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Cold-rolled case may be filed soon: analysts

Keywords: Tags  Morgan Stanley, cold-rolled, galvanized, trade case, Thorsten Schier


NEW YORK — A rumored trade case against cold-rolled and galvanized steel imports could be filed as early as Labor Day weekend, according to an Aug. 11 research note by analysts at New York-based Morgan Stanley Research America.

"Regardless of outcome, a trade case could be supportive of pricing as it relieves import pressure," the analysts wrote, adding that it also could "help extend the current upward momentum in steel pricing through the back half of the year."

Market sources and domestic mills have said that trade cases on value-added flat-rolled imports are in the works (amm.com, July 22), with sources suggesting that cold-rolled coil and coated products from China, India, South Korea and Taiwan could be in the crosshairs (amm.com, Aug. 4).

Some trading firms reportedly have already stopped offering Chinese product due to the threat of trade action (amm.com, July 3).


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