What happened in the U.S. steel market this week?

The US steel market closed the week with ups and downs. The country's steel production decreased by 4.6% on y-o-y, while another product import that decreased was steel coils. U.S. steel coil imports decreased on m-o-m and y-o-y to 109,100 tons. However, in contrast to these decreases, the rebar market moved in an upward direction. Rebar imports increased on m-o-m and y-o-y to 92,000 tons, while imports of oil field pipe products (OCTG) increased on y-o-y to 63,900 tons.

In addition to all these developments, the US set the dumping margin for South Korea's HiSteel this week. The country set the average dumping margin for heavy-walled rectangular welded steel pipes and tubes at 2.80%.