U.S. Long Product Market & Trade Issues. Presentation by Bernd Neuenkirchen

Transcription

1 U.S. Long Product Market & Trade Issues Presentation by Bernd Neuenkirchen

2 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q U.S. Economic Growth 6% Assumptions: Department of Commerce One Trader's Opinion 4% 2% 0% -2% -4% -6%

3 NET TONS X 1,000 U.S. Raw Steel Production Increases Slightly week average million tons per week week average million tons per week week average million tons per week week average million tons per week

4 U.S. Automotive Sales

5 The U.S. Housing Market

6 U.S. Construction Spending

7 Consumer Price Index

8 METRIC TONS Selected Steel Import Data Hot Roll Sheet Rebar Wire Rod Cold Roll Sheet OCTG

9 AD and CVD Investigations of Rebar from Mexico and Turkey DOC s Final Determination Mexico (AD) Deacero 20.58% (preliminary: 20.59%) Grupo Simec 66.70% (preliminary: 10.66%) Grupo Acerero 66.70% (preliminary: 66.70%) All Others 20.58% (preliminary: 20.59%) The DOC also made an affirmative preliminary determination of critical circumstances with respect to all Mexican producers and exporters of rebar. Turkey (AD) Habas 0.00% (preliminary: 0.00%) ICDAS 0.00% (preliminary: 2.64%) All Others 0.00% (preliminary: 2.64%) As the result of this negative final determination, the DOC will terminate the AD investigation of rebar from Turkey. Turkey (CVD) Habas 0.74% (de minimis) (preliminary: 0.78% (de minimis)) ICDAS 1.25% (preliminary: 0.10% (de minimis)) All Others 1.25% As the result of its de minimis rate, Habas will be excluded from the CVD order. The DOC made a negative determination of critical circumstances with regard to ICDAS but an affirmative determination with regard to all other Turkish producers and exporters. The U.S. International Trade Commission (ITC) is scheduled to make its final injury determination on October 14, 2014.

10 AD and CVD Investigation of Chinese Wire Rods DOC s Preliminary Determination AD Investigation: Hunan Valin Xiangtan Jiangsu Shagang International Trade Co Rizhao Steel All others, including: Benxi Beiying Iron & Steel Tangshan Iron & Steel Angang Group Qingdao Jiangsu Yonggang Baotou % - Negative Critical Circumstances % - Affirmative Critical Circumstances Retroactive date: June 10, 2014 CVD Investigation: Benxi Group 10.30% - Negative Critical Circumstance Heibei Iron & Steel including Tangshan 81.36% - Affirmative Critical Circumstances All Others 10.30% Retroactive Date: April 9, 2014 Expected Final Determination: November 12, 2014

11 Countries under AD/CVD order Steel Reinforcing Bars Country Type of Trade Case Affected Party Duty Percentage Belarus AD All Producers China AD Laiwau Steel 133 AD All Others 133 Indonesia AD Eight Mills AD All Others Latvia AD Liepajas Metalurgs 4.87 AD All Others Moldova AD All Producers Ukraine AD All Producers Mexico AD/CVD All Producers Various Turkey CVD All Except Habas 1.25

12 Countries under AD/CVD order Carbon Steel Wire Rod Country Type of Trade Case Affected Party Duty Percentage Brazil CVD Belgo Mineira 6.74 CVD Gerdau 2.76 CVD All Others 5.64 AD Belgo Mineira AD All Others Indonesia AD Ispat Indonesia 0 AD All Others 4.06 Mexico AD Ternium AD De Acero AD Arcelor Mittal (Sicartsa) 5.59 AD All Others Moldova AD All Producers Trinidad & Tobago AD Arcelor Mittal AD All Others China AD/CVD All Producers Various

13 IMPORTS IN METRIC TONS Imports of Steel Reinforcing Bars Worldwide Mexico Turkey

14 2014 U.S. Imports of Rebar in Total and by Selected Countries (in 000 MT) World Turkey Mexico Japan Spain Korea Peru Portugal January February March April May June July August September Total

15 IMPORTS IN METRIC TONS Imports of Carbon Steel Wire Rods Worldwide Canada Japan Turkey China

16 2014 U.S. Imports Wire Rod in Total and by Selected Countries (in 000 MT) World China Canada Turkey Japan Brazil Korea UK January February March April May June July August September Total 1,

17 Canadian AD Investigations of Rebar from China, Korea, and Turkey CBSA Preliminary Dumping Determinations Effective September 11, 2014 China Shiheng Special Steel Group Co., Ltd. AD margin: 25.4% CVD margin: 0.6% Total AD/CVD Margin: 26.0% All Other Chinese Exporters AD margin: 32.9% CVD margin: 25.2% Total AD/CVD Margin: 58.1% Turkey Habaş Sinai ve Tıbbi Gazlar Istihsal Endüstrisi A.S. AD margin: 15.2% CVD margin: 2.5% Total AD/CVD Margin: 17.7% All Other Turkish Exporters AD margin: 32.9% CVD margin: 22.8% Total AD/CVD Margin: 55.7% Korea Hyundai Steel Company AD margin: 14.5% CVD margin: 0.3% Total AD/CVD Margin: 14.8% Hyundai Corporation AD margin: 21.5% CVD margin: 3.8% Total AD/CVD Margin: 25.3% G.S. Global Corporation AD margin: 25.6% CVD margin: 3.8% Total AD/CVD Margin: 29.4% All Other Korean Exporters AD margin: 32.9% CVD margin: 3.8% Total AD/CVD Margin: 36.7%

18 Questions?