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Steel Price Report

Volume 10 / Issue 130 / July 12, 2023

Daily steel benchmarks Contents

Platts symbol Unit Range Close/Midpoint % change
Semi-finished Flat products.......................................................... 3
Billet Ex-stock Tangshan VAT-inclusive SB01032 Yuan/mt – 3580.00 +0.56
Lead times (weeks)*. .................................................. 3
Billet FOB Black Sea STBLB00 $/mt – 463.00 -2.11
Long products. ........................................................ 4
Hot-rolled coil Stainless. .............................................................. 5
HRC FOB China SAE1006 STHSA00 $/mt – 563.00 0.00 Pipe and tube. ......................................................... 6
HRC FOB China SS400 STHRZ02 $/mt – 543.00 0.00 Semi-finished. ......................................................... 6
HRC FOB China SAE1006 Premium STHRY00 $/mt – 20.00 0.00
Platts TSI steel assessments currency and unit comparisons, July 12.... 6
HRC CFR Southeast Asia SAE1006 TS01041 $/mt – 569.00 0.00
Steel mill economics: global spreads, July 12, 2023..................... 7
HRC DDP Houston STHRG00 $/st – 780.00 0.00
Subscriber Notes. ..................................................... 7
HRC CIF Antwerp STHRA00 €/mt 615.00–625.00 620.00 0.00
Platts Turkey ARC tracker. ............................................. 8
Platts TSI HRC EXW Indiana TS01018 $/st – 890.00 0.00
Platts North European HRC, EXW Ruhr STHRE00 €/mt – 670.00 -1.47 Exchange steel futures................................................. 9
HRC CPT Moscow (weekly) AAXJI00 Rb/mt 53000.00–53500.00 53250.00 +7.58 Steel industry data..................................................... 9
Trade Case Status Report............................................. 10
Cold-rolled coil
CRC DDP Houston STRRG00 $/st – 1100.00 0.00
CRC CIF Antwerp STRRA00 €/mt 695.00–705.00 700.00 0.00
Platts North European CRC, EXW Ruhr STRRE00 €/mt – 765.00 -0.65
Platts TSI CRC EXW Indiana STRRI00 $/st – 1130.00 0.00
Plate
Platts TSI Plate Delivered US Midwest STPRI00 $/st – 1610.00 0.00
Plate DDP Houston STPRG00 $/st – 1320.00 0.00
Rebar
Rebar FOB Turkey STCBM00 $/mt 584.00–586.00 585.00 -0.85
Rebar FOB China STCBZ02 $/mt – 545.00 +0.55
Rebar DDP Houston (weekly) STCBG00 $/st – 830.00 0.00
Rebar EXW US Southeast (weekly) STCBC00 $/st 895.00–905.00 900.00 0.00
Platts Rebar EXW Northwest Europe STCBE00 €/mt – 580.00 0.00
Rebar Ex-stock Beijing VAT-inclusive SB01198 Yuan/mt – 3804.00 0.00
For Platts assessment methodology, please go to: http://platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/steel.pdf
For TSI methodology, please go to https://www.thesteelindex.com/en/procedures-methodology/
Assessment rationale

Platts EMEA Turkish Rebar Daily Rationale

Platts assessed Turkish exported rebar at $585/mt
FOB on July 12, down $5 on the day, based on market
indications from mill sources and traders.
Tradable levels were heard within the range of
(continued on page 7)

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Steel Price Report July 12, 2023

Flat products
Frequency Platts symbol Unit Range Close/Midpoint % change
Hot-rolled coil export assessments
HRC FOB China SAE1006 Daily STHSA00 $/mt – 563.00 0.00
HRC FOB China SS400 Daily STHRZ02 $/mt – 543.00 0.00
HRC FOB China SAE1006 Premium Daily STHRY00 $/mt – 20.00 0.00
HRC FOB Black Sea Weekly STHRB00 $/mt 580.00–590.00 585.00 0.00
HRC Russia Black Sea exports FOB Monthly SB01151 $/mt 580.00–590.00 585.00 -3.31
HRC Turkey exports FOB Weekly SB01155 $/mt 640.00–650.00 645.00 -1.53
Hot-rolled coil import assessments
HRC DDP Houston Daily STHRG00 $/st – 780.00 0.00
HRC CIF Antwerp Daily STHRA00 €/mt 615.00–625.00 620.00 0.00
HRC CFR Southeast Asia SS400 Daily SB01142 $/mt – 538.00 +0.94
HRC CFR Southeast Asia SAE1006 Daily TS01041 $/mt – 569.00 0.00
HRC Europe imports CIF Southern Europe port Daily SB01143 €/mt 605.00–615.00 610.00 0.00
HRC Turkey imports CFR Turkish port Monthly SB01156 $/mt 615.00–625.00 620.00 +5.98
HRC DDP West Midlands UK Weekly STHWM04 £/mt 640.00–660.00 650.00 0.00
Hot-rolled coil domestic assessments
Platts TSI HRC EXW Indiana Daily TS01018 $/st – 890.00 0.00
Platts North European HRC, EXW Ruhr Daily STHRE00 €/mt – 670.00 -1.47
Platts North European HRC, EXW Ruhr MTD Avg Daily STHRF00 €/mt – 680.00 -0.21
Platts South European HRC, EXW Italy Daily SB01152 €/mt – 655.00 -0.76
Platts South European HRC, EXW Italy MTD Avg Daily SB01264 €/mt – 656.25 -0.03
Platts North European HRC Carbon-accounted, EXW Ruhr Daily EHRSC00 €/mt – 820.00 -1.20
Platts European HRC Carbon-accounted steel premium (CASP) Daily EHRSA00 €/mt – 150.00 0.00
HRC Ex-stock Shanghai VAT-inclusive Daily SB01260 Yuan/mt – 3840.00 +0.26
Platts HRC Turkey domestic EXW Weekly SB01154 $/mt – 670.00 -1.47
HRC Mexico domestic production delivered Weekly SB01145 $/mt 909.48–960.78 935.13 0.00
HRC Mexico domestic production delivered Weekly SB01503 pesos/mt 15600.00–16480.00 16040.00 0.00
HRC India domestic ex-works Mumbai Daily TS01046 Rupee/mt – 55500.00 0.00
HRC Brazil domestic production EXW taxes excluded Weekly SB01138 Real/mt 4400.00–4800.00 4600.00 0.00
HRC CPT Moscow Weekly AAXJI00 Rb/mt 53000.00–53500.00 53250.00 +7.58
Cold-rolled coil export assessments
CRC Russia Black Sea exports FOB Monthly SB01090 $/mt 710.00–720.00 715.00 -2.72
CRC China exports FOB Shanghai Weekly SB01083 $/mt – 618.00 -1.12
CRC Brazil exports FOB Brazilian port Monthly SB01081 $/mt 630.00–660.00 645.00 0.00
CRC FOB Black Sea Weekly STRRB00 $/mt 710.00–720.00 715.00 0.00
Cold-rolled coil import assessments
CRC East Asia imports CFR Monthly SB01084 $/mt – 634.00 +2.42
CRC Europe imports CIF Southern Europe port Monthly SB01085 €/mt 680.00–690.00 685.00 0.00
CRC Turkey imports CFR Turkish port Monthly SB01093 $/mt 705.00–715.00 710.00 +3.65
CRC DDP Houston Daily STRRG00 $/st – 1100.00 0.00
CRC CIF Antwerp Daily STRRA00 €/mt 695.00–705.00 700.00 0.00

© 2023 by S&P Global Inc. All rights reserved. 2

Steel Price Report July 12, 2023

Flat products
Frequency Platts symbol Unit Range Midpoint/Close % change
Cold-rolled coil domestic assessments
Platts South European CRC, EXW Italy Weekly SB01091 €/mt – 760.00 0.00
CRC Ex-stock Shanghai VAT-inclusive Weekly SB01082 Yuan/mt – 4480.00 0.00
Platts TSI CRC Turkey domestic EXW Weekly SB01092 $/mt – 765.00 -3.16
CRC Mexico domestic production delivered Weekly SB01086 $/mt 1142.68–1193.98 1168.33 0.00
CRC Mexico domestic production delivered Weekly SB01403 pesos/mt 19600.00–20480.00 20040.00 0.00
CRC Brazil domestic production EXW taxes excluded Weekly SB01080 Real/mt 5200.00–5400.00 5300.00 0.00
Platts North European CRC, EXW Ruhr Daily STRRE00 €/mt – 765.00 -0.65
Platts TSI CRC EXW Indiana Daily STRRI00 $/st – 1130.00 0.00
Hot dip galvanized assessments
HDG China export FOB Shanghai Monthly SB01119 $/mt – 665.00 +0.76
HDG DDP Houston Monthly SB01124 $/st – 1000.00 -5.66
Platts North European HDG Coil, EXW N.EU Wkly Weekly SB01125 €/mt – 800.00 0.00
Platts South European HDG Coil, EXW Italy Wkly Weekly SB01126 €/mt – 770.00 -1.28
Platts Turkey HDG Ex-Works Wkly Weekly SB01127 $/mt – 865.00 -1.70
Platts TSI US HDG-HRC EXW Indiana Daily AHDGA00 $/st – 1090.00 -10.00
Platts TSI US HDG-CRC EXW Indiana Daily ATSIA00 $/st – 1090.00 -10.00
Platts TSI US HDG-CRC EXW Indiana, incl. G90 Daily TS01010 $/st – 1190.00 -10.00
HDG Ex-stock Shanghai VAT-inclusive Monthly SB01118 Yuan/mt – 4840.00 +7.56
HDG Brazil domestic production EXW taxes excluded Weekly SB01117 Real/mt 5500.00–6000.00 5750.00 0.00
Plate assessments
Plate commercial grade China export FOB Shanghai Weekly SB01180 $/mt – 576.00 -1.71
Plate Europe imports CIF Southern Europe port Monthly SB01182 €/mt 685.00–695.00 690.00 -1.43
Plate CFR East Asia (Dangjin, South Korea port) Weekly TS01043 $/mt – 588.00 -2.00
Plate DDP Houston Daily STPGM00 $/mt – 1455.03 0.00
Plate Ex-stock Shanghai VAT-inclusive Weekly SB01178 Yuan/mt – 3950.00 -1.25
Platts South European Plate, EXW Italy Wkly Weekly SB01185 €/mt – 760.00 +2.01
Plate DDP Houston Daily STPRG00 $/st – 1320.00 0.00
Platts TSI Plate Delivered US Midwest Daily STPRI00 $/st – 1610.00 0.00
Platts North European Plate, EXW Ruhr Wkly Weekly STPRE00 €/mt – 860.00 +1.78

Lead times (weeks)*

Close Previous Change
US Hot-rolled coil 5.4 5.2 0.2
US Cold-rolled coil 7.1 7.0 0.1
US Hot-dip galvanized 7.0 6.9 0.1
US Plate 6.2 6.2 0.0
*Weekly (assessed July 12)

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Steel Price Report July 12, 2023

Long products
Frequency Platts symbol Unit Range Midpoint % change
Rebar export prices
Rebar FOB Turkey Daily STCBM00 $/mt 584.00–586.00 585.00 -0.85
Rebar FOB China Daily STCBZ02 $/mt – 545.00 +0.55
Rebar import prices
Rebar DDP Houston Weekly STCBG00 $/st – 830.00 0.00
Rebar CFR Southeast Asia Daily SB01195 $/mt – 549.00 0.00
Rebar domestic prices
Rebar EXW US Southeast Weekly STCBC00 $/st 895.00–905.00 900.00 0.00
Platts Rebar EXW Northwest Europe Weekly STCBE00 €/mt – 580.00 0.00
Rebar Ex-stock Beijing VAT-inclusive Daily SB01198 Yuan/mt – 3804.00 0.00
Rebar India domestic ex-works Raipur Daily STRIA00 Rupee/mt – 46800.00 0.00
Rebar North America domestic production Ex-mill US Midwest Weekly SB01202 $/st 895.00–905.00 900.00 0.00
Rebar EXW Jiangsu VAT-inclusive Weekly SB01259 Yuan/mt – 3620.00 -2.16
Rebar CPT Moscow Weekly AAXJG00 Rb/mt 44500.00–45000.00 44750.00 0.00
Rebar Mexico domestic production delivered Weekly SB01199 $/mt – 991.10 -1.73
Rebar Mexico domestic production delivered Weekly SB01603 pesos/mt – 17000.00 -1.73
Platts Index Rebar Mexico domestic Monthly SBMAU03 Index base 100 – 158.70 -7.82
Wire rod export prices
Wire rod mesh quality Black Sea exports FOB Weekly SB01243 $/mt 530.00–535.00 532.50 -2.29
Wire rod mesh quality FOB China Weekly SB01261 $/mt – 540.00 0.00
Wire rod mesh quality Latin America exports FOB Latin America port Monthly SB01248 $/mt 570.00–590.00 580.00 -5.69
Wire rod mesh quality Turkey exports FOB Turkish port Monthly SB01251 $/mt 600.00–610.00 605.00 -3.97
Wire rod domestic prices
Wire rod mesh quality North America domestic production Ex-mill US Midwest Weekly SB01249 $/st 900.00–920.00 910.00 -4.21
Wire Rod Ex-stock Shanghai VAT-inclusive Weekly SB01262 Yuan/mt – 3830.00 +0.79
European Industrial Fasteners Institute Wire Rod Change Index Europe Monthly TSMBF03 €/mt – 667.00 0.00
Merchant bar prices
Merchant bar Europe domestic production delivered Monthly SB01166 €/mt 700.00–710.00 705.00 -7.24
Beam
H-beam CFR Southeast Asia Monthly SB01114 $/mt – 690.00 +7.81
Sections and other
Medium sections Europe domestic production delivered Weekly SB01160 €/mt 815.00–825.00 820.00 0.00
Medium sections Turkey exports FOB Turkish port Monthly SB01162 $/mt 650.00–660.00 655.00 -3.68

© 2023 by S&P Global Inc. All rights reserved. 4

Steel Price Report July 12, 2023

Stainless
Frequency Platts symbol Unit Range Midpoint % change
CR import prices
CR304 2B 2mm East Asia imports CFR Weekly SB01063 $/mt – 2250.00 -2.17
CR domestic prices
CR304 Ex-warehouse Foshan VAT-inclusive Monthly SB01058 Yuan/mt – 14700.00 -3.29
Alloy surcharge domestic prices
Alloy surcharge 304 coil Europe domestic production Monthly SB01008 €/mt 2382.00–2403.00 2392.50 -4.76
Alloy surcharge 316 coil Europe domestic production Monthly SB01011 €/mt 3881.00–3907.00 3894.00 -4.07
Alloy surcharge 430 coil Europe domestic production Monthly SB01015 €/mt 1056.00–1068.00 1062.00 +0.85
Alloy surcharge 304L bright bar Europe domestic production Monthly SB01010 €/mt 3499.00–3810.00 3654.50 -5.11
Alloy surcharge 316L bright bar Europe domestic production Monthly SB01013 €/mt 5310.00–5422.00 5366.00 -3.80
Alloy surcharge 420 bright bar Europe domestic production Monthly SB01014 €/mt 1140.00–1168.00 1154.00 -4.90
Alloy surcharge 430F bright bar Europe domestic production Monthly SB01017 €/mt 1485.00–1530.00 1507.50 -1.34

© 2023 by S&P Global Inc. All rights reserved. 5

Steel Price Report July 12, 2023

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 1500.00–1700.00 1600.00 -8.57
WeldPipe OCTG carbon steel ERW J55 4 1/2-8 5/8 inch North America imports EDDP Gulf port Monthly SB01254 $/st 1300.00–1500.00 1400.00 -3.45

Semi-finished
Frequency Platts symbol Unit Range Midpoint % change
Billet Ex-stock Tangshan VAT-inclusive Daily SB01032 Yuan/mt – 3580.00 +0.56
Billet CFR China Daily CBLCA00 $/mt – 427.00 +1.18
Billet Turkey exports FOB Monthly SB01039 $/mt 550.00–555.00 552.50 -4.74
Billet CFR Southeast Asia Daily SB01035 $/mt – 514.00 -0.96
Billet Latin America exports FOB Latin America port Monthly SB01037 $/mt 530.00–550.00 540.00 0.00
Billet Turkey imports CFR Turkish port Monthly SB01040 $/mt 500.00–510.00 505.00 -7.34
Billet FOB Black Sea Daily STBLB00 $/mt – 463.00 -2.11
Slab Black Sea exports FOB Weekly SB01233 $/mt 460.00–465.00 462.50 0.00
Slab CFR Southeast Asia Monthly SB01235 $/mt – 570.00 +2.70
Slab Brazil exports FOB Brazilian ports Weekly SB01236 $/mt 590.00–610.00 600.00 0.00
Slab CIF Italy Weekly AITAA04 $/mt – 615.00 0.00

Platts TSI steel assessments currency and unit comparisons, July 12

Prior assessment
€/mt $/mt $/st $/CWT $/mt $ change % change
Hot-rolled coil
Platts North European HRC, EXW Ruhr* STHRE00 670.00*** STHRM00 745.38 STHRD00 676.21 STHRH00 33.82 747.39 -2.01 -0.27
CIF Antwerp* STHRA00 620.00*** STHAM00 689.75 STHAD00 625.74 STHAH00 31.30 681.44 +8.31 +1.22
Platts TSI HRC EXW Indiana** STHIE00 880.97 STHIM00 981.04 TS01018 890.00*** STHIH00 44.50 981.04 0.00 0.00
DDP Houston STHGE00 772.09 STHGM00 859.79 STHRG00 780.00*** STHGH00 39.00 859.79 0.00 0.00
Cold-rolled coil
Platts North European CRC, EXW Ruhr* STRRE00 765.00*** STRRM00 851.06 STRRD00 772.08 STRRH00 38.61 846.31 +4.75 +0.56
CIF Antwerp* STRRA00 700.00*** STRAM00 778.75 STRAD00 706.48 STRAH00 35.33 769.37 +9.38 +1.22
Platts TSI CRC EXW Indiana** STRIE00 1118.54 STRIM00 1245.59 STRRI00 1130.00*** STRIH00 56.50 1245.59 0.00 0.00
DDP Houston STRGE00 1088.84 STRGM00 1212.52 STRRG00 1100.00*** STRGH00 55.00 1212.52 0.00 0.00
Plate
Platts TSI Plate Delivered US Midwest** STPIE00 1593.67 STPIM00 1774.69 STPRI00 1610.00*** STPIH00 80.50 1774.69 0.00 0.00
DDP Houston STPGE00 1306.62 STPGM00 1455.03 STPRG00 1320.00*** STPGH00 66.00 1455.03 0.00 0.00
Reinforcing bar
Platts EXW Northwest Europe* STCBE00 580.00*** STCNM00 645.25 STCND00 585.37 STCNH00 29.28 630.63 +14.62 +2.32
East Mediterranean, basis Turkey* STCEE00 525.84 STCBM00 585.00*** STCED00 530.71 STCEH00 26.54 590.00 -5.00 -0.85
EXW US Southeast** STCCE00 904.46 STCCM00 992.06 STCBC00 900.00*** STCCH00 45.00 992.06 0.00 0.00
DDP Houston STCGE00 834.11 STCGM00 914.90 STCBG00 830.00*** STCGH00 41.50 914.90 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

© 2023 by S&P Global Inc. All rights reserved. 6

Steel Price Report July 12, 2023

Steel mill economics: global spreads, July 12, 2023 Platts US HRC daily index rationale
Frequency Platts symbol Unit Spread Change % change Platts assessed the daily TSI US hot-rolled coil
HRC ASEAN spread (TSI) Daily AOPFE00 $/mt 257.12 -4.72 -1.80 index at $890/st on an ex-works Indiana basis on July
HRC China export spread (Platts) Daily AOPKE00 $/mt 231.12 -4.72 -2.00 12, unchanged from the previous assessment.
Rebar China export spread (Platts) Daily AOPLE00 $/mt 233.12 -1.72 -0.73 A Canada-based buyer heard offers at $900/st
China HRC domestic steel mill margin (MVS) Daily AMVSA00 $/mt 0.93 +5.35 -121.04 ex-works for 50-100-st orders from US Midwest mills
China rebar domestic steel mill margin (MVS) Daily AMVSB00 $/mt 10.42 +4.13 +65.66 and at $800-$840/st ex-works for orders at a minimum
Rebar scrap Turkey spread (Platts: TSI) Daily AOPGE00 $/mt 211.00 -4.50 -2.09 of 1,000 st. An integrated mill based in the Midwest
Rebar Black Sea billet spread (Platts) Daily AOPHE00 $/mt 122.00 +5.00 +4.27
reported offering at $950/st ex-works with lead times
US HRC – MW Shredded Scrap Spread (TSI) Daily AOPIE00 $/st 541.79 0.00 0.00
in late August but did not provide associated tonnages.
US Rebar – MW Shredded Scrap Spread (TSI) Daily AOPJE00 $/st 551.79 0.00 0.00
Platts is part of S&P Global Commodity Insights.
US HRC – MW #1 Busheling Spread (TSI) Daily ABUSH00 $/st 488.21 0.00 0.00
For spreads calculation and assessment methodology, please go to: http://platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/steel.
No data was excluded from the index. The above
pdf rationale applies to the daily Platts TSI US HRC EXW
Indiana index, with the associated market data code:
STHRI00

Subscriber Notes

Platts proposes to change frequency of Trade Case

Status Report publication
Platts, part of S&P Global Commodity Insights, is
proposing to change the frequency of publication of
the Trade Case Status Report from daily to weekly in
Steel Price Report and SBB Steel Markets Daily.
The report, which is updated weekly, will be
published on Wednesdays to reflect the latest updates.
Assessment Rationale The proposed change does not affect the timing of
...from page 1 when updates are made to the report.
Platts proposes for this change to be effective Aug.
$580-$595/mt FOB. Sources reported mill offers within 1, 2023.
the range of $590-$610/mt FOB. If you have any comments or questions about this
No data was excluded from the assessment. announcement, please contact S&P Global Platts
Platts is part of S&P Global Commodity Insights. Client Services or email support@platts.com.
The above rationale applies to the Platts daily
Turkish rebar assessment, with the associated market
data code STCBM00.

© 2023 by S&P Global Inc. All rights reserved. 7

Steel Price Report July 12, 2023

Platts Turkey ARC tracker

Indexes against 30-day and 60-day moving averages
12-Jul 11-Jul
vs 30-day vs 60-day vs 30-day vs 60-day

Scrap FETKF10 1.60% FETKG10 2.06% FETKF10 1.23% FETKG10 1.61%

FETKF00 +$5.99 FETKG00 +$7.71 FETKF00 +$4.59 FETKG00 +$6.04

Billet FETKH10 -4.36% FETKI10 -5.27% FETKH10 -3.07% FETKI10 -3.92%

FETKH00 -$21.35 FETKI00 -$25.82 FETKH00 -$15.35 FETKI00 -$19.59

Rebar FETKJ10 2.61% FETKK60 3.46% FETKJ10 1.75% FETKK60 2.47%

FETKJ00+$15.24 FETKK00 +$20.23 FETKJ00+$10.35 FETKK00+$14.56

Market direction FETKE20 -2.98% FETKE00 -$15.50 FETKE20 -2.38% FETKE00 -$13.00

Composite Index
(July, 6, 2012 =100) FETKL00 92.68 FETKL00 93.67

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Steel Price Report July 12, 2023

Exchange steel futures Steel industry data

Platts symbol Close % change Platts symbol (‘000 mt) Change
Rebar futures, China (Yuan/mt) Monthly crude steel production (June)
Shanghai Futures Exchange rebar 1 month XHRC001 3707.00 +1.01 World (66 reporting countries) IISIA03 158082.93 -10226.67
Shanghai Futures Exchange rebar 2 month XHRC002 3705.00 +0.87 Source: World Steel Association
Shanghai Futures Exchange rebar 3 month XHRC003 3677.00 +0.85 American Iron and Steel Institute data
Shanghai Futures Exchange rebar 4 month XHRC004 3716.00 +1.01 AISI raw steel US production weekly (tons) AISII04 1711000.00 -29000.00
Shanghai Futures Exchange rebar 5 month XHRC005 3696.00 +1.07 AISI raw steel US capability utilization weekly (%) AISIH04 75.20 -2.10
Shanghai Futures Exchange rebar 6 month XHRC006 3678.00 +0.88
Shanghai Futures Exchange rebar 7 month XHRC007 3644.00 +0.91
Shanghai Futures Exchange rebar 8 month XHRC008 3619.00 +0.78
Shanghai Futures Exchange rebar 9 month XHRC009 3595.00 +0.39
Shanghai Futures Exchange rebar 10 month XHRC010 3596.00 +0.84
Shanghai Futures Exchange rebar 11 month XHRC011 3586.00 +1.01
Shanghai Futures Exchange rebar 12 month XHRC012 3570.00 +1.02
Hot-rolled coil futures, US ($/st)
CME Globex US Midwest domestic HRC 1 month XNHR001 907.00 +0.67
CME Globex US Midwest domestic HRC 2 month XNHR002 960.00 +3.23
CME Globex US Midwest domestic HRC 3 month XNHR003 915.00 +2.12
CME Globex US Midwest domestic HRC 4 month XNHR004 866.00 +1.41
CME Globex US Midwest domestic HRC 5 month XNHR005 824.00 +0.73
CME Globex US Midwest domestic HRC 6 month XNHR006 815.00 +0.12
CME Globex US Midwest domestic HRC 7 month XNHR007 811.00 +0.62
CME Globex US Midwest domestic HRC 8 month XNHR008 811.00 +0.87
CME Globex US Midwest domestic HRC 9 month XNHR009 825.00 +1.85
CME Globex US Midwest domestic HRC 10 month XNHR010 829.00 +1.84
CME Globex US Midwest domestic HRC 11 month XNHR011 829.00 +1.84
CME Globex US Midwest domestic HRC 12 month XNHR012 829.00 +1.84

© 2023 by S&P Global Inc. All rights reserved. 9

Steel Price Report July 12, 2023

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, excluding imports from Australia. Canada and Mexico were exempted May
19, 2019. Brazil and Argentina have been subject to import quotas since 2018. Tariffs suspended for Ukraine on May 9, 2022 for one year with
suspension extended for an additional year in May 2023
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 are 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 Quota Steel EU US 25% Section 232 tariff on EU countries replaced with a tariff-rate quota Jan. 1, 2022. The aggregate annual import volume under the TRQ set at
3.3 million mt across 54 product categories.
US Quota Steel Japan US 25% Section 232 tariff on Japanese steel replaced with a tariff-rate quota beginning April 1, 2022. The aggregate annual import volume under
the TRQ set at 1.25 million mt across 54 product categories.
US Quota Steel UK US 25% Section 232 tariff on UK steel replaced with a tariff-rate quota beginning June 1, 2022. The aggregate annual import volume under the TRQ
is set at 500,000 mt across 54 product categories.
US Import tariff Various steel Russia, Belarus The US revoked normal trade relations with Russia and Belarus in April 2022; tariffs on certain Russian steel and aluminum products raised to 35%
products in June 2022. Duties raised to 70% in February 2023 and now include pig iron.
US AD HRC China China-wide final dumping rate set at 90.83%
US AD HRC Australia, Japan, Netherlands, Final dumping margins set at 3.73% for the Netherlands, 73.59%-184.56% for Russia and 33.06% for the UK. Margins set at 2.73%-24.32% for
Russia, South Korea, Turkey, UK Turkey, and 29.58% for Australia. Final margins set at 7.72% for Japan’s Nippon Steel and affiliates Tokyo Steel Manufacturing in May 2023. Final
duties amended to 0.84% for South Korea’s Hyundai Steel and 12 other exporters in May 2023
US CVD HRC South Korea POSCO and Hyundai Steel found to have received net countervailable subsidies at a de minimis rate of 0.32% in May 2023 following review
US AD CRC China, India, Japan, Russia, South The ITC found no injury from Russian imports. Final duties remain for China 265.79%, Japan 71.35%, UK 5.4%-25.56% and India 7.6%. Duties
Korea, UK revised to 1.82% on South Korean CRC in May 2022. Duties on Brazil CRC terminated in July 2022
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 calculated at de minimis in April 2023 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 then
resistant steel South Africa, UAE 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 Dec. 2019 issued a final affirmative circumvention determination. The rulings involve steel produced in South Korea and Taiwan that is
corrosion- then shipped to Vietnam for minor processing before being exported to the US. Applicable cash deposit rates as high as 456.23% depending on the
resistant steel 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 AD duties extended for 5 years in January 2023. Duties estimated at 206.43%-209.46% for Japan, 3.50%-32.01% for Taiwan, and 5.25%-8.89% for
Turkey. Amended AD margin set at 3.27% for Taiwan’s Power Steel in Sept. 2020 on review.
US CVD Rebar Turkey Duties extended for 5 years in January 2023. Final CV duties set at 2.15% for Kaptan Demir and affiliates in May 2023. Negligible CV duties found for
Colakoglu and review rescinded for 21 companies that had no shipments during 2020 review period.
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 Rebar Mexico Final dumping margins set at 2.3% for Deacero; 16.28% for Grupo Acero; and 5.78% for ArcelorMittal Mexico, Grupo Simec and affiliates and
Sidertul in June 2023 following administrative review
US AD Carbon and Austria, Belgium, China, France, AD duties renewed in January 2023 for another 5 years. Estimated duties set at 28.57%-41.19% for Austria, 1.14-5.76% for Belgium, 68.27% for
alloy steel cut- Germany, Italy, Japan, South Africa, China, up to 6.15% for France, up to 22.9% for Germany, 0.90%-3.95% for Italy, 14.79%-48.67% for Japan, 87.72%-94.14% for South Africa, 2.59%-
to-length plate South Korea, Taiwan, Turkey 6.09% for South Korea, 2.59% to 6.95% for Taiwan, and 42.02%-50% for Turkey. Duties revoked for Brazil in January 2023.

© 2023 by S&P Global Inc. All rights reserved. 10

Steel Price Report July 12, 2023

Trade Case Status Report (continued)

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

US CVD Carbon and China, South Korea CVD duties renewed in January 2023 for another 5 years. Estimated duties set at 251% for China, with some producers receiving an amended rate of
alloy steel cut- 24.04%, and less than 1% for South Korea.
to-length plate
US AD, CVD Certain cut-to- India, Indonesia, South Korea AD duties set at 42.39% for India, 50.80%-52.42% for Indonesia, and 2.98% for South Korea. CVD duties set at 12.82% for India, 15.90% for
length carbon- Indonesia (but 47.71% for Krakatau Steel), and 1.39% for South Korea.
quality steel
plate
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. Duties of 7.89%-8.75% applied to South Korea and 3.74%-4.89% applied to producers in Taiwan. CORE
from Vietnam found circumventing order on South Korea. CORE from Malaysia found circumventing order on Taiwan.
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; 0.72%-1.19% for South Korea; and 39.05%-241.07% for China. Some
resistant sheet CORE from Vietnam found circumventing order on South Korea.
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. Duties for Italy set at 0% in January 2023. Goodluck India Ltd. assigned final AD margins of 1.59% for Nov. 22,
2017-May 31, 2019 review period and 1.39% for period of June 1, 2019-May 31, 2020 in June 2023
US CVD Mechanical China, India Final subsidy rate of 18.27%-21.41% for China. Final subsidy rates of 3.3%-5.94% set for Indian producers in Aug. 2022
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 1.97%-4.07% set for South Korean producers in May 2022 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 Pakistan at 11.8%. Final dumping margins set at 2.63%-5.06% for UAE exporters in May 2023 following
carbon-quality review. Final AD margin set at 4.61% for Oman’s Al Jazeera Steel for Dec. 1, 2019-Nov. 30, 2020 POR and 2.31% final AD margin for Al Jazeera, Al
steel pipe Samna Metal Manufacturing and Trading Co., Bollore Logistics and Transworld Shipping Trading and Logistics for Dec. 1, 2020-Nov. 30, 2021 POR in
June 2023
US AD Circular welded South Korea, Taiwan AD duties set up to 31.9% for Taiwan. Final duties adjusted to 12.87% for South Korea’s Husteel and non-examined companies in June 2023; Nexteel
stainless steel received de minimis duty rate
pipe
US AD Welded carbon Turkey, India India’s Garg Tube was assigned a final weighted-average dumping margin of 13.9% in March 2021. Revised to 8.42% by Commerce in March 2023
steel standard following CIT remand. Dumping margin for Turkey set at 13.79% in June 2022 on review.
pipe
US AD Circular welded Thailand Final duties of 2.73% set for Taiwan in January 2020 following administrative review. Final duties set at 0.71% for Thailand in June 2023 following
steel pipe and administrative review.
tube
US CVD Seamless pipe China Following a sunset review in Aug. 2021, Commerce found that revocation of the CVD order would likely lead to the continuation or recurrence of
subsidies at 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 in June 2021, Commerce determined that revocation of the AD order 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%
US AD Small-diameter Germany Following a sunset review, Commerce in May 2023 recommended that AD duties should continue as removing the existing order would likely lead to
seamless pipe a recurrence of dumping at an estimated magnitude of 57.72%
US AD, CVD Circular welded Turkey Commerce in April 2023 recommended CVD duties should be extended for another five years as removing the existing order would likely lead to the
pipe continuation or recurrence of subsidies at 1.8%-4.1%, depending on producer. AD duties were recommended to continue for an additional five years
in May 2023 as Commerce said removal of the order would likely lead to the recurrence of dumping at up to 23.12%
US AD Circular welded Thailand, Taiwan Final duties of 2.73% set for Taiwan in January 2020 following administrative review. Final duties set at 0% for Thailand in October 2022 review.
steel pipe and
tube
US AD Circular welded China Dumping margins of up to 85.55% extended for another five years in April 2019 following sunset review
pipe

© 2023 by S&P Global Inc. All rights reserved. 11

Steel Price Report July 12, 2023

Trade Case Status Report (continued)

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

US AD Welded line South Korea Final AD margins set at 2.38% for NEXTEEL, 4.23% for SeAH Steel and 3.27% for companies not examined for individual review in June 2023
pipe following review
US AD Welded non- Mexico, South Korea Following an administrative review, Commerce set a weighted-average dumping margin at 48.33% for Maquilacero, while Productos Laminados
alloy steel pipe de Monterrey’s dumping margin was set at zero. Following an administrative review, Commerce in June 2023 set final AD margins at 0% for South
Korea’s NEXTEEL and 12.87% for Husteel and non-examined companies for the period of Nov. 1, 2020-Oct. 31, 2021
US AD Seamless Japan, Romania Japan is under duties of 68.88%-107.8% for large and small diameter pipe. Romania faces 11.08%-15.15% for small diameter pipe. Duties
standard, line extended for another 5 years in Jan. 2023 sunset review.
and pressure
pipe
US AD Stainless steel Belgium, South Africa, Taiwan ITC extended AD and CVD duties for another five years in Aug. 2022. AD duties at 8.54% for Belgium, 41.63% for South Africa and 10.2% for Taiwan
plate in coil
US AD, CVD Stainless sheet China, Vietnam Final AD margins of 63.86% and 76.64% and final CVD duties of 75.6%-190.71%. Product from Vietnam found circumventing the order on China.
and strip
US AD, CVD Stainless sheet Japan, South Korea, Taiwan AD duties set at 57.89% for Japan, 58.79% for Korea and 21.1% for Taiwan. South Korea assigned final subsidy rates of 0.54%-4.64%
and strip
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 132.63% for China, 50.55% for India and 2.57%-5.05% for Turkey. Final AD margins set at 41% for Greece in Feb. 2022.
welded line Korea, Turkey Duties for Hyundai RB Co. and non-examined companies set at 2.67% in Nov. 2022; Hyundai Steel Co. found to have made no shipments during
pipe review period. Duties for Canada’s Evraz set at 26.15%.
US CVD Large-diameter India, South Korea Final rates at 541.5% for India; For South Korean producers, Commerce calculated individual countervailable subsidy rates of 1.66% for Hyundai RB
welded line and 0.31% de minimis for SeAH Steel, while several other companies got a review-specific CV rate of 1.66% in Nov. 2022.
pipe
US AD Wire rod Mexico Final dumping margins set at 4.64% for Deacero and Ternium Mexico in March 2022 following administrative 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, 84.10% for
South Korea, Spain, Turkey, UAE, UAE, 34.98%-44.03% for Ukraine, 10.11%-32.64% for Spain, 3.84%-6.09% for Turkey, 147.63% for UK and 41.1% for South Korea (POSCO assigned
UK, Ukraine 0.0% in Oct. 2022 in final admin review results.)
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 Japan, South Korea, Taiwan Dumping duties extended for an additional five years in Jan. 2022 following sunset review
wire rod
US AD Stainless steel India Dumping margins of 48.8% to remain for another five years, after December 2022 sunset review
wire rod
US AD OCTG Argentina, Mexico, Russia Final dumping duties set at 78.3% for Argentina, 44.93% for Mexico and 12.01%-184.21% for Russia in Oct. 2022 following final ruling by ITC.
US AD OCTG South Korea Final dumping margins set at 3.85%-19.54% in April 2022 following review. HiSteel found to have made no shipments during review period. Margins
set at 0% for SeAH Steel on remand results published in Sept. 2022. Confirmed by ITC in Oct. 2022 final ruling.
US AD OCTG Vietnam Vietnam’s SeAH Steel VINA assigned a final dumping margin of 1.49% in April 2022 following administrative review
US AD, CVD OCTG Brunei, Philippines Imports of welded OCTG completed in Brunei or the Philippines using inputs from China found to be circumventing existing duty orders on China
OCTG in Aug. 2021. Cash deposits on these products equal to the China-wide rate of 99.14% and countervailing duty cash deposits equal to the all-
others rate of 27.08%
US AD OCTG India “All others” final dumping margin set at set at 11.24% in Nov. 2018, 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%. In a March 2023 administrative review,
Commerce calculated a weighted-average dumping margin of 1.55% for Ukrainian exporter Interpipe Europe SA/Interpipe Ukraine LLC/PJSC
Interpipe Niznedneprovsky Tube Rolling Plant/LLC Interpipe Niko Tube for a review period spanning July 1, 2020, through June 30, 2021.
US AD, CVD OCTG Turkey Negligible final subsidy rate set for Borusan Mannesmann in May 2021 following review; final antidumping rates up to 35.86%
US CVD OCTG South Korea, Russia Final subsidy rates set at 1.30%-1.59% for Russia and 0.25%-1.33% for South Korea in Sept. 2022.
US AD Light-walled Taiwan Duties of 40.97% upheld for another five years in Feb. 2023 following sunset review
rectangular
pipe and tube
US AD Light-walled Mexico, China Final dumping margins for China’s Hangzhou Ailong Metal Products assigned at 63.16% in March 2023; China-wide final rate set at 255.07%. For
rectangular Mexico, final AD rates corrected to 1.44%-9.2% in May 2023
pipe and tube

© 2023 by S&P Global Inc. All rights reserved. 12

Steel Price Report July 12, 2023

Trade Case Status Report (continued)

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

US AD Heavy -walled Mexico, Turkey, South Korea Final duties for Turkey set at 35.66%; Cinar Boru Profil was found to have made no shipments. Final duties set at 1.61%-10.24% for South Korea
rectangular in April 2022 following review. Duties of 2.8% set for HiSteel in March 2023 and 1.91% for Kukje Steel. For Mexico, after a remand by the US Court
pipe and tube of International Trade, Commerce in March 2023 recalculated final estimated weighted-average dumping margins for exporters Prolamsa and
Maquilacero to 2.11% and 3.48%, respectively. The dumping margins for nine non-selected Mexican exporters in the review were revised to 2.51%.
This covered imports over a review period spanning Sept. 1, 2018, through Aug. 31, 2019.
US CVD Heavy -walled Turkey Negligible countervailable subsidies set for Turkey’s Ozdemir in Jan. 2022 on review
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 Feb.2020;
AD duties removed for India after review published in Sept. 2022. Final CVD duties set at 6.07%-211.72% for India. Duties for 5 companies in China
set at a range between 5.09% and 6.42% by Commerce in Nov. 2022 administrative review.
US AD, CVD Seamless pipe Czech Republic, Russia, South Czech Republic assigned final AD margin of 51.7% in March 2021. Commerce set final dumping margins of 209.72% for Russia, 23.75% for Ukraine,
Korea, Ukraine and 4.44% for South Korea. Commerce set final subsidy rates of 48.38% for Russia.
US AD Diffusion- Japan Commerce set a 1.92% weighted-average dumping margin for the Japanese exporter during the period of review of May 1, 2020, through April 30,
annealed, 2021 as the result of an administrative review in Sept. 2022.
nickel-plated
flat-rolled steel
US CVD Prestressed Turkey CVD duties set at 96.33%
concrete steel
wire strand
US CVD Tin mill China Preliminary subsidy rates were set at 542.55% for China’s Baoshan Iron and Steel and 89.02% for Jingtang Iron and Steel and all other exporters in
products June 2023
Canada Import ban Steel products Russia Canada will indefinitely ban imports from Russia of iron and non-alloy steel, semi-finished products, and finished products such as tubes and pipes.
Canada AD Heavy plate Taiwan, Germany Final duties set at 7-80.6% for Taiwan and 6.3%-68.6% for Germany
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, Italy
Japan & South Korea 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, CVD Drill pipe China The CBSA initiated an investigation into alleged dumping and subsidizing of imports of drill pipe from China in March 2022
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, CVD Piling Pipe China The anti-dumping duty is equal to 96.4% of the export price and the countervailing duty is equal to 641.35 Renminbi per kilogram as a result of a
March 2023 normal value review.
Canada AD HRC Brazil, China, Ukraine Duties continued for Brazil and China in May 2022 following expiry review, AD order removed for Ukraine
Canada CVD HRC India Duties extended for five years from May 2022
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 Extended in Feb. 2023.
Canada AD, CVD Fabricated China, South Korea, Spain The Canada Border Services Agency 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, Vietnam Final dumping margins set at 9.7%-26.1% for Turkey, 0%-41.5% for UAE and 2.3%-71.1% for Vietnam. Final subsidy rates set at 0.4%-3.6% for
resistant sheet Turkey and 0%-0.2% for Vietnam
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 Jan. 2019
resistant sheet Korea
Canada AD OCTG Mexico, Austria CITT found that imports from these countries were not causing injury
Canada AD OCTG China, Taiwan, India, Indonesia, Final dumping margins of 4.2%-37.4% first put in place in 2015. New normal values applied to China all other exporters in March 2023 at 91% for
Philippines, South Korea, Thailand, seamless casing and 166.9% for certain OCTG products. Separate rate of Yuan 21.31/mt set for Dalipal Pipe Company in April 2023 normal value
Turkey, Ukraine, Vietnam review.

© 2023 by S&P Global Inc. All rights reserved. 13

Steel Price Report July 12, 2023

Trade Case Status Report (continued)

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

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%.
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
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. Extended in January 2023 for 5 years.
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, Romania, Ukraine Duties extended for five years in March 2022. Duties set at 67.6% for Romania, 36.8% for Russia and 60.1% for Ukraine
Mexico AD Seamless pipe Japan Existing duty of 99.9% renewed for a further five years in Dec. 2021
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 applied
HRC, CRC, wire agreements annually to 10%, 7% and 5% through September 22, 2023. Flat-rolled products used for beverage and foot packaging given exemption to the end of
rod 2023 as part of country’s anti-inflation measures.
Mexico AD Cold-rolled China, Taiwan Definitive duties set at 63 cents/kg for China; 61 cents/kg for Hoka Elements Co. Ltd. And 5 cents/kg for Yuan Long Stainless Steel in Oct. 2020
stainless coil
Mexico AD Coated flat Vietnam AD duties set in a range from 0% to 10.84%. Maruichi Sun Steel Joint Stock Company exempted.
steel
Mexico AD I-beam and Germany, Spain, UK The AD duty rate is $0.0613/kg for Spain’s AMOB and $0.0666/kg for other exporting companies. The rate is $0.1095/kg for Germany and $0.1270/
H-beam kg for the UK.

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 Casing and China Duties extended for five years in March 2023. The duty is calculated based on the difference between the FOB base price of US$1,913.92/ton and
tubing pipes the declared FOB price, provided that the latter is less than the base price.
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
Brazil Import tariff Steel products All suppliers The Brazilian economy ministry on Nov. 5 temporarily reduced the import tariffs over a variety of steel products. The measure – valid until Dec. 31,
2022 – covers from raw materials such as pig iron, ferroalloys, to semi-finished ingots, billets, slabs and flats and long steel products, including
tubes & pipe. HRC, CRC, rebar and wire rod had their 12% import tariff cut to 10.8%.
Brazil Import tariff Rebar All suppliers The Brazilian government cut its steel rebar import tariff to 4% from 10.8% in May 2022
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 Duty of $437.09/mt extended for five years in Nov. 2022

© 2023 by S&P Global Inc. All rights reserved. 14

Steel Price Report July 12, 2023

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 Aug 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 Duties temporarily suspended. Suspension extended in March 2023 until the end of the duty’s validity.
Brazil AD Cold-rolled Indonesia Indonesia’s grade 304 cold-rolled stainless steel sheets subject to an AD duty rate of 18.79%.
stainless steel
sheets

Europe & Turkey

Safeguard Steel products All suppliers The European Commission has kept in place definitive safeguards on certain steel products until June 30, 2024. The EC first imposed a definitive
EU duties safeguard measure on certain steel products on Jan. 31, 2019.
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 Import ban Steel products Russia, Belarus Impacts finished steel products under safeguard measures. Any contracts closed before March 2, 2022 for Belarus and before March 16, 2022 for
Russia are allowed to enter the EU market and will be assigned to the residual quotas for particular product categories. Semi-finished steel product
import ban added to sanctions Oct. 6. Slab and billet imports allowed until April and October 2024, respectively, on a quota basis.
EU AD Hot-dipped Russia, Turkey Definitive duties of 2.4%-11% for Turkish producers and 10.3%-37.4% for Russia imposed in Aug. 2022 to remain in effect for five years
galvanized coil
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 AD duties of 17.2%-27.9% set in Feb.2018; duties extended to modified CORE imports in Aug. 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 Stainless steel China, Taiwan, Malaysia Duties on China and Taiwan extended for another five years in 2023 ruling. Duties extended to Malaysia after imports found circumventing order on
tube and pipe China. Duty rates range from 5.1% to 12.1% for Taiwan, from 30.7% to 64.9% for China, and 64.9% for Malaysia. Malaysia’s Pantech Stainless & Alloy
butt-welding Industries and United Industry are exempted from the measures.
fittings
EU AD Seamless pipe China Final duties of 29.2%-54.9%
EU AD Seamless pipe Russia, Ukraine After an expiry review in Oct. 2018, the EC has decided to continue duties of 12.3%-25.7% for Ukraine and 24.1%-35.8% for Russia
& tube
EU AD HDG China Provisional anti-dumping duties of 46.2%-62.9%
EU AD Stainless steel China EC 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 EU continued AD order in Oct. 2021 at country-wide rate of 24% with the exception of Valin Group, which is subject to an individual duty rate of 7.9%.

© 2023 by S&P Global Inc. All rights reserved. 15

Steel Price Report July 12, 2023

Trade Case Status Report (continued)

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

EU AD Hot-rolled China, Indonesia, Taiwan, Turkey Duties were set at 17.3% for Indonesia, 9.2%-19% (depending on the producer) for China and 4.1%-7.5% for Taiwan in Oct. 2020. The 17.3% duty for
stainless sheet Indonesia was extended to imports from Turkey when the EC determined in April 2023 that products from Turkey were circumventing the duty order
on Indonesia.
EU AD Stainless cold- India, Indonesia The EC placed AD duties of 13.9%-35.3% for India and 10.2%-20.2% for Indonesia in Nov. 2021. Anti-subsidy duties of 7.5% for India and 21% for
rolled steel Indonesia imposed in March 2022
EU AD HDG Turkey, Russia Definitive duties set at 2.4%-11% for Turkish producers and 10.3%-37.4% for Russia in May 2022
EU AD Electrolytic China, Brazil Definitive anti-dumping duties of 30.7%-77.9% placed on imports of electrolytic chromium coated steel from China and Brazil set by the EC in
chromium November 2022.
coated steel
UK Safeguard Steel products All suppliers The UK imposed its own steel import safeguards measures from Jan. 1, 2021, similar to those previously put in place by the EC. Safeguards
extended on imports of products from 15 categories from July 1, 2022 until June 30, 2024
UK Import tariff Steel products Russia The UK introduced additional 35% tariffs on imports of a few Russian metals March 15, including steel
UK Safeguard Construction Northern Ireland The UK placed a 25% safeguard tariff on some steel construction products sold into Northern Ireland in Aug. 2022
steel
UK AD Welded tubes Belarus, China, Russia Transition review underway
UK AD Wire rod China The UK Trade Remedies Authority in Feb. 2022 proposed keeping AD measures on Chinese wire rod until 2026
UK AD Rebar China AD duties between 18.4% and 22.5% applied to multiple producers until July 2026.
UK AD Wire rod China Transition review underway
UK AD Cold-rolled flat China, Russia The UK government in August 2022 approved the Trade Remedies Authority’s recommendation that existing antidumping measures on cold-rolled
steels flat steel from Russia and China be kept for another five years
UK AD Heavy plate China Antidumping duties in the range of 65.1%-73.7% renewed for five years in June 2023
UK AD, CVD HRC China, Ukraine, Russia, Brazil, Iran Duties temporarily suspended for Ukraine for a further 12 months in May 2023. The TRA is reviewing AD measures on imports of these products
from Russia, Ukraine, Brazil and Iran.
UK AD Corrosion- China Review underway
resistant steel
Turkey Import duty Finished & Third country imports Duties increased to 15%-20% in Jan. 2023
semi-finished
steel
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 temporary 13% import duty, according to a decree published in Jan. 2023. White good
producers’ HRC imports subject to 15%. Duties on other unalloyed hot-rolled, cold-rolled and coated coil imports set at 15%, 17% and 20%,
respectively. EU countries and countries with which Turkey has free trade agreements will be exempted from the customs duty rise. Duties to take
effect May 2023.
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 Import duty Cold-rolled All suppliers Turkey lowered import duties to 8% from 12% effective Jan. 1, 2022. The tariff does not apply to countries with which Turkey has a free trade
stainless sheet agreement, such as the EU.
Turkey AD HRC EU, South Korea Duties imposed in July 2022 at 7%-12.8% for EU producers and 7%-8.95% for South Korean producers

CIS

Ukraine AD Wire rod & rebar Russia Final duty of 51.21%, effective February 28, 2018

Ferrous waste Exports outside of Eurasian

Russia Export quota 600,000 mt quota with 5% tariff extended to end of 2023
and scrap Economic Union

© 2023 by S&P Global Inc. All rights reserved. 16

Steel Price Report July 12, 2023

Trade Case Status Report (continued)

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

Africa & Middle East

Morocco Safeguard duties HRC All imports Duties extended to June 18, 2026
Morocco Safeguard duties Rebar, wire rod All imports Duties of dirham 0.55/kilogram extended to October 15, 2023. Duties applicable to imports in excess of quota
Welded pipe &
Morocco Safeguard duties All imports 25% duty put in place in Sept. 2020 which reduces by 1% year by year
tube
CRC, coated
Morocco Safeguard duties All imports Duty rates are 22% for 2015, 20% for 2016, 18% for 2017 and 16% for 2018
sheet
Morocco AD Galvanized wires Turkey AD duties of 21% on Aslanli Tel Sanayi and 61% on Güney Çelik and other Turkish producers and exporters.
Rebar, wire rod,
Egypt AD China, Turkey, Ukraine Duties extended for 12 months, effective June 6, 2022.
coil
HRC & CRC (all
thickness), plate, 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 10%
Iran Import duties All suppliers
longs and semi- from 15%, tinplate tariff reduced to 15% from 26%
finished products
Iran Export duty Steel products, All markets The Iranian government reduced export duties for steel products and raw materials for the second time in May 2022 due to difficulties facing
iron ore the steel industry, according to a circular issued by the Ministry of Industry, Mines and Trade. According to the new directive, the government has
reduced the export duty for steel slabs under HS code 7207 to 5% from 17% and for billet under HS code 7206 to 2% from 11%.
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
South Africa Safeguard HR coil & plate All suppliers Duties of 22% in 2017, 20% in 2018 and 18% in 2019
duties
South Africa Export ban Ferrous waste All exports South Africa extended six-month ban on the export of copper, copper alloy, ferrous and non-ferrous waste and scrap in June 2023
and scrap
UAE Safeguard Rebar and wire All imports Duties of 10% effective until October 12, 2025.
duties rod

Asia
Hot-dip
Taiwan AD galvanized coil/ 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%. Sunset review initiated June 2022.
sheet
Taiwan AD CRC & stainless China, South Korea Duties of 38.11% for China and 37.65% for South Korea extended for another five years in August 2019. Sunset review initiated June 2022.
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%. Duties
Taiwan AD Heavy plate
Korea, Ukraine renewed for a further five years in Sept. 2022
Stainless steel
South Korea Import tariff 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
Stainless steel
South Korea AD Japan The Korea Trade Commission has requested the Ministry of Trade extend 13.17% duty for three years
plate
Galvanized steel
South Korea AD China Final duty of 8.6% for five years, as of May 2018
wire
Flat-rolled
South Korea AD China, Indonesia, Taiwan South Korea imposed duties of 7.17%-29.68% to last five years in July 2021
stainless
Thailand has imposed antidumping duties ranging from 4.74% to 42.34% on hot-rolled steel coils and plates originating from Egypt and Vietnam for
Thailand AD HRC Egypt, Vietnam
five years, effective Dec, 1, 2021.
Thailand AD HDG coil/sheet China, South Korea, Taiwan China 2.65%-29.50%, South Korea 6.31%-22.55%, Taiwan 5.85%-24.14% (January 10, 2019 to January 9. 2024)
Al-Zn alloy
Thailand AD Vietnam Final duties of 6.20%-40.49% levied
coated sheet
Painted HDG,
Thailand AD Painted Al-Zn Vietnam Final duties of 4.3%-60.26% levied
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

© 2023 by S&P Global Inc. All rights reserved. 17

Steel Price Report July 12, 2023

Trade Case Status Report (continued)

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

Thailand AD Alloy-added China Final duties of 12.26%-36.79% extended for five years in May 2020
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 dropped for China, Malaysia in March 2023; Duties extended for five years in June 2021 for Japan, South Africa, Russia, Kazakhstan, India,
Japan, India, Taiwan, Russia South Korea, Taiwan, Venezuela, Argentina, Ukraine, Algeria, Indonesia, Slovakia and Romania ranging from 0%-128.11%
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
Thailand AD Cold-rolled Malaysia, Indonesia Duties for Malaysia’s Bahru Stainless are 15.23% and 32.25% for other Malaysian companies. Duties are 6.28% for Indonesia’s Imr Arc Steel, 7.02%
stainless steel for Ruipu Nickel and Chrome Alloy, and 51.69% for other Indonesian companies.
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 on CRC imported from
South Korea and Vietnam terminated effective June 27, 2023
Malaysia AD Rebar Singapore, Turkey Malaysia imposed AD duties ranging from zero to 20.09%, ranging from Jan. 22, 2020 to Jan. 21, 2025
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 AD Color coated China, Vietnam Malaysia renewed AD duties of 12.06% to 52.10% on prepainted, painted or color coated steel coils from China and Vietnam for five years, effective
coil 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%-111.16% 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% from Dec. 12, 2020 until Dec. 11, 2025
Malaysia AD PC strand China Malaysia imposed AD duties ranging from 2.09% to 21.72% for five years effective Dec. 25, 2021
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 Duties range from 4.43%-25.22%.
Vietnam AD Flat-rolled China, South Korea Final duties set at 2.53%-34.27% for China and 4.71%-19.25% for South Korea in October 2019. Amended to 3.88% on both countries starting in
painted steel March 2023.
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
Vietnam Import duties Billet, long steel All importers Billet duties suspended indefinitely in March 2023. Duty on long steel products will be 6.3% until March 21 2024, then 6.2% until March 21 2025,
products 6.1% until March 21 2026, and then reduced to zero.

© 2023 by S&P Global Inc. All rights reserved. 18

Steel Price Report July 12, 2023

Trade Case Status Report (continued)

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

Vietnam Import duties Angle, mold and All importers Tax on angle, mold and shaped steel products cut to 10% from 15%, while tax on flat-rolled non-alloy steels will fall to 15% from 20%-25%
shaped steel
products, flat-
rolled non-alloy
steel
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 Safeguard duty I-section, All countries Duties of 17% from December 2022-December 2023 and 16.75% from December 2023-December 2024
H-section, other
alloy steel
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)
Indonesia AD HRC China, India, Russia, Belarus, Duties up to 20% applied.
Kazakhstan, Taiwan, and Thailand
Indonesia AD I-section, China Duties set at 11.93%. Set to expire in April 2024.
H-section
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
China Export duty Billet All suppliers China’s finance ministry abolished the 10% export duty on steel billet, effective January 1, 2019.
Japan Export ban Steel products Russia In March 2023, Japan announced that it would ban exports of multiple products to Russia, including steel, effective April 7, 2023.
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 Export tariff Assorted steel All markets The Indian government in Nov. 2022 withdrew the duty on finished steel products, including HRC and rebar. The government had imposed a 15%
products duty late May.
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 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 sheets
and plates Brazil, Indonesia and plates. Duties not renewed by India’s Ministry of Finance Jan. 7, 2022.
India CVD HR, CR China CVD duties set at 18.95% in July 2017. Renewed for 5 years in April 2023.
stainless flat
products
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. Duties not renewed by India’s Ministry of Finance Jan. 7, 2022.
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 Nov. 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+

© 2023 by S&P Global Inc. All rights reserved. 19

Steel Price Report July 12, 2023

Trade Case Status Report (continued)

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

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
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
India AD Stainless steel China Duties announced in Sept. 2022 for five years. The tariffs range from nil to $114/mt-$3,801/mt
seamless tubes
Pakistan AD Billet China Duty of 24.04%
Pakistan AD CRC Canada, Russia Duty of 13.94% for five years effective September 20, 2019
Pakistan AD Color-coated China, South Africa Duties of 5.36%-10.88% for China and 14.24% for South Africa for five years effective June 13, 2018
steel
Pakistan AD CRC EU, South Korea, Taiwan, Vietnam Pakistan imposed antidumping duties ranging from 6.18% to 17.25% for five years from August 23, 2021

Australia
Australia AD HRC Taiwan Duty rates apply from 2.0% to 5.5%
Australia AD, CVD Rebar China Final AD duty of 19% extended for five years in Dec. 2020
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
Taiwan
Australia AD Rebar Greece, Indonesia, Spain, Taiwan, Duties extended for Greece, Spain, Indonesia and Taiwan in Feb. 2023; duties on Thailand dropped
Thailand
Australia AD Chrome-plated Italy, Romania AD duties of 40.7% recommended for all Romanian exporters in July 2021 for five years; 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, Duties of 1.0%-30.4% imposed in 2012 recommended to continue after July 3, 2022
Taiwan
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, CVD Precision steel China, South Korea Definitive duties of 2.9%-19.7% for China and 6.2% for South Korea set in Sept. 2021
pipe & tube
Source: Compiled by Platts, updated weekly

© 2023 by S&P Global Inc. All rights reserved. 20

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