July 19, 2023 – The U.S. Department of Commerce (DOC) has launched a circumvention investigation into Common Alloy Aluminum Sheets from South Korea via China. Asian commodity prices continue to rise on Wednesday. And Stainless Espresso: Strong, hot and compact!
Aluminum Sheet: US DOC launches circumvention investigation
The US Department of Commerce (DOC) has launched a company-specific circumvention investigation into imports of common alloy aluminum sheet (CAAS) from South Korea via China at the request of the Aluminum Association Common Alloy Aluminum Sheet Trade Enforcement Working Group and its members. According to the working group, the companies concerned would circumvent the existing anti-dumping and countervailing duties of nearly 100% combined.
Which products are affected?
The merchandise covered by the orders is aluminum common alloy sheet (common alloy sheet), which is a flat-rolled aluminum product having a thickness of 6.3 mm or less, but greater than 0.2 mm, in coils or cut-to-length, regardless of width.
Asian commodity prices rising again
Commodity prices in Asia continued their positive trend today (Wednesday). SHFE nickel futures gained about 1.4%, and silicone futures on the Guangzhou Futures Exchange (GFEX) gained about 1.24%.
Both metals, nickel and silicone, are used in stainless steel production and increase corrosion protection. Silicone also significantly reduces the loss of chromium during the melting of stainless steel in the EAF.
In addition, prices for HRC (+0.39%), stainless steel (+0.81%), coke (+1.71%) and coking coal (+3.05%) rose again today on the Asian commodity exchanges.
Stainless Espresso: Strong, hot and compact
You may have noticed, but we’ve made Stainless Espresso more compact and quicker to read again. In fact, back to exactly why we started the Stainless Espresso every weekday for you, the reader.
For the last few months, we have thrown ourselves into the political breach for you and for your benefit, trying to fill the gap that associations and stakeholders could not or would not fill.
The extra kick in the morning
We are now turning the Stainless Espresso back into what it was meant to be: giving you that extra kick in the morning to start the day well informed. To support your business, your sales and your turnover.
Quieter? Certainly not!
Does that make the Stainless Espresso team any quieter? No, of course not. We continue to fight for small and medium-sized businesses, their employees and their families. So that you as an entrepreneur can still buy where you want today and tomorrow and are not defenceless against the dictates of politics and large corporations.
But from now on, we reserve the extra strong Stainless Cappuccino for that. Because the inconvenient truth simply needs a few more sharp lines to unfold its full effect.
- China: Important course decisions expected
- Stainless steel prices stable, increases expected from Taiwan
- Indonesian nickel export ban: EC moves to next level
We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.