Steel Dynamics 'pleased' with DOC determination on flat roll steel from China
Steel Dynamics commented that it is pleased with this week's announcement by the Department of Commerce concerning the preliminary affirmative circumvention determination against flat roll steel from China processed into cold roll and corrosion resistant flat roll steel in Vietnam. The circumvention investigation was made pursuant to a petition filed by Steel Dynamics on September 22, 2016. "We are very pleased that Secretary Ross is taking steps to aggressively enforce U.S. trade laws," commented Mark D. Millett, President and Chief Executive Officer. "Stopping the circumvention of enacted trade laws will ensure a level playing field for the domestic steel industry. As the largest non-automotive flat roll steel coater in the U.S., it could be a meaningful positive tailwind for Steel Dynamics."