Steel sheet travels sideways, all eyes turn to pending duties

摘要

A high preliminary countervailing duty against cold-rolled imports from China will remove from the U.S. market the biggest and cheapest offshore source of the product, industry sources said.Single-digit margins against other nations targeted in U.S. steelmakers' cold-rolled trade petition were largely expected and won't be enough to remove those suppliers from the scene unless they also are hit with high anti-dumping tariffs, trader sources said.