt 640.00–650.00 645.00 +1.57
Billet Turkey imports CFR Turkish port Monthly SB01040 $/mt 670.00–675.00 672.50 +3.86
Billet FOB Black Sea Daily STBLB00 $/mt – 640.00 -0.78
Slab Black Sea exports FOB Weekly SB01233 $/mt 780.00–800.00 790.00 0.00
Slab CFR Southeast Asia Monthly SB01235 $/mt 875.00–875.00 875.00 +1.16
Slab Brazil exports FOB Brazilian ports Weekly SB01236 $/mt 915.00–940.00 927.50 -3.89

Platts TSI steel assessments currency and unit comparisons, August 5


Prior assessment
€/mt $/mt $/st $/CWT $/mt $ change % change
Hot-rolled coil
Platts North European HRC, EXW Ruhr* STHRE00 1160.00*** STHRM00 1373.79 STHRD00 1246.30 STHRH00 62.33 1378.78 -4.99 -0.36
CIF Antwerp* STHRA00 980.00*** STHAM00 1160.61 STHAD00 1052.91 STHAH00 52.66 1171.67 -11.06 -0.94
Platts TSI HRC EXW Indiana** STHIE00 1757.63 STHIM00 2080.03 TS01018 1887.00*** STHIH00 94.35 2067.07 +12.96 +0.63
DDP Houston STHGE00 1443.72 STHGM00 1708.55 STHRG00 1550.00*** STHGH00 77.50 1785.71 -77.16 -4.32
Cold-rolled coil
Platts North European CRC, EXW Ruhr* STRRE00 1310.00*** STRRM00 1551.43 STRRD00 1407.46 STRRH00 70.39 1550.39 +1.04 +0.07
CIF Antwerp* STRRA00 1185.00*** STRAM00 1403.40 STRAD00 1273.16 STRAH00 63.68 1420.20 -16.80 -1.18
Platts TSI CRC EXW Indiana** STRIE00 1952.06 STRIM00 2310.13 STRRI00 2095.75*** STRIH00 104.79 2310.68 -0.55 -0.02
DDP Houston STRGE00 1620.70 STRGM00 1917.99 STRRG00 1740.00*** STRGH00 87.00 1917.99 0.00 0.00
Plate
Platts TSI Plate Delivered US Midwest** STPIE00 1542.69 STPIM00 1825.67 STPRI00 1656.25*** STPIH00 82.81 1825.67 0.00 0.00
DDP Houston STPGE00 1397.16 STPGM00 1653.44 STPRG00 1500.00*** STPGH00 75.00 1477.07 +176.37 +11.94
Reinforcing bar
Platts EXW Northwest Europe* STCBE00 845.00*** STCNM00 1000.06 STCND00 907.25 STCNH00 45.37 997.69 +2.37 +0.24
East Mediterranean, basis Turkey* STCEE00 595.29 STCBM00 705.00*** STCED00 639.58 STCEH00 31.99 705.00 0.00 0.00
EXW US Southeast** STCCE00 892.27 STCCM00 1058.20 STCBC00 960.00*** STCCH00 48.00 1058.20 0.00 0.00
DDP Houston STCGE00 873.69 STCGM00 1036.16 STCBG00 940.00*** STCGH00 47.00 1036.16 0.00 0.00
*LN 16:30 €/$ ex rate = 1.3776; **NY 16:30 $/Eur ex rate = 0.7282. ***the primary assessments and have not been converted

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 6
Steel Price Report August 5, 2021

Steel mill economics: global spreads, August 5, 2021


Assessment Rationale ... from page 1
Frequency Platts symbol Unit Spread Change % change
HRC ASEAN spread (TSI) Daily AOPFE00 $/mt 452.22 +18.26 +4.21 The Marmara mill confirmed the sale totaling 15,000 mt to
HRC China export spread (Platts) Daily AOPKE00 $/mt 459.22 +18.26 +4.14 Singapore but did not disclose price or any other additional
information regarding extras or product specifications.
Rebar China export spread (Platts) Daily AOPLE00 $/mt 278.22 +18.26 +7.02
Another Turkish trader indicated a tradable value at a maximum
China HRC domestic steel mill margin (MVS) Daily AMVSA00 $/mt 70.24 -10.44 -12.94
$700/mt FOB.
China rebar domestic steel mill margin (MVS) Daily AMVSB00 $/mt 20.03 -4.94 -19.78 A third UK trader cited Turkish mill rebar offers at $700-$720/mt
Rebar scrap Turkey spread (Platts: TSI) Daily AOPGE00 $/mt 242.50 +2.00 +0.83 FOB, with an indicative tradable value for 10,000 mt on firm bid at
Rebar Black Sea billet spread (Platts) Daily AOPHE00 $/mt 65.00 +5.00 +8.33 $690/mt FOB.
HRC scrap US spread (TSI) Daily AOPIE00 $/st 1455.08 +11.53 +0.80 Another Marmara mill source put a mill offer at $720-$725/mt FOB.
Rebar scrap US spread (Platts: TSI) Daily AOPJE00 $/st 528.08 -0.22 -0.04 Another UK trader indicated a workable level of $715/mt FOB, with
For spreads calculation and assessment methodology, please go to: http://platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/steel.pdf mill offers at around $725/mt FOB.
No data were excluded from the assessment.
The above rationale applies to the Platts daily Turkish rebar
assessment, with the associated market data code STCBM00.

CHINA HRC DOMESTIC STEEL MILL MARGIN, MVS CHINA REBAR DOMESTIC STEEL MILL MARGIN, MVS Platts US HRC daily index rationale
($/mt) ($/mt)
300 300
250
The S&P Global Platts TSI US hot-rolled coil index was calculated at
250
$1,887/st EXW Indiana Aug. 5, up $11.75 from Aug. 4.
200
200 A Midwest service center was able to place an order at $1,870/st
150 for 300 st of September production from an integrated mill.
150
100 Another service center source, meanwhile, reported transactions
100 that would total about 1,500 st from two separate mills with
50
50 September and October lead times at $1,900/st. The bulk of recent
0
indications fell within the $1,860-$1,900/st range.
0 -50
12-May 26-May 09-Jun 24-Jun 08-Jul 22-Jul 05-Aug 12-May 26-May 09-Jun 24-Jun 08-Jul 22-Jul 05-Aug No data was excluded from the index. The above rationale applies
to the daily Platts TSI US HRC EXW Indiana index, with the
associated market data code: STHRI00

REBAR SCRAP TURKEY SPREAD, PLATTS, TSI


($/mt)
270

260

250

240

230

220

210
12-May 26-May 10-Jun 24-Jun 08-Jul 22-Jul 05-Aug

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 7
Steel Price Report August 5, 2021

Platts Turkey ARC tracker PLATTS TURKEY ARC STEEL TRACKER BASED ON 30-DAY AVERAGES
Indexes against 30-day and 60-day moving averages (%)
15
5-Aug 4-Aug
vs 30-day vs 60-day vs 30-day vs 60-day
10
Scrap FETKF10 -1.76% FETKG10 -2.00% FETKF10 -1.58% FETKG10 -1.72%
FETKF00 -$8.13 FETKG00 -$9.24 FETKF00 -$7.34 FETKG00 -$7.99 Billet 30
5
Rebar 30
Billet FETKH10 4.90% FETKI10 5.80% FETKH10 5.65% FETKI10 6.24%
FETKH00 +$33.06 FETKI00 +$39.16 FETKH00 +$38.45 FETKI00 +$42.45 Scrap 30
0
Market direction
Rebar FETKJ10 -2.86% FETKK60 -3.10% FETKJ10 -3.59% FETKK60 -3.72%
FETKJ00 -$20.16 FETKK00 -$21.88 FETKJ00 -$25.28 FETKK00 -$26.20 -5

Market direction FETKE20 -1.17% FETKE00 -$7.00 FETKE20 2.03% FETKE00 +$13.25
-10
Composite Index 30-Mar 16-Apr 04-May 19-May 04-Jun 21-Jun 06-Jul 21-Jul 05-Aug
(July, 6, 2012 =100) FETKL00 117.84 FETKL00 118.29 Platts Turkey ARC is a relative strength indicator for Platts Turkey Rebar FOB, Platts Black Sea Billet CFR Turkey basis
and Benchmark TSI Scrap CFR prices*. The daily index for each commodity shows the degree the price is over or below
the average of price relationships with the others for the past 30 or 60 days, with 0 as equilibrium. Indices provide trading
price signals for the commodity or for the wider complex, and potential changes in demand and supply for the steel
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Steel Price Report August 5, 2021

Exchange steel futures Steel industry data


Platts symbol Close % change Platts symbol ('000 mt) Change
Rebar futures, China (Yuan/mt) Monthly crude steel production (May)
Shanghai Futures Exchange rebar 1 month XHRC001 5445.00 -0.04 World (66 reporting countries) IISIA03 174375.82
+4798.24
Shanghai Futures Exchange rebar 2 month XHRC002 5310.00 -1.34 Source: World Steel Association
Shanghai Futures Exchange rebar 3 month XHRC003 5373.00 -1.49
American Iron and Steel Institute data
Shanghai Futures Exchange rebar 4 month XHRC004 5376.00 -1.43
AISI raw steel US production weekly (tons) AISII04 1876000.00
+8000.00
Shanghai Futures Exchange rebar 5 month XHRC005 5400.00 -1.50
AISI raw steel US capability utilization weekly (%) AISIH04 85.00 +0.40
Shanghai Futures Exchange rebar 6 month XHRC006 5406.00 -1.42
Shanghai Futures Exchange rebar 7 month XHRC007 5293.00 -1.62
Shanghai Futures Exchange rebar 8 month XHRC008 5287.00 -1.29
Shanghai Futures Exchange rebar 9 month XHRC009 5301.00 -0.06 AISI US RAW STEEL PRODUCTION AISI % US CAPABILITY UTILIZATION
Shanghai Futures Exchange rebar 10 month XHRC010 5272.00 -1.37 (million st) (%)
Shanghai Futures Exchange rebar 11 month XHRC011 5252.00 -1.26 1.89 85
Shanghai Futures Exchange rebar 12 month XHRC012 5254.00 -0.85 1.88
1.87 84
Hot-rolled coil futures, US ($/st)
1.86
CME Globex US Midwest domestic HRC 1 month XNHR001 1870.00 +1.63
1.85 83
CME Globex US Midwest domestic HRC 2 month XNHR002 1865.00 +1.08
CME Globex US Midwest domestic HRC 3 month XNHR003 1760.00 +0.98 1.84
CME Globex US Midwest domestic HRC 4 month XNHR004 1684.00 +1.69 1.83 82
26-Jun 03-Jul 10-Jul 17-Jul 24-Jul 31-Jul 26-Jun 03-Jul 10-Jul 17-Jul 24-Jul 31-Jul
CME Globex US Midwest domestic HRC 5 month XNHR005 1629.00 +0.87
CME Globex US Midwest domestic HRC 6 month XNHR006 1590.00 +0.13
CME Globex US Midwest domestic HRC 7 month XNHR007 1550.00 -0.64
CME Globex US Midwest domestic HRC 8 month XNHR008 1475.00 -0.67
CME Globex US Midwest domestic HRC 9 month XNHR009 1455.00 0.00
CME Globex US Midwest domestic HRC 10 month XNHR010 1385.00 0.00
CME Globex US Midwest domestic HRC 11 month XNHR011 1330.00 0.00
CME Globex US Midwest domestic HRC 12 month XNHR012 1250.00 0.00

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Steel Price Report August 5, 2021

Subscriber Notes
Singapore National Day publishing schedule for Platts Asia Metals written comments, please provide a clear indication if comments Platts Metal Alert (PMA) and STL page 0700.
The S&P Global Platts Singapore office will be closed on Monday, are not intended for publication by Platts for public viewing. Platts Judgment may be applied when analyzing pricing data to
Aug. 9, 2021 for the Singapore National Day holiday, and there will consider all comments received and will make comments not determine if it meets Platts editorial standards for publication and
will be no daily iron ore, coking coal, steel, alumina, copper, and marked as confidential available upon request. when normalizing values to reflect differences in time, location, and
other nonferrous metals assessments published from Singapore other trading terms.
on that day. Platts to harmonize US steel methodology to time-stamped The MOC process will replace the current volume-weighted average
The Platts CIF Japan spot and quarterly aluminum assessments will assessments index approach.
also not be published on Monday, Aug. 9, as Japan will be closed for S&P Global Platts will harmonize the underlying methodology for its A full description of the assessments' methodology can be found at
Mountain Day. US hot-rolled coil (HRC), cold-rolled coil (CRC), hot-dip galvanized https://www.spglobal.com/platts/en.
Normal Singapore and Japan publishing schedules will resume on (HDG), plate steel prices and US Midwest shredded scrap, adopting The prices affected by the change can be found in Steel Business
Tuesday, Aug. 10, 2021. For full details of Platts' publishing schedule a Market on Close assessment process, effective Oct. 1. Briefing, Steel Markets Daily, Steel Price Report and World Steel
and services affected, refer to http://www.platts.com/ The change was scheduled for July 1 following the original proposal Review.
HolidayHome. For queries, please contact [email protected]. note on April 8: In addition, the prices are listed under Platts Metals Alert pages
https://www.spglobal.com/platts/en/our-methodology/subscriber- 1205, 1206, 1228, 1248, 1318 and in the Platts database under the
Platts discontinues SBB Steel Tube and Pipe Price Trackers notes/040821-platts-proposes-to-harmonize-us-steel- following codes: TS01018, TS01005, AHDGA00, ATSIA00, STPRI00,
S&P Global Platts has discontinued two SBB Steel Tube and Pipe methodology-to-time-stamped-assessments FEMWD00.
Price Trackers: Tube & Pipe Price Tracker World (SBIAY00) and Tube The decision was based off of extensive market feedback and helps
Description Daily Code Mavg
& Pipe Price Tracker North America (SBIAP00). to align the Platts pricing approach across regions. Most steel
These steel price trackers were calculated using fixed weightings of prices published by Platts, including the majority of global HRC and HRC US EXW Indiana TS01018 TSMAR03
various price assessments published by Platts. Since their launch, CRC prices as well as raw materials, already follow the MOC CRC US EXW Indiana TS01005 TSMAE03
world steel trade flows have changed considerably, as have world assessment methodology. HDG-HRC US EXW Indiana AHDGA00 AHDGA03
output balances. More recently, due to changes in tariffs and duties Platts will adopt the MOC approach for daily US HRC, CRC, HDG and HDG-CRC US EXW Indiana ATSIA00 ATSIA03
designed to protect local markets against imports, regional steel plate prices, as well as Midwest shredded scrap. These prices will
Plate Delivered US Midwest STPRI00 STPRI03
pricing has differed more markedly than in previous years. be reflecting the repeatable market value at 3:30 PM EST market
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the publications that housed these steel price trackers, including By giving a clear time stamp for assessments, the MOC process is
Please send any feedback, comments or questions about this
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© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 10
Steel Price Report August 5, 2021

Trade Case Status Report


Complainant Duties Product(s) Origin(s) Status/comments
North America
US Import tariff Steel Global The US implemented a 25% tariff on steel imports as of March 2018, excuding imports from Australia. Canada and Mexico were exempted May
19, 2019. In December 2019 President Trump said tariffs on Brazil and Argentina would be reinstated; the countries have been subject to import
quotas since 2018.
US Quota Steel South Korea An agreement was reached in March 2018 on changes to the US-Korea Free Trade Agreement, also known as KORUS. Imports of steel from South
Korea will be subject to a product-specific quota equivalent to 70% of the average annual import volume of such products during the period of
2015-2017.
US Quota Steel Brazil Brazil in May 2018 accepted a hard quota system proposed by the US, which includes a 70% annual limit on finished steel exports to the US based
on the average over 2015-2017. Semi-finished products are eligible for a 100% quota under the same scheme.
US AD HRC China In a final determination in September 2018, Commerce said that China’s Baosteel, Shanghai Meishan Iron & Steel, and Union Steel China did not
demonstrate the need to be assigned a separate rate and will therefore be subject to the China-wide rate of 90.83%
US AD HRC Australia, Brazil, Japan, Final dumping margins set at 3.73% for the Netherlands, 73.59%-184.56% for Russiamand 33.06% for the UK. Final AD rate set at 0% for Japan
Netherlands, Russia, South Korea, in Sept. 2020; final AD rate for Australia’s BlueScope set at 2.72% in Oct. 2020; final margins for Turkey at 0%-2.73%. Prelim margins set at
Turkey, UK 0%-11.7% for Japan, 21.48% for Turkey and 7.96% for Australia in Feb. 2021
US CVD HRC Brazil, South Korea, Turkey Final duties applied at 11.09%-30.51% for Brazil. Negative determination made regarding Turkey. Final subsidy rates lowered to 0.54%-0.58% for
South Korea in June 2019 following an administrative review. Hyundai Steel assigned a preliminary subsidy rate of 0.51% in Feb. 2021
US AD CRC Brazil, China, India, Japan, Russia, The ITC found no injury from Russian imports. Final duties remain for China 265.79%, Japan 71.35%, Brazil 9.58%-35.43%, UK 5.4%-25.56% and
South Korea, UK India 7.6%. Duties removed on South Korean CRC in July 2020. Preliminary duties for Liberty Performance Steels set at 8.65% in July 2021
US CVD CRC Brazil, China, India, South Korea, Final duties at 256.44% for China, 11.09%-11.31% for Brazil, 10% for India and 0.62-6.95% for Russia. Final subsidy rates for South Korean
Russia producers set at 0.54%-0.56% in July 2019 following an administrative review
US AD, CVD Corrosion- Costa Rica, Guatemala, Malaysia, Commerce issued a final determination in July 2020 finding that steel substrate shipped to Costa Rica and the UAE for minor processing, and
resistant steel South Africa, UAE then exported to the US as CORE, is circumventing the existing AD and CVD orders on CORE from China. Final affirmative determination on CORE
products completed in Malaysia using substrate from China and Taiwan issued in June 2021. Negative findings issued for Guatemala and South
Africa
US AD, CVD CRC and Vietnam/China Final AD and CVD cash deposit rates for CORE produced in Vietnam using Chinese-origin substrate set at 199.43% and 39.05%, respectively, in line
corrosion- with those levied against China. AD and CVD cash deposits on CRC imports at 265.79% and 256.44%, respectively, in line with Chinese rates.
resistant steel
US AD, CVD CRC and Vietnam, South Korea, Taiwan Commerce in December 2019 issued a final affirmative circumvention determination. The rulings involve steel produced in South Korea and Taiwan
corrosion- that is then shipped to Vietnam for minor processing before being exported to the US. Applicable cash deposit rates as high as 456.23% depending
resistant steel on the origin of the substrate.
US AD, CVD Galvanized China Commerce found a 199.43% dumping margin and a 39.05%-256.44% range of subsidy rates
sheet
US AD Rebar Japan, Taiwan, Turkey Final margins of 206.43%-209.46% for Japan and 3.50%-32.01% for Taiwan set in 2017. Final AD margin set at 3.27% for Taiwan’s Power Steel in
Sept. 2020 on review. Final margins for Turkey set at 5.3%-12.41% in May 2021
US AD Rebar Mexico Preliminary AD margins set at 6.75%-7.25% in January 2020 on review; Commerce in June 2020 ruled rebar “bent at one or both ends (hooked or
bent rebar)” and produced or exported by Deacero circumvent the existing AD order, with dumping duties of up to 7.25%
US CVD Rebar Turkey Commerce in June 2020 ruled rebar “bent at one or both ends (hooked or bent rebar)” and produced or exported by Deacero circumvent the
existing AD order, with dumping duties of up to 7.25%. Preliminary AD margins set at 5.05% in March 2021 review
US AD Rebar Belarus, China, Indonesia, Latvia, After a third sunset review in October 2018, duties will remain in place at 114.53% for Belarus, 113% for China, 71.01% for Indonesia, 16.99% for
Moldova, Poland, Ukraine Latvia, 232.86% for Moldova, 52.07% for Poland, and 41.69% for Ukraine
US AD Cut-to-length South Korea Commerce set final dumping margins of 2.26%-2.49% in May 2020 following an administrative review. POSCO assigned a final AD margin of 0% in
plate March 2021. Hyundai Steel Co., Dongkuk Steel Mill, BDP International, and Sung Jin Steel were assigned a preliminary weighted-average dumping
margin of 0.68%, according to a decision notice dated June 16 as a result of an administrative review.
US AD Cut-to-length Austria, Belgium, Brazil, China, Final duty of 174.03% set for Germany’s Salgitter in July 2019 on review; Austria’s final duty lowered to 28.57% in March 2019. Final duties for
plate France, Germany, Italy, Japan, Taiwan set at 2.59% in December 2019. Final duties of 8.64%-12.29% for Belgium and 1.23%-1.39% for Italy set in March 2021 following review
South Korea, South Africa, Taiwan,
Turkey

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 11
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

US CVD Cut-to-length Brazil, China, South Korea Final subsidy rate set at 251% for China. ITC terminated the Brazilian subsidy investigation. Subsidy rate for Jiangsu Tiangong Tools, Tiangong
plate Aihe, Jiangsu Tiangong Group, and Jiangsu Tiangong Mould Steel R&D Center was lowered to 24.04%. Final subsidy rates for some South Korean
producers set at 0.5% in Dec. 2020
US AD Corrosion Taiwan Final dumping margins set at 0.51%-6.84% in March 2020 on review
resistant steel
US AD Corrosion- China, India, Italy, South Korea, Final AD duties of 199.43% for China, 3.05%-22.57% for India and 12.63%-92.12% for Italy. Final AD rate for India’s Uttam Galva set at 71.09% in
resistant sheet Taiwan June 2019 following administrative review. Final duties set at 1.53% for Taiwan in May 2021. Duties for some South Korean producers lowered to
0.66%-0.74% in July 2021
US CVD Corrosion- China, India, Italy, South Korea, Final CVD margins of 11.3%-588.43% for India; de minimis to 38.51% for Italy and 0% for Taiwan. Final duties for South Korea set at 0.51%-6.83%
resistant sheet Taiwan in June 2021 on review
US CVD Structural tube Turkey Final subsidy rates of 15.08%-23.37% set in July 2016; Final subsidy rate for Ozdemir Boru Profil set at 1.18% in November 2018 following review
US AD Structural tube Mexico, South Korea, Turkey Final duties of 2.34%-3.82% for Korea, 3.83%-5.21% for Mexico and 17.73%-35.66% for Turkey
US AD Mechanical China, Germany, Italy, India, South Commerce set final dumping margins of 45.15%-186.89% for China, 3.11%-209.06% for Germany, 30.67%-48% for South Korea, and 7.66%-
tube Korea, Switzerland 30.48% for Switzerland in June 2018. Final AD margins of 10.99% and 7.96% set for Italy and India, respectively, in April 2021 following review.
Preliminary margins of 13.06% set for India in June 2021 review. Preliminary AD duty for Italy set at zero in July 2021
US CVD Mechanical China, India Final subsidy rate of 18.27%-21.41% for China and 8.02%-42.6% for India. Prelim CVD rate of 5.32% to 7.70% set for India in June prelim review.
tube
US AD, CVD Welded India Final AD margins of 2.03%-7.19% set in May 2019 following an administrative review. Final subsidy rates of 3.13%-4.65%
stainless
pressure pipe
US AD Welded carbon- Oman, South Korea Final margins of 8.14%-10.91% set for South Korean producers in May 2019 following administrative review. Oman’s Al Jazeera Steel Products Co.
quality steel assigned a final AD rate of 1.56% in April 2021 following review
pipe
US AD, CVD Circular welded Oman, Pakistan, UAE Final dumping margins formalized for Oman at 7.24% and Pakistan at 11.8%. Final duties set for UAE at 2.49%-3.63% in Dec. 2020
carbon-quality
steel pipe
US AD Welded carbon Turkey, India India’s Garg Tube was assigned a final weighted-average dumping margin of 13.9%, while exporters from Turkey subject to review were assigned a
steel standard final weighted-average dumping margin of 12.03% in March 2021
pipe
US AD Circular welded Thailand In May 2019 Commerce set a preliminary weighted-average dumping margin of 5.32% for Saha Thai Steel Pipe and other producers
steel pipe and
tube
US CVD Seamless pipe China As a result of a mandated “sunset review” Commerce found that revocation of the CVD order “would likely lead to the continuation or recurrence of
countervailable subsidies” at the levels indicated in a June 2 Federal Register notice. Those levels were determined to be 8.24% for a group of five
companies including Tianjin Pipe, and 49.56% for a group of 11 companies including Hengyang Steel, Wuxi Seamless Special Pipe and Hunan Valin
Iron and Steel. The “all others” rate was set at 28.9%.
US AD Seamless pipe China After an expedited sunset review, the US Department of Commerce determined that revocation of the antidumping duty (AD) order on seamless
carbon and alloy steel standard, line and pressure pipe from China would likely lead to continuation or recurrence of dumping in the US market.
Commerce said the magnitude of the dumping margins likely to prevail would be up to 98.7% according to a June notice.
US AD Small-diameter Germany ITC affirmed duties will be extended for another five years in February 2018 as Commerce determined revocation of the duty would lead to a
seamless pipe weighted-average dumping margins of up to 57.72%.
US CVD Circular welded Turkey Commerce set preliminary subsidy rates of 0.92% for Borusan Mannesmann, 1.53% for Toscelik Profil, and 1.53% for all other Turkish producers in
pipe May 2019 in an administrative review
US AD Circular welded China Dumping margins of up to 85.55% extended for another five years in April 2019 following sunset review
pipe

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 12
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

US AD Circular welded Taiwan Final duties of 2.73% set for Taiwan in January 2020 following administrative review
pipe and tube
US AD Welded line South Korea Preliminary dumping margins set at 3.45%-4.81% in February 2020 following administrative review
pipe
US AD Welded non- Mexico, South Korea Following an administrative review of the November 1, 2015- October 31, 2016 period, Commerce set a weighted-average dumping margin at
alloy steel pipe 48.33% for Maquilacero, while Productos Laminados de Monterrey’s dumping margin was set at zero. Final weighted dumping margins were set at
7.71%-30.85% for South Korea.
US AD Seamless Japan, Romania Duties extended for another five years in November 2017. Japan is under duties of 68.88%-107.8% for large and small diameter pipe. Romania
standard, line faces 11.08%-15.15% for small diameter pipe.
and pressure
pipe
US AD Stainless steel Belgium, South Africa, Taiwan ITC extended AD and CVD duties for another five years in November 2017. AD duties at 8.54% for Belgium, 41.63% for South Africa and 10.2% for
plate in coil Taiwan
US AD, CVD Stainless sheet China Final AD margins of 63.86% and 76.64% and final CVD duties of 75.6%-190.71%
and strip
US AD, CVD Stainless sheet Japan, South Korea, Taiwan ITC extended duties of 57.89% for Japan, 58.79% for Korea and 21.1% for Taiwan for another five years in September 2017. South Korea assigned
and strip final subsidy rates of 0.54%-4.64%
US AD Stainless India Following a changed circumstances review, Commerce set a final weighted-average dumping margin of 30.92% for Viraj Profiles and Venus Wire
seamless pipe Industries. The duties will also apply to companies affiliated with Venus Wire.
US AD Large-diameter Canada, China, Greece, India, South Final dumping margins set at 12.32% for Canada, 132.63% for China, 9.96% for Greece, 50.55% for India, 7.03%-20.39% for South Korea and
welded line Korea, Turkey 2.57%-5.05% for Turkey
pipe
US CVD Large-diameter China, India, South Korea, Turkey Final rates at 541.5% for India and 0.01%-27.42% for South Korea. ITC voted to terminate CVD investigations on China and Turkey
welded line
pipe
US AD Stainless steel Japan, South Korea, Taiwan Dumping duties extended for an additional five years in August 2016 following sunset review
wire rod
US AD Wire rod Mexico Preliminary dumping margins set at 6.7% in December 2019 on review
US AD Wire rod Belarus, Italy, Russia, South Africa, Final dumping margins at 280.02% for Belarus, 12.41%-18.89% for Italy, 436.80%-756.93% for Russia, 135.46%-142.26% for S. Africa, 41.10%
South Korea, Spain, Turkey, UAE, for S. Korea, 84.10% for UAE, 34.98%-44.03% for Ukraine, 10.11%-32.64% for Spain, 3.84%-6.09% for Turkey, 147.63% for UK. POSCO assigned
UK, Ukraine a final AD margin of 0.94% in March 2021
US CVD Wire rod Italy, Turkey Final subsidy rates set at 3.85-3.88% for Turkey and 4.16%-44.18% for Italy
US AD Stainless steel India Dumping margins of 48.8% to remain for another five years, after May 2017 sunset review
wire rod
US AD, CVD OCTG South Korea Preliminary dumping margins of 0%-1.07% set for some South Korean producers on review in Jan. 2021
US AD OCTG Vietnam Preliminary dumping margin of 1.78% set for SeAH in November 2019 on review
US AD OCTG India In November 2018 the all others estimated weighted-average final dumping margin was set at set at 11.24%, up from 5.79% and in line with the
rate set for India’s Jindal SAW Ltd.
US AD OCTG Ukraine Commerce terminated a suspension agreement with Ukraine in July 2019; dumping margins set at 7.47%
US AD, CVD OCTG Turkey Negligible final subsidy rate set for Borusan Mannesmann in May 2021 following review
US AD Light Taiwan Duties of 40.97% upheld for another five years in August 2017 following sunset review
rectangular
tubing

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 13
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

US AD Light-walled Mexico US Commerce Department set final dumping rates of 4.23% to 5.44% on review in June 2021.
rectangular
pipe and tube
US AD Heavy -walled Mexico, Turkey Prelim duties for Turkey set at 35.66% in July 2019 on review; Cinar Boru Profil was found to have made no shipments. Final duties for Mexico set a
rectangular 0% in July 2021 following review
pipe and tube
US CVD Heavy -walled Turkey Commerce finalized negligible CVD rate for Turkey’s Ozdemir in April 2021
rectangular
pipe and tube
US AD, CVD Threaded rod China, India, Taiwan and Thailand Final AD duties set at 20.83% for Thailand in October 2019; final AD duties set at 4.26%-59.45% for China and 2.47%-28.34% for India in February
2020; final CVD duties set at 6.07%-211.72% for India
US AD, CVD Stainless sheet, Vietnam The US self-initiated a circumvention inquiry involving Chinese substrate in May 2020
strip
US AD, CVD Seamless pipe Czech Republic, Russia, South Commerce set final preliminary duties of 2.13% for South Korea in Dec. 2020. Czech Republic assigned final AD margin of 51.7% in March 2021.
Korea, Ukraine Commerce set final dumping margins of 209.72% for Russia, 23.75% for Ukraine, and 4.44% for South Korea. Commerce set final subsidy rates of
48.38% for Russia.
Canada Safeguard Heavy plate, Countries without a trade Canada introduced tariff-rate quotas on these products in May 2019 that are intended to last through October 24, 2021
stainless steel agreement
wire
Canada AD Heavy plate Taiwan, Germany, South Korea, Canada launched an investigation in May 2020
Malaysia, Turkey
Canada AD Plate Brazil, Denmark, Indonesia, Italy, The CBSA in October 2019 voted to continue duties of 28.9%-59.7% for Brazil, 1.9%-59.7% for South Korea, and 59.7% for Denmark, Indonesia,
Japan & South Korea Italy and Japan
Canada AD Plate China The Canada Border Services Agency decided to continue duties of 27.3% in March 2018 following an expiry review
Canada AD, CVD Large line pipe China, Japan Final dumping margins set at 95% for China and 22.1%-95% for Japan. China’s subsidy rate set at 30.3%
Canada AD Line pipe South Korea Final dumping margins of 4.1%-88.1%
Canada AD Welded pipe Taiwan Duties on Chung Hung and Shin Yang removed in September 2017. Duties against other Taiwanese exporters reduced to 29.6% from 54.2%
Canada AD Welded pipe Pakistan, Philippines, Turkey, Final margins of 66.8% for Pakistan, 18.1%-66.8% for the Philippines, 3.3%-45.8% for Turkey and 3%-54.2% for Vietnam set in January 2019
Vietnam
Canada AD HRC Brazil, China, Ukraine 77% dumping margins extended for five years from August 2016
Canada CVD HRC India 3,500 rupees/mt ($52/mt) duty extended for five years from August 2016
Canada AD Rebar Belarus, Hong Kong, Japan, Taiwan, Final determinations affirmed at 37.5% for Belarus, Taiwan 0%-108.5% , Hong Kong 54%, Portugal 2.4%, Spain 37%-108.5%, Japan 108.5%
Portugal, Spain
Canada AD, CVD Fabricated China, South Korea, Spain The Canada Border Services Agency (CBSA) found weighted average dumping margins of 32.9%-45.8% for China, 1.9%-45.8% for South Korea and
structural steel 0%-45.8% for Spain. CBSA set CVD of Yuan 152-11,656/mt for China
Canada AD, CVD Corrosion- Turkey, UAE and Vietnam Investigations launched in November 2019
resistant sheet
Canada AD Corrosion- China, India, Taiwan and South Final duties set at 3.6%-53.5% for China, 3.2%-33.2% for Taiwan, 9%-40% for South Korea and 40% for India in January 2019
resistant sheet Korea
Canada AD OCTG Mexico, Austria Canada launched investigations into OCTG imports from these countries in July 2021
Canada AD OCTG China, Taiwan, India, Indonesia, The CBSA in October 2019 initiated re-investigations to update the normal values and export prices of certain OCTG and seamless casing
Philippines, South Korea, Thailand,
Turkey, Ukraine, Vietnam
Canada AD, CVD CR coil and China, South Korea and Vietnam China received a final dumping margin of 91.9% and a subsidy rate of 11.6%, South Korea received a final dumping margin of 53% and subsidy rate
sheet of 11.3%, and Vietnam received a final dumping margin of 99.2% and subsidy rate of 6.5%.

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 14
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

Canada AD rebar Oman, Russia CBSA reported the margins of dumping, as a percentage of export price, as 8% for Oman exporters and 45% for Russian exporters, according to a
CBSA notice about the final determination on June 2.
Canada AD Rebar Algeria, Egypt, Indonesia, Italy, The CBSA assigned final dumping margins of 23.1% for Egypt, Italy, Malaysia and Singapore. Vietnam was assigned a final dumping rate of 10.5%,
Malaysia, Singapore and Vietnam while Algeria and Indonesia’s final dumping rates were set at 4.8% and 3.3%, respectively. The CITT issued its final injury determination in June
2021
Mexico AD Wire rod China Definitive duty of 49 cents/kg
Mexico AD CR sheet China Duties of 65.99%-103.41% imposed
Mexico CVD CR sheet China Duties of up to 103.42% on boron-added imports
Mexico AD Coated sheets China, Taiwan Definite antidumping duties of 22.22%-76.33% for China and 22.26%-52.57% for Taiwan
Mexico CVD HRC Russia, Ukraine Duties of 21% for Russia and 25% for Ukraine
Mexico AD Plate Italy, Japan Duties of $0.236/kg for Japan and $0.023/kg for Italy set in April 2019
Mexico AD Plate Russia Duty of 29.3% renewed for another five years in May 2017
Mexico AD Seamless pipe Japan Existing duty of 99.9% renewed for a further five years in October 2016
Mexico AD Welded tube China Final duties of $0.356-$0.618/kg on imports of welded steel tube shipped by Chinese exporters, regardless of the country of origin
Mexico AD Seamless tubes India, South Korea, Spain, Ukraine Final duties set at $0.1312/kg for South Korea, $0.3785/kg for Spain, $0.1701 for Ukraine and $0.2067 for India
Mexico CVD Seamless tubes India, South Korea, Spain, Ukraine Definitive duties of 20.67 cents/kg for India, 13.12 cents/kg for South Korea, 37.85 cents/kg for Spain, and 17.01 cents/kg for Ukraine
Mexico Import tariff Slabs, plates, Countries without free-trade Temporary import tariff of 15% extended in September 2019 to last through 2024. For some products, a gradual reduction in the tariff will be
HRC, CRC, wire agreements applied annually to 10%, 7% and 5% through September 22, 2023.
rod
Mexico AD Cold-rolled China, Taiwan The investigation officially started on March 27, 2019 and was published in the country’s official gazette on April 5.
stainless coil
South America
Argentina AD Welded and China The Commission of Foreign Trade imposed a 26% ad valorem anti-dumping tariff in May 2018
seamless pipes
Argentina Export tariff All exports, All domestic exporters For primary products, for every $1 exported, a duty of Argentinian Pesos 4 is charged, while for finished products, for every $1 exported a duty of
including steel Pesos 3 is charged.
Colombia AD Wire rod China AD duty issued in May 2016 for a period of five years and consists of a value corresponding to the difference between the FOB base price of $419/
mt and the FOB price declared by the importer
Colombia AD Casing and China Duties extended for three years in July 2017. The duty consists of an amount of 15% ad valorem corresponding to the difference between the base
tubing pipes price of $2,388.23/mt FOB and the FOB price value declared by the importer
Chile AD Wire rod All countries (China major importer) Definitive duties of 28.08%-38% set in May 2017
except Canada, Mexico, Peru and
developing countries that account
for no more than 3% of Chile’s rod
imports
Chile AD Steel bars for China Definitive duty of 8.2%-22.9% set in November 2017
grinding balls
production
Chile AD Steel grinding China Duty of 5.6% applied in May 2019 to last for one year
balls
Brazil AD Heavy plate China, South Africa, South Korea, Duties extended for an additional five years in October 2019
Ukraine
Brazil AD Hot-rolled bars China Definitive AD duty of $495.73/mt set in November 2016 to remain in place for five years

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 15
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

Brazil AD Steel wire, China The Ministry of Industry set duties of $199.19-$505.56/mt for imports of high-carbon steel wire and a duty of $495.73/mt on Chinese imports of
alloyed steel alloyed steel flat bar
flat bar
Brazil AD Austenitic Malaysia, Thailand, Vietnam Duties of $367-$740.02/mt for Malaysia, $747.56/mt for Thailand, and $782.11-$888.27/mt for Vietnam
stainless steel
tubes
Brazil AD Seamless pipes China, Romania Duties extended for five years, until August 2022. China subject to $743/mt duty and Romania subject to an ad valorem tariff of 14.3% over the CIF
price
Brazil CVD Hot-rolled flat China Camex trade secretariat imposed a duty of up to $425.22/mt for five years in May 2018, with application of the tariff delayed for up to one year.
steel
Costa Rica Safeguard Rebar All suppliers Costa Rica decided in December 2018 not to impose a safeguard duty
duties
Europe & Turkey
EU Safeguard Steel products All suppliers The EU will extend the safeguard measures on imports of steel products for another three years, maintaining the product scope unchanged and
duties allowing for a 3% annual liberalization of the tariff-rate quota, it said in June 2021
EU Tariff-rate quota Steel products UK The EC in late October 2020 said it will apply a tariff-rate quota on UK steel imports from Jan. 1, 2021
EU AD Heavy plate China Final duties for heavy plate set at 65.1-73.7% in February 2017
EU AD HRC Brazil, Iran, Russia, Ukraine Definitive fixed duties per ton added on to the CFR price once the material arrives in Europe. €53.40-63.00/mt for Brazil, €57.50/mt for Iran,
€17.60-96.50/mt for Russia and €60.50/mt for Ukraine
EU AD HRC Turkey The EC imposed definitive antidumping duties of 4.7%-7.3% in April 2021
EU AD,CVD HRC China As of April 6, 2017 Jiangsu Shagang Group received a 35.9% AD duty rate, whereas Bengang Steel Plates is now subject to a 28.1% rate and
Hesteel Group 18.1%. All other cooperating companies received a 27.3% rate, and other Chinese companies received 35.9%. in the AD case. Final
CVD duties set at 4.6%-35.9%
EU AD CRC China, Russia Definitive retroactive duties of 19.7%-22.1% for China and 18.7%-36.1% for Russia
EU AD Corrosion- China Antidumping duties of 17.2%-27.9% set in February 2018; duties extended to modified CORE imports in August 2020
resistant
coated steel
EU AD Rebar China, Belarus Definitive duties of 18.4%-22.5% for China, with no retroactive duties. Definitive duty of 10.6% for Belarus. Deposits collected under the
provisional duties are to be released for certain Belarusian rebar exempt from the definitive duties.
EU AD Grain-oriented China, Russia, South Korea, US Definitive duties were set at 21.5%-36.6% for China, 35.9%-39.0% for Japan, 22.5% for South Korea, 21.6% for Russia and 22 for the US
electrical steel
EU AD Butt-weld tube China Duties in place since 1996 extended
& pipe fittings
EU AD Seamless pipe China Final duties of 29.2%-54.9%
EU AD Seamless pipe Russia, Ukraine After an expiry review in October 2018, the European Commission has decided to continue duties of 12.3%-25.7% for Ukraine and 24.1%-35.8%
& tube for Russia
EU AD HDG China Provisional anti-dumping duties of 46.2%-62.9%
EU AD Stainless steel China EU Commission has extended duties of 48.3%-71.9%
seamless pipe
EU AD,CVD Organic coated China Definitive CVD duties of 13.7%-44.7% and AD duties of 0%-26.1% continued in May 2019
sheet
EU AD Wire rod China Final duties of 24% to remain in place through October 2020, pending outcome of expiry review
EU AD Hot-rolled China, Indonesia, Taiwan The European Commission launched its investigation in August 2019
stainless sheet

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 16
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

EU AD Stainless cold- India, Indonesia The EC placed provisional AD duties up to 34.6% on imports some stainless steel products originating in India and Indonesia in May 2021
rolled steel
EU AD HDG Turkey, Russia The European Commission announced June 24 it has opened an investigation into hot-dip galvanized coil imports from Turkey and Russia, alleging
imports of certain corrosion-resistant steels originating from these countries were being dumped.
UK Safeguard Steel products All suppliers The UK will have its own steel import safeguards measures from Jan. 1, 2021, similar to those already put in place by the EC, the UK Department
for International (DIT) trade said Sept. 30
UK AD/CVD PSC wire & China The UK government launched an investigation in August 2020
strands
Turkey Import duty Finished & Third country imports Customs duties on some alloy and non-alloy billet, slab, hot-rolled coil, cold rolled coil, coated coil, stainless steel, sections and some bar products
semi-finished have been increased by 5% effective April 18 from the previous range of 9%-15% up to 14%-20%. Duties extended to September 30, 2020 in July
steel 2020
Turkey AD Heavy plate China Final duties of 16.89%-22.55% set in November 2017
Turkey Import duty HRC All suppliers Turkish re-rollers and welded pipe producers subject to 6% import duty, effectuive January 1, 2019. General HRC import duty set at 9%.
Turkey AD Seamless pipe China Final dumping margin of $100-$120/mt set in August 2016
Turkey AD PPGI China Final dumping margin determined at 23.4%
Turkey Import duty Rebar Third country imports Duty increased from 10% to 30%, effective April 18, 2019. Custom duties do not apply to the EU and countries with which Turkey has free trade
agreements.
Turkey AD Stainless steel Vietnam Turkey imposed AD duties of 19.64%-25% in July 2021
pipe
Turkey AD HRC EU Turkey launched an investigation in Dec. 2020
CIS
Eurasian AD HDG sheet Ukraine & China Investigation launched in July 2018
Economic Union
Ukraine AD Wire rod & Russia Final duty of 51.21%, effective February 28, 2018
rebar
Africa & Middle East
Morocco Safeguard HRC All imports Investigation launched in May 2019
duties
Morocco Safeguard Rebar, wire rod All imports Duties of dirham 0.55/kilogram extended by three years from December 2015, investigation to extend duties launched in 2018
duties
Morocco Safeguard Welded pipe & All imports Investigation launched in October 2019
duties tube
Morocco Safeguard CRC, coated All imports Duty rates are 22% for 2015, 20% for 2016, 18% for 2017 and 16% for 2018
duties sheet
Egypt Safeguard Billet, rebar & All imports Tariffs of 16% on billet, 25% on rebar and 25% on wire rod applied October 12, 2019. Minimal payment requirements have also been adopted. The
duties wire rod initial duty rates will stay in place until April 11, 2020. Then they will be decreasing on a yearly basis until expiration on April 11, 2022.
Egypt AD Rebar China, Turkey, Ukraine Temporary duties of 17% for China, 10-19% for Turkey and 15-27% for Ukraine to be maintained for another five years from December 6, 2017
Iran Import duties HRC & CRC All suppliers Duties on most long products at 26%; duties on HRC & CRC at 10%-20%; duties at 5% for semi-finished products; API grade plate decreased to
(all thickness), 10% from 15%, tinplate tariff reduced to 15% from 26%
plate, longs and
semi-finished
products
Iran Export duty Iron ore pellet All suppliers Iran lifted the export duty on iron ore from 10% to 20%-25% starting September 23, 2019 in a bid to reduce shipments
Saudi Arabia Export duty Steel All exporters Saudi Arabia increased import duties on various semi-finished and finished iron and steel products to between 10% and 20% of product value,
from earlier levels of 5% to 10%, in June 2020

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 17
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

South Africa Safeguard HR coil & plate All suppliers Duties of 22% in 2017, 20% in 2018 and 18% in 2019
duties
UAE Safeguard Flat-rolled steel All suppliers UAE has implemented a definitive safeguard duty of $137/mt on imports of flat-rolled iron and non-alloy steel products effective July 19, 2020 to
duties remain in place until May 14, 2021
Asia
Taiwan AD Hot-dip China, South Korea Final duties in the range of 4.22%-77.3%, with producers from South Korea hit with the heaviest penalty of 77.3%.
galvanized coil/
sheet
Taiwan AD CRC & stainless China, South Korea Duties of 38.11% for China and 37.65% fir South Korea extended for another five years in August 2019
Taiwan AD Heavy plate Brazil, China, India, Indonesia, South Final duties of 30.29%-59.73% for China, Brazil 31.1%, India 25.85%, Indonesia 46.84%, South Korea 8.66%-80.5% and Ukraine 26.57%
Korea, Ukraine
South Korea Import tariff Stainless steel Italy, Taiwan The Korea Trade Commission in March 2019 finalized duties of 9.47%-18.56% for Taiwan and 10.21%-13.74% for Italy for a period of five years
bars
South Korea AD Stainless steel Japan The Korea Trade Commission has requested the Ministry of Trade extend 13.17% duty for three years
plate
South Korea AD Galvanized China Final duty of 8.6% for five years, as of May 2018
steel wire
South Korea AD Flat-rolled China, Indonesia, Taiwan South Korea imposed duties of 7.17%-29.68% to last five years in July 2021
stainless
Thailand AD HRC Brazil, Iran, Turkey Final duties of 34.4% for Brazil, Iran 7.25%-38.27% and Turkey 6.88%-38.23%, effective for five years from May 16 2017
Thailand AD HDG coil/sheet China, South Korea, Taiwan Investigation launched in September 2016
Thailand AD Al-Zn alloy Vietnam Final duties of 6.20%-40.49% levied
coated sheet
Thailand AD Painted HDG, Vietnam Final duties of 4.3%-60.26% levied
Painted Al-Zn
alloy steel
Thailand AD Mild HRC, China, Malaysia Duties of 30.91% for China and 23.57%-42.51% for Malaysia extended for another five years, effective June 23 2017
pickled coil &
HR plate
Thailand AD Welded pipe China, South Korea Final duties of 3.22%-66.01% for China and 3.49%-53.88% for South Korea, effective for five years from July 19 2017
Thailand AD Alloy-added China Final duties of 12.26%-36.79%, effective from December 22 2016, for five years
high-carbon
Wire rod
Thailand AD Low-carbon China Duties of 12.81%-31.15% no longer apply to products under the single HS code of 7227.9000.090
Wire rod
Thailand AD HRC 14 countries including South Korea, AD duties of 3.45%-128.11% extended for five years from May 2015.
Japan, India, Taiwan, Russia
Thailand AD Stainless steel China, South Korea, Taiwan, Duties of 310.74% for Vietnam, South Korea 11.96%-51.53%, China 145.31% and Taiwan 2.38%-29.04%
pipes Vietnam
Malaysia AD HRC China Duties of 6.35%-12.19% imposed in February 2015
Malaysia AD CRC China, Japan, South Korea, Vietnam Malaysia imposed final duties ranging from 4.82%-26.38% in December 2019. Duties to be in place for five years. AD duties of 7.42%-33.7%
imposed on Vietnam for four months effective Jan. 24, 2021
Malaysia AD Rebar Singapore, Turkey Malaysia imposed AD duties ranging from zero to 20.09% in January 2020. Duties to remain in place for five years

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 18
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

Malaysia Safeguard Rebar, wire rod, 42 countries including China, Japan, Final duties set in April 2017 at 13.42% for rebar in year one, down to 12.27% & 11.10% in years two & three; Wire rod & bar-in-coil 13.90% in year
duties deformed bar- US and EU countries one, down to 12.90% & 11.90% in years two & three
in-coil
Malaysia Import duties Rebar, wire rod Importers 5% import tariff reinstated in June
Malaysia AD Color coated China, Vietnam Malaysia renewed antidumping duties of 12.06% to 52.10% on prepainted, painted or color coated steel coils from China and Vietnam for five
coil years, effective July 20, 2021 until July 19, 2026
Malaysia AD Hot-dipped China, Vietnam Malaysia imposed antidumping duties of up to 16.13% on HDG from China and Vietnam for five years effective March 8, 2019
galvanized
sheet
Malaysia AD CR stainless China, South Korea, Taiwan, Final duties of 2.68%-23.95% for China; 4.44%-7.27% for South Korea (Hyundai BNG Steel and Hyundai Steel Company are excluded); 2.79%-
coil & sheet Thailand 14.02% for Taiwan (China Far Industrial Factory and Yieh United Steel Corporation (YUSCO) are excluded ); 22.86%-111.61% for Thailand.
Malaysia AD CR stainless Indonesia, Vietnam Malaysia imposed final AD duties of 7.73%-34.84% in April 2021. Duties will expire on April 23, 2026
steel
Malaysia AD Coated sheet China, South Korea, Vietnam Malaysia imposed AD duties ranging from 2.18% to 37.14% in Dec. 2020. Duties to remain for five years
Vietnam AD CR plate China, Taiwan, Indonesia, Malaysia Duties imposed in September 2014
Vietnam Safeguard Billet Malaysia, Kazakhstan Vietnam said it will impose a 17.3% safeguard duty on these products effective June 13, 2019
duties
Vietnam Safeguard Color coated All importers Duty rate of 19% implemented in June 2017 if imports go above a specific import quota
duties sheet
Vietnam AD HDG and China, South Korea Final duties of 3.17%-38.34% for China and 7.02%-19% for S. Korea, for five years effective April 14
aluminum/zinc-
coated steel
Vietnam AD CRC China Vietnam initiated an AD investigation into cold-rolled coil and sheet from China in September 2019
Vietnam AD HDG, coated China (including Hong Kong), South Final duties set at 2.53%-34.27% for China and 4.71%-19.25% for South Korea in October 2019
sheet Korea
Vietnam AD Wide-flange China Final duties of 20.48%-29.17%, effective September 5 2017
beams
Vietnam AD PPGI/PPGL China, South Korea Temporary duties of 3.45%-34.27% for China and 4.48%-19.25% for South Korea set in June 2019
color-coated
products
Indonesia Import duties All upstream Most Favored Nations including HRC, CRC, plate & wire rod duties raised to 15%; galv & coated sheet raised to 20%; rebar raised to 17.5%
steel products India, South Korea, Japan, CIS, Latin
America
Indonesia AD Coated sheet China, Vietnam Indonesia launched an investigation into these imports in August 2019
Indonesia AD Plate China, Singapore, Ukraine Indonesia renewed antidumping duties on steel plates from China, Singapore and Ukraine for five years effective August 14, 2019
Indonesia Safeguard duty Aluminum/zinc- All suppliers Duties extend for three years. Initial rate of INR 2,891,858/mt will fall to INR 2,186,030/mt in year two and to INR 1,480,202/mt in year three.
coated sheet
(Galvalume)
China AD Grain-oriented EU, Japan, South Korea Provisional AD duties of 39%-45.7% for Japan, 14.5%-29.5% for South Korea and 46.3% for EU mills
electrical steel
China AD Alloy seamless EU, US China in May 2020 extended duties of 101%-147.8% for the US and 57.9%-60.8% for the EU for a period of five years
pipes
China AD Stainless EU, Japan, South Korea, Indonesia China imposed final duties ranging from 18.1% to 103.1% in July 2019; duties to remain in place for a five-year period
steel billet &
stainless plate

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 19
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

China Export duty Billet All suppliers China’s finance ministry abolished the 10% export duty on steel billet, effective January 1, 2019.
Japan AD Carbon steel China, South Korea Preliminary dumping margins of 43.41%- 73.51% for South Korea and 60.84% for China
butt welding
parts
India AD Scrap, steel All suppliers India suspended import duties on steel scrap and revised other tariffs Feb. 1, 2021. Customs duties uniformly lowered to 7.5% on semis, flats, long
products of non-alloy, alloy and stainless steels through March 2022
India AD Flat-rolled China, EU, Hong Kong, Indonesia, India launched an investigation into flat-rolled stainless steel products from 15 countries/regions in July 2019; provisional duties of 22.31%-
stainless Japan, Malaysia, Mexico, Singapore, 24.83% set for Indonesia in August 2020
South Africa, South Korea, Taiwan,
Thailand, UAE, US and Vietnam
India CVD Flat-rolled Indonesia India launched an investigation into flat stainless steel products imported from Indonesia in October 2019
stainless
India AD HR coil, sheets China, Japan, South Korea, Russia, Final duties equivalent to the difference between the CFR Mumbai price and the reference price of $478-489/mt on HRC and $561/mt on HR
and plates Brazil, Indonesia sheets and plates
India AD Stainless CR South Korea, Taiwan, Thailand, Duties extended for further five years until 2020. Investigation into claims exporters are circumventing duties
South Africa, US
India CVD HR, CR China CVD duties set at 18.95% in July 2017
stainless flat
products
India AD HRC, CRC All importers India has pushed the response deadline for it HRC & CRC AD investigations to June 20
India AD CRC China, Japan, South Korea, Ukraine Final duties equivalent to the difference between the CFR Mumbai price and the reference price of $576/mt CFR Mumbai, effective for five years
from August 17, 2016
India Safeguard Hot rolled All importers Duties applied at 10% on imports of hot rolled sheets and plates of thickness 150mm or less and width 600mm and more, for 1 year
duties sheet, plates
India AD Alloy and China, EU Investigation launched
non-alloy color-
coated/pre-
painted flats
India AD Seamless pipes China Duties of $961.33-$1,610.67/mt on popular grades of seamless tubular products imported from China.
and tubes
India AD Hot rolled alloy China Finance ministry imposed at minimum price on import of $449-538/mt for six month, effective November 2 2016
and non-alloy
steel bars and
rods
India AD Coated/pre- China, EU Margins of 50%-60% for China and 70%-80% for EU
painted steel
6mm+
India AD Straight length China Duties ranging from $44.89-$185.51/mt imposed for five years effective October 2018
alloy steel bars
and rods
India Tariff Iron and steel US Tariffs in the range of 20%-25% for several steel and iron products, including some flat-rolled steel
products
India AD Non-cobalt Brazil, China, Germany Duties set at $2,147.22/mt for Brazil; $1,902.34/mt, $2,275.64/mt and $3,263.68/mt for China; and $2,259.22/mt for Germany August 1, 2019.
grade, high- Duties to remain in place for five years.
speed steel

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 20
Steel Price Report August 5, 2021

Trade Case Status Report (continued)


Complainant Duties Product(s) Origin(s) Status/comments

India CVD Welded China, Vietnam CVD rates of 21.74%-29.88% set for China and rates of 0.33%-11.96% set for Vietnam. Duties effective July 31, 2019 for a five-year period
stainless pipe
and tube
India AD Coated flat China, South Korea, Vietnam India finalized antidumping duties ranging from $14.30/mt to $173.10/mt in June 2020
steel
Pakistan AD CRC China, Ukraine Preliminary duties of 8%-19% imposed on January 13, final ruling by June 13
Pakistan AD Wire rod China Investigation launched in October, preliminary determination by mid-April
Pakistan AD Billet China Duty maintained at 15%
Pakistan AD Rebar China Preliminary dumping margin of 52.52%
Pakistan AD CRC China, Ukraine Provisional duties of 13.17%-19.04% on imports from thirteen companies based in China and Ukraine
Pakistan AD CRC Canada, Russia Provisional duty of 13.94% introduced September 20, 2019
Pakistan AD Color-coated China, South Africa Duties of 5.36%-10.88% for China and 14.24% for South Africa
steel
Australia
Australia AD, CVD Rebar China Preliminary dumping duties of 5%-24% imposed ahead of final ruling in March, CVD probe to start
Australia AD Wire rod China Final AD duty on Hunan Valin Xiangtan Iron & Steel of 44.1%, Shagang rod 37.4%, and all other Chinese exporters 53.1%
Australia AD Rebar Singapore, South Korea, Spain, Dumping duties of up to 14.3% imposed on the four countries in November
Taiwan
Australia AD Rebar Spain Review opened for the 3-8.2% dumping measures applied in 2015
Australia AD Rebar Greece, Indonesia, Spain (Nervacero Preliminary duties of 42.1% for Greece, 0.0%-12.2% for Indonesia, 7.5% for Spain’s Nervacero S.A, 4.4% for Taiwan’s Power Steel, and 9.6%-12.2%
SA), Taiwan (Power Steel) and for Thailand
Thailand
Australia AD Chrome-plated Italy, Romania Romania assigned definitive AD duties of 22.4%-66.9% in September 2016; Italy investigation terminated
bar
Australia AD Hollow Thailand Duties of 5.7%-29.7% set to expire August 19, 2020 unless extended by expiry review
structural
sections
Australia AD Wire rod Indonesia, Taiwan Duties of 10.1% on Indonesian exporters and 2.7% on Taiwanese exporters imposed in June 2015
Australia AD Quenched & Finland, Japan, Sweden Duties ranging from 21.7%-34% imposed in November 2014
tempered plate
Australia AD ERW pipes China, Malaysia, South Korea, Dumping duties imposed in 2012 continued (China also subject to CVD duties)
Taiwan
Australia AD HDG China, Taiwan Australian AD Commission initiated two reviews of duties in September
Australia AD HDG sheet/coil India, Malaysia, Vietnam Duties of 7.6%-12% for India; 14.5%-16.5% for Malaysia; 8.4%-14.2% for Vietnamese exporters, except Hoa Sen Group and Nam Kim Steel JSC
Australia CVD HDG sheet/coil India CVD of 5% for JSW and 3.6% for Essar. Other exporters subject to a subsidy margin of 5.9%.
Australia AD Precision steel China, South Korea Preliminary AD duties of 6.2%-51.6% set in June 2021
pipe & tube
Source: Compiled by Platts, updated weekly

© 2021 S&P Global Platts, a division of S&P Global Inc. All rights reserved. 21

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