STEEL PRICE REPORT

Volume 5 / Issue 35 / February 21, 2018

Daily steel benchmarks Contents

Platts symbol Unit Range Close/Midpoint % change
Semi-finished Flat products 2
Billet China domestic production Tangshan inc. 17% VAT SB01032 Yuan/mt 3610.00–3610.00 3610.00 0.00 Long products 4
Billet FOB Black Sea STBLB00 $/mt – 515.00 0.00 Stainless 5
Square bar Pipe and tube 6
Square bar FOB China STSBF00 $/mt NA–NA NA NA Semi-finished 6
Hot-rolled coil Steel assessments currency and unit comparisons 6
HRC FOB China SS400 STHRZ02 $/mt NA–NA NA NA Steel mill economics: global spreads 7
HRC FOB China SAE1006 Premium STHRY00 $/mt – NA NA Platts Turkey ARC tracker 8
TSI HRC (SAE) Asean imports (CFR Asean port) TS01041 $/mt – 607.00 0.00 Exchange steel futures 9
HRC FOB Black Sea STHRB00 $/mt 585.00–595.00 590.00 0.00 Steel industry data 9
HRC CIF US Gulf Coast STHRG00 $/st 630.00–640.00 635.00 0.00 Trade Case Status Report 10
HRC CIF Antwerp STHRA00 €/mt 565.00–575.00 570.00 0.00
Platts TSI HRC EXW Indiana TS01018 $/st – 748.25 -0.10
Platts TSI North European HRC, EXW Ruhr STHRE00 €/mt – 570.00 -0.35 BILLET, FOB BLACK SEA
HRC CPT Moscow (weekly) AAXJI00 Rb/mt 34650.00–35200.00 34925.00 0.00
($/mt)
Cold-rolled coil 525
CRC FOB Black Sea STRRB00 $/mt 630.00–635.00 632.50 0.00
CRC CIF US Gulf Coast STRRG00 $/st 725.00–735.00 730.00 0.00
CRC CIF Antwerp STRRA00 €/mt 640.00–650.00 645.00 0.00 500
Platts TSI North European CRC, EXW Ruhr STRRE00 €/mt – 642.50 0.00
Platts TSI CRC EXW Indiana STRRI00 $/st – 880.00 +0.95
Plate 475
Platts TSI Plate Delivered US Midwest STPRI00 $/st – 839.00 0.00
Plate CIF US Gulf Coast STPRG00 $/st 650.00–660.00 655.00 0.00
450
Rebar 24-Nov 08-Dec 22-Dec 10-Jan 24-Jan 07-Feb 21-Feb
Rebar FOB Turkey STCBM00 $/mt 570.00–580.00 575.00 +0.88
Rebar FOB China STCBZ02 $/mt NA–NA NA 0.00
Rebar CIF US Gulf Coast (Houston) STCBG00 $/st 575.00–595.00 585.00 0.00
Assessment Rationale
Rebar EXW US Southeast STCBC00 $/st 615.00–630.00 622.50 0.00
Platts TSI Rebar EXW Northwest Europe STCBE00 €/mt – 561.00 -0.09 Platts Rebar FOB Turkey Assessment Rationale: S&P Global Platts
Rebar HRB400 18-25mm China domestic production assessed Turkish export rebar at $575/mt FOB Turkey Wednesday,
Beijing trader inc. 17% VAT SB01198 Yuan/mt NA–NA NA NA up $5/mt on Tuesday. Asking prices heard by a number of market
For Platts assessment methodology, please go to: http://platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/steel.pdf sources were up to $590/mt FOB Turkey, actual weight basis. A
For TSI methodology, please go to https://www.thesteelindex.com/en/procedures-methodology/
mill source reported a sale to Israel at $580/mt FOB Marmara. A
trader said it was possible to negotiate a $580/mt FOB level with
Platts steel price trackers mills. This was not workable for end users in most markets,
Tracker name Platts symbol Value Change however. Another trader said $580/mt FOB was rejected by buyers
Tube & pipe price tracker World SBIAY00 114.53 0.00
(continued on page 7)
Tube & pipe price tracker North America SBIAP00 106.27 0.00
Note: Trackers updated to reflect previous day's price inputs

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Steel Price Report February 21, 2018

Flat products
Frequency Platts symbol Unit Range Close/Midpoint % change
Hot-rolled coil export assessments
HRC FOB China SS400 Daily STHRZ02 $/mt NA–NA NA NA
HRC FOB China SAE1006 Premium Daily STHRY00 $/mt – NA NANA
HRC FOB Black Sea Daily STHRB00 $/mt 585.00–595.00 590.00 0.00
HRC Russia Black Sea exports FOB Monthly SB01151 $/mt 585.00–595.00 590.00 +2.61
HRC Turkey exports FOB Weekly SB01155 $/mt 635.00–645.00 640.00 +0.79
Hot-rolled coil import assessments
HRC CIF US Gulf Coast Daily STHRG00 $/st 630.00–640.00 635.00 0.00
HRC CIF Antwerp Daily STHRA00 €/mt 565.00–575.00 570.00 0.00
HRC imports CFR Southeast Asia Daily SB01142 $/mt 596.00–598.00 597.00 0.00
TSI HRC (SAE) Asean imports (CFR Asean port) Daily TS01041 $/mt – 607.00 0.00
HRC Europe imports CIF Southern Europe port Monthly SB01143 €/mt 550.00–560.00 555.00 +5.71
HRC Middle East imports CFR Persian Gulf port Monthly SB01146 $/mt 605.00–615.00 610.00 +2.52
HRC Turkey imports CFR Turkish port Monthly SB01156 $/mt 595.00–605.00 600.00 +2.56
HRC DDP West Midlands UK Weekly STHWM04 £/mt 515.00–525.00 520.00 0.00
Hot-rolled coil domestic assessments
Platts TSI HRC EXW Indiana Daily TS01018 $/st – 748.25 -0.10
Platts TSI North European HRC, EXW Ruhr Daily STHRE00 €/mt – 570.00 -0.35
Platts TSI North European HRC, EXW Ruhr MTD Avg Daily STHRF00 €/mt – 565.17 +0.06
Platts TSI South European HRC, EXW S.EU Daily SB01152 €/mt – 552.00 0.00
Platts TSI South European HRC, EXW S.EU MTD Avg Daily SB01264 €/mt – 550.57 +0.02
HRC Q235 5.5mm China domestic production Shanghai inc. 17% VAT Daily SB01260 Yuan/mt NA–NA NA NA
Platts TSI HRC Turkey domestic EXW Weekly SB01154 $/mt – 641.50 +1.42
HRC Mexico domestic production delivered Monthly SB01145 $/mt 844.70–846.85 845.78 +9.86
HRC Mexico domestic production delivered Monthly SB01503 pesos/mt 15750.00–15790.00 15770.00 +3.65
HRC India domestic delivered Mumbai Weekly TS01046 Rupee/mt – 43500.00 0.00
HRC Brazil domestic production EXW taxes excluded Weekly SB01138 Real/mt 2640.00–2680.00 2660.00 0.00
HRC CPT Moscow Weekly AAXJI00 Rb/mt 34650.00–35200.00 34925.00 0.00
HR Sheet CPT Moscow Weekly AAXJH00 Rb/mt 35250.00–35800.00 35525.00 0.00
Cold-rolled coil export assessments
CRC Russia Black Sea exports FOB Monthly SB01090 $/mt 630.00–635.00 632.50 +2.43
CRC China exports FOB Shanghai Weekly SB01083 $/mt 620.00–620.00 620.00 +0.65
CRC Brazil exports FOB Brazilian port Monthly SB01081 $/mt 630.00–640.00 635.00 +5.83
CRC FOB Black Sea Daily STRRB00 $/mt 630.00–635.00 632.50 0.00
Cold-rolled coil import assessments
CRC East Asia imports CFR Monthly SB01084 $/mt 620.00–625.00 622.50 -0.80
CRC Europe imports CIF Southern Europe port Monthly SB01085 €/mt 610.00–630.00 620.00 +4.20
CRC Turkey imports CFR Turkish port Monthly SB01093 $/mt 645.00–655.00 650.00 +2.36
CRC CIF US Gulf Coast Daily STRRG00 $/st 725.00–735.00 730.00 0.00
CRC CIF Antwerp Daily STRRA00 €/mt 640.00–650.00 645.00 0.00

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 2
Steel Price Report February 21, 2018

Flat products
Frequency Platts symbol Unit Range Midpoint/Close % change

Cold-rolled coil domestic assessments

Platts TSI South European CRC, EXW S.EU Weekly SB01091 €/mt – 643.00 +0.47
CRC China domestic production Shanghai inc. 17% VAT Weekly SB01082 Yuan/mt 4640.00–4660.00 4650.00 0.00
Platts TSI CRC Turkey domestic EXW Weekly SB01092 $/mt – 724.00 +0.07
CRC Mexico domestic production delivered Monthly SB01086 $/mt 975.03–977.18 976.11 +8.92
CRC Mexico domestic production delivered Monthly SB01403 pesos/mt 18180.00–18220.00 18200.00 +2.77
CRC Brazil domestic production EXW taxes excluded Monthly SB01080 Real/mt 2940.00–2980.00 2960.00 +11.49
Platts TSI North European CRC, EXW Ruhr Daily STRRE00 €/mt – 642.50 0.00
Platts TSI CRC EXW Indiana Daily STRRI00 $/st – 880.00 +0.95

Hot dip galvanized assessments

HDG China export FOB Shanghai Monthly SB01119 $/mt 670.00–675.00 672.50 -0.81
HDG Middle East imports CFR Persian Gulf port Monthly SB01122 $/mt 690.00–700.00 695.00 -0.71
HDG Europe imports CIF Southern Europe port Monthly SB01121 €/mt 630.00–640.00 635.00 +0.79
HDG North America imports CFR Gulf port Monthly SB01124 $/st 840.00–860.00 850.00 +1.19
Platts TSI North European HDG Coil, EXW N.EU Wkly Weekly SB01125 €/mt – 680.00 +1.42
Platts TSI South European HDG Coil, EXW S.EU Wkly Weekly SB01126 €/mt – 654.50 +0.93
Platts TSI Turkey HDG Ex-Works Wkly Weekly SB01127 €/mt – 825.00 +0.92
Platts TSI US HDG EXW Indiana Weekly TS01010 $/st – 938.25 +1.32
HDG China domestic production Shanghai inc. 17% VAT Monthly SB01118 Yuan/mt 4900.00–5000.00 4950.00 -1.49
HDG Brazil domestic production EXW taxes excluded Monthly SB01117 Real/mt 3370.00–3410.00 3390.00 +11.51

Plate assessments
Plate CIS export FOB Monthly SB01179 $/mt 580.00–590.00 585.00 0.00
Plate commercial grade China export FOB Shanghai Monthly SB01180 $/mt 562.00–563.00 562.50 0.00
Plate Europe imports CIF Southern Europe port Monthly SB01182 €/mt 550.00–560.00 555.00 +3.74
Plate CFR East Asia (Dangjin, South Korea port) Weekly TS01043 $/mt – 582.00 0.00
Plate CIF US Gulf Coast Daily STPGM00 $/mt 716.49–727.51 722.00 0.00
Plate CIF Antwerp Weekly STPRA00 €/mt 580.00–590.00 585.00 0.00
Plate China domestic production Shanghai inc. 17% VAT Monthly SB01178 Yuan/mt 4000.00–4050.00 4025.00 -4.73
Platts TSI South European Plate, EXW S.EU Wkly Weekly SB01185 €/mt – 582.00 0.00
Plate Turkey domestic production EXW Monthly SB01186 $/mt 660.00–670.00 665.00 +1.53
Plate A36 Brazil domestic production EXW taxes excluded Monthly SB01175 Real/mt 2360.00–2380.00 2370.00 +11.79
Plate CIF US Gulf Coast Daily STPRG00 $/st 650.00–660.00 655.00 0.00
Platts TSI Plate Delivered US Midwest Daily STPRI00 $/st – 839.00 0.00
Platts TSI North European Plate, EXW Ruhr Wkly Weekly STPRE00 €/mt – 601.00 -0.08

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 3
Steel Price Report February 21, 2018

Long products
Frequency Platts symbol Unit Range Midpoint % change
Square bar prices
Square bar FOB China Daily STSBF00 $/mt NA–NA NA NA
Rebar export prices
Rebar FOB Turkey Daily STCBM00 $/mt 570.00–580.00 575.00 +0.88
Rebar FOB China Daily STCBZ02 $/mt NA–NA NA NA
Rebar import prices
Rebar CIF US Gulf Coast (Houston) Daily STCBG00 $/st 575.00–595.00 585.00 0.00
Rebar CFR Southeast Asia Daily SB01195 $/mt 555.00–556.00 555.50 0.00
Rebar Middle East imports CFR Gulf States port Monthly SB01201 $/mt 570.00–580.00 575.00 +0.88
Rebar domestic prices
Rebar EXW US Southeast Daily STCBC00 $/st 615.00–630.00 622.50 0.00
Platts TSI Rebar EXW Northwest Europe Weekly STCBE00 €/mt – 561.00 -0.09
Rebar HRB400 18-25mm China domestic production Beijing Trader inc. 17% VAT Daily SB01198 Yuan/mt NA–NA NA 0.00
Rebar Middle East domestic production EXW Monthly SB01200 $/mt 580.00–618.00 599.00 +0.67
Rebar North America domestic production Ex-mill US Midwest Weekly SB01202 $/st 630.00–640.00 635.00 +3.67
Rebar HRB400 18-25mm China domestic ex-works Jiangsu inc. 17% VAT Weekly SB01259 Yuan/mt 3900.00–3900.00 3900.00 0.00
Rebar CPT Moscow Weekly AAXJG00 Rb/mt 29400.00–29750.00 29575.00 0.00
Rebar Mexico domestic production delivered Monthly SB01199 $/mt 667.72–673.08 670.40 +28.32
Rebar Mexico domestic production delivered Monthly SB01603 pesos/mt 12450.00–12550.00 12500.00 +21.07
Wire rod export prices
Wire rod mesh quality Black Sea exports FOB Monthly SB01243 $/mt 570.00–575.00 572.50 +0.88
Wire rod mesh quality China exports FOB Shanghai Weekly SB01261 $/mt 560.00–560.00 560.00 0.00
Wire rod mesh quality Latin America exports FOB Latin America port Monthly SB01248 $/mt 550.00–570.00 560.00 -0.88
Wire rod mesh quality Turkey exports FOB Turkish port Monthly SB01251 $/mt 590.00–600.00 595.00 -1.65
Wire rod import prices
Wire rod mesh quality Europe imports CIF Southern Europe port Monthly SB01247 €/mt 540.00–550.00 545.00 -0.91
Wire rod domestic prices
Wire rod mesh quality North America domestic production Ex-mill US Midwest Weekly SB01249 $/st 635.00–655.00 645.00 0.00
Wire rod Q195 6.5mm China domestic production Shanghai inc. 17% VAT Weekly SB01262 Yuan/mt 4100.00–4100.00 4100.00 0.00
Wire rod mesh quality Europe domestic production delivered Monthly SB01246 €/mt 540.00–550.00 545.00 -0.91
TSI Boron-alloyed Wire Rod Price Change Index (Basis Oct 2010) North Europe domestic production delivered Monthly TSMBF03 €/mt – 118.00 +637.50
Merchant bar prices
Merchant bar North America domestic production Ex-mill US Midwest Monthly SB01168 $/st 626.00–656.00 641.00 +2.89
Merchant bar Europe domestic production delivered Monthly SB01166 €/mt 587.00–597.00 592.00 +0.34
Beam
H-beam CFR Southeast Asia Monthly SB01114 $/mt 660.00–680.00 670.00 +9.84
WF beams medium North America domestic production Ex-mill US Midwest Monthly SB01240 $/st 690.00–720.00 705.00 +6.82
Sections and other
Medium sections Europe imports CIF Southern Europe port Monthly SB01161 €/mt 600.00–610.00 605.00 +1.68
Medium sections Europe domestic production delivered Weekly SB01160 €/mt 615.00–625.00 620.00 0.00
Medium sections Turkey exports FOB Turkish port Monthly SB01162 $/mt 620.00–630.00 625.00 -0.79
Engineering steel HR round bars C45 50-150mm diameter Northern Europe domestic production delivered Monthly SB01102 €/mt 695.00–710.00 702.50 +1.44

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 4
Steel Price Report February 21, 2018

Stainless
Frequency Platts symbol Unit Range Midpoint % change
CR import prices
CR304 2B 2mm East Asia imports CFR Weekly SB01063 $/mt 2290.00–2320.00 2305.00 0.00
CR304 2B 14 gauge transaction price inc. surcharge North America imports ex dock duty paid Gulf port Monthly SB01057 ¢/lb 100.00–107.00 103.50 0.00
CR316 2B 14 gauge transaction price inc. surcharge North America imports ex dock duty paid Gulf port Monthly SB01066 ¢/lb 134.00–143.00 138.50 0.00
CR430 2B 14 gauge transaction price inc. surcharge North America imports ex dock duty paid Gulf port Monthly SB01073 ¢/lb 76.00–82.00 79.00 0.00
CR domestic prices
CR304 2B 2mm coil base Northern Europe domestic production delivered Monthly SB01059 €/mt 1070.00–1120.00 1095.00 0.00
CR304 2B 2mm coil transaction price Northern Europe domestic production delivered Monthly SB01061 €/mt 2375.00–2425.00 2400.00 +1.27
CR304 2B 2mm coil base Southern Europe domestic production delivered Monthly SB01060 €/mt 1030.00–1080.00 1055.00 0.00
CR304 2B 2mm coil transaction price Southern Europe domestic production delivered Monthly SB01062 €/mt 2335.00–2385.00 2360.00 +1.29
CR304 2B 14 gauge transaction price inc. surcharge North America domestic production Ex-mill US Monthly SB01056 ¢/lb 120.00–126.00 123.00 +6.03
CR304 2B 2mm China domestic production Foshan inc. 17% VAT Monthly SB01058 Yuan/mt 15400.00–15800.00 15600.00 +0.16

CR316 2B 2mm coil base Northern Europe domestic production delivered Monthly SB01067 €/mt 1380.00–1420.00 1400.00 0.00
CR316 2B 2mm coil transaction price Northern Europe domestic production delivered Monthly SB01069 €/mt 3330.00–3370.00 3350.00 +3.88
CR316 2B 2mm coil base Southern Europe domestic production delivered Monthly SB01068 €/mt 1350.00–1390.00 1370.00 0.00
CR316 2B 2mm coil transaction price Southern Europe domestic production delivered Monthly SB01070 €/mt 3300.00–3340.00 3320.00 +3.91
CR316 2B 14 gauge transaction price inc. surcharge North America domestic production Ex-mill US Monthly SB01065 ¢/lb 166.00–173.00 169.50 +9.00
CR430 BA 2mm coil base Northern Europe domestic production delivered Monthly SB01075 €/mt 910.00–1010.00 960.00 0.00
CR430 BA 2mm coil transaction price Northern Europe domestic production delivered Monthly SB01077 €/mt 1545.00–1645.00 1595.00 -2.45
CR430 BA 2mm coil base Southern Europe domestic production delivered Monthly SB01076 €/mt 890.00–990.00 940.00 0.00
CR430 BA 2mm coil transaction price Southern Europe domestic production delivered Monthly SB01078 €/mt 1525.00–1625.00 1575.00 -2.48
CR430 2B 14 gauge transaction price inc. surcharge North America domestic production Ex-mill US Monthly SB01072 ¢/lb 87.00–93.00 90.00 +2.27
CR430 2B 2mm China domestic production Foshan inc. 17% VAT Monthly SB01074 €/mt 9650.00–9700.00 9675.00 -1.02
Other domestic stainless prices
HR 304 3mm China domestic production Foshan inc. 17% VAT Monthly SB01136 Yuan/mt 14000.00–14300.00 14150.00 +3.28
430F drawn Bar 8-25mm diameter base Europe domestic production delivered Monthly SB01005 €/mt 130.00–140.00 135.00 0.00
304L bright bar 25-80mm diameter transaction price Europe domestic production delivered Monthly SB01003 €/mt 2550.00–2650.00 2600.00 +1.56
304L bright bar 25-80mm diameter base Europe domestic production delivered Monthly SB01002 €/mt 90.00–100.00 95.00 0.00
430F drawn Bar 8-25mm diameter transaction price Europe domestic production delivered Monthly SB01006 €/mt 2100.00–2200.00 2150.00 -1.83
Alloy surcharge domestic prices
Alloy surcharge 304 coil North America domestic production Ex-mill US Monthly SB01009 ¢/lb 60.66–63.32 61.99 +9.60
Alloy surcharge 316 coil North America domestic production Ex-mill US Monthly SB01012 ¢/lb 86.43–88.45 87.44 +14.98
Alloy surcharge 430 coil North America domestic production Ex-mill US Monthly SB01016 ¢/lb 24.72–24.72 24.72 -2.89
Alloy surcharge 304 coil Europe domestic production Monthly SB01008 €/mt 1295.00–1314.00 1304.50 +2.68
Alloy surcharge 316 coil Europe domestic production Monthly SB01011 €/mt 1923.00–1963.00 1943.00 +6.99
Alloy surcharge 430 coil Europe domestic production Monthly SB01015 €/mt 626.00–640.00 633.00 -6.43
Alloy surcharge 304L bright bar Europe domestic production Monthly SB01010 €/mt 1587.00–1756.00 1671.50 +2.08
Alloy surcharge 316L bright bar Europe domestic production Monthly SB01013 €/mt 2361.00–2426.00 2393.50 +7.60
Alloy surcharge 420 bright bar Europe domestic production Monthly SB01014 €/mt 616.00–690.00 653.00 -6.04
Alloy surcharge 430F bright bar Europe domestic production Monthly SB01017 €/mt 774.00–845.00 809.50 -5.27

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 5
Steel Price Report February 21, 2018

Pipe and tube

Frequency Platts symbol Unit Range Midpoint % change
WeldPipe S235 48mm diameter 2mm wall Turkey exports FOB Turkish port Monthly SB01255 $/mt 725.00–735.00 730.00 +0.69
WeldTube S235 50-170mm diameter Europe domestic production delivered Monthly SB01258 €/mt 645.00–655.00 650.00 +2.36
WeldPipe standard 4 inch black ERW North America domestic production Ex-mill US Midwest Monthly SB01256 $/st 1030.00–1090.00 1060.00 +1.68
WeldPipe standard 4 inch black ERW North America imports EDDP Gulf port Monthly SB01257 $/st 925.00–975.00 950.00 +2.70
WeldPipe OCTG carbon steel ERW J55 4 1/2-8 5/8 inch North America domestic production Ex-mill US Monthly SB01253 $/st 1050.00–1100.00 1075.00 +10.26
WeldPipe OCTG carbon steel ERW J55 4 1/2-8 5/8 inch North America imports EDDP Gulf port Monthly SB01254 $/st 995.00–1025.00 1010.00 +6.32
7 inch steel OCTG FOB Tianjin Monthly AAXNI00 $/mt 920.00–950.00 935.00 -1.58
7 inch steel OCTG FOB Tianjin Monthly AAXNK00 $/ft 9.60–9.91 9.75 -1.61

Semi-finished
Frequency Platts symbol Unit Range Midpoint % change
Billet China domestic production Tangshan inc. 17% VAT Daily SB01032 Yuan/mt 3610.00–3610.00 3610.00 0.00
Billet Turkey exports FOB Monthly SB01039 $/mt 530.00–535.00 532.50 -2.74
Billet CFR Southeast Asia Weekly SB01035 $/mt 541.00–543.00 542.00 +0.65
Billet Latin America exports FOB Latin America port Monthly SB01037 $/mt 485.00–495.00 490.00 -3.45
Billet Turkey imports CFR Turkish port Monthly SB01040 $/mt 515.00–525.00 520.00 -2.80
Billet FOB Black Sea Daily STBLB00 $/mt – 515.00 0.00
Slab Black Sea exports FOB Weekly SB01233 $/mt 525.00–535.00 530.00 +0.95
Slab CFR Southeast Asia Monthly SB01235 $/mt 510.00–520.00 515.00 +1.98
Slab Brazil exports FOB Brazilian ports Weekly SB01236 $/mt 532.00–540.00 536.00 +0.66

Platts TSI steel assessments currency and unit comparisons, February 21

Prior assessment
€/mt $/mt $/st $/CWT $/mt $ change % change
Hot-rolled coil
Platts TSI North European HRC, EXW Ruhr* STHRE00 570.00*** STHRM00 701.44 STHRD00 636.35 STHRH00 31.83 705.73 -4.29 -0.61
FOB Black Sea* STHBE00 479.44 STHRB00 590.00*** STHBD00 535.25 STHBH00 26.77 590.00 0.00 0.00
CIF Antwerp* STHRA00 570.00*** STHAM00 701.44 STHAD00 636.35 STHAH00 31.83 703.27 -1.83 -0.26
Platts TSI HRC EXW Indiana** STHIE00 670.88 STHIM00 824.79 TS01018 748.25*** STHIH00 37.41 825.62 -0.83 -0.10
CIF, US Gulf states, basis Houston** STHGE00 569.35 STHGM00 699.96 STHRG00 635.00*** STHGH00 31.75 699.96 0.00 0.00
Cold-rolled coil
Platts TSI North European CRC, EXW Ruhr* STRRE00 642.50*** STRRM00 790.66 STRRD00 717.29 STRRH00 35.87 792.72 -2.06 -0.26
FOB Black Sea* STRBE00 513.98 STRRB00 632.50*** STRBD00 573.80 STRBH00 28.70 632.50 0.00 0.00
CIF Antwerp* STRRA00 645.00*** STRAM00 793.74 STRAD00 720.08 STRAH00 36.01 795.80 -2.06 -0.26
Platts TSI CRC EXW Indiana** STRIE00 789.01 STRIM00 970.02 STRRI00 880.00*** STRIH00 44.00 960.92 +9.10 +0.95
CIF, US Gulf states, basis Houston** STRGE00 654.52 STRGM00 804.67 STRRG00 730.00*** STRGH00 36.50 804.67 0.00 0.00
Plate
Platts TSI Plate Delivered US Midwest** STPIE00 752.25 STPIM00 924.82 STPRI00 839.00*** STPIH00 41.95 924.82 0.00 0.00
CIF, US Gulf states, basis Houston** STPGE00 587.27 STPGM00 722.00 STPRG00 655.00*** STPGH00 32.75 722.00 0.00 0.00
Reinforcing bar
Platts TSI EXW Northwest Europe* STCBE00 561.00*** STCNM00 698.28 STCND00 633.48 STCNH00 31.68 687.16 +11.12 +1.62
East Mediterranean, basis Turkey* STCEE00 467.25 STCBM00 575.00*** STCED00 521.64 STCEH00 26.09 570.00 +5.00 +0.88
EXW US Southeast** STCCE00 558.14 STCCM00 686.18 STCBC00 622.50*** STCCH00 31.13 686.18 0.00 0.00
CIF, US Gulf states, basis Houston** STCGE00 524.51 STCGM00 644.84 STCBG00 585.00*** STCGH00 29.25 644.84 0.00 0.00
*LN 16:30 €/$ ex rate = 1.3776; **NY 16:30 $/Eur ex rate = 0.7282. ***the primary assessments and have not been converted

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 6
Steel Price Report February 21, 2018

Steel mill economics: global spreads, February 21, 2018 Assessment Rationale
Frequency Platts symbol Unit Spread Change % change
...from page 1
HRC ASEAN spread (TSI) Daily AOPFE00 $/mt 348.66 0.00 0.00
HRC China export spread (Platts) Daily AOPKE00 $/mt NA NANA NANA in Europe. A buyer in Eastern Europe reported offers at $590/mt
Rebar China export spread (Platts) Daily AOPLE00 $/mt NA NANA NANA FOB with the possibility to negotiate a discount of $5-$8/mt, to
China HRC domestic steel mill margin (MVS) Daily AMVSA00 $/mt NA NANA NANA $582-$585/mt FOB. This remained too high for buyers. No data
China rebar domestic steel mill margin (MVS) Daily AMVSB00 $/mt NA NANA NANA was excluded from the assessment.
Rebar scrap Turkey spread (Platts: TSI) Daily AOPGE00 $/mt 216.50 +2.00 +0.93 The above rationale applies to Platts’ daily Turkish rebar
Rebar Black Sea billet spread (Platts) Daily AOPHE00 $/mt 60.00 +5.00 +9.09 assessment, with the associated market data code: STCBM00
HRC scrap US spread (TSI) Weekly AOPIE00 $/st 444.41 +16.55 +3.87
Rebar scrap US spread (Platts: TSI) Weekly AOPJE00 $/st 309.26 +6.00 +1.98
For spreads calculation and assessment methodology, please go to: http://platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/steel.pdf

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Steel Price Report February 21, 2018

Platts Turkey ARC tracker PLATTS TURKEY ARC STEEL TRACKER BASED ON 30-DAY AVERAGES
Indexes against 30-day and 60-day moving averages (%) Billet 30 Rebar 30 Scrap 30 Market Direction
10
21-Feb 20-Feb
vs 30-day vs 60-day vs 30-day vs 60-day
Scrap FETKF10 -0.74% FETKG10 -1.38% FETKF10 -0.84% FETKG10 -1.34%
FETKF00 -$2.67 FETKG00 -$4.96 FETKF00 -$2.97 FETKG00 -$4.75 5

Billet FETKH10 0.75% FETKI10 0.56% FETKH10 1.70% FETKI10 1.36%

FETKH00 +$3.99 FETKI00 +$2.99 FETKH00 +$9.04 FETKI00 +$7.25
0
Rebar FETKJ10 0.04% FETKK60 0.85% FETKJ10 -0.64% FETKK60 0.07%
FETKJ00 +$0.22 FETKK00 +$4.90 FETKJ00 -$3.66 FETKK00 +$0.42

Market direction FETKE20 1.72% FETKE00 +$8.00 FETKE20 -0.14% FETKE00 -$1.00
-5
Composite Index 17-Oct 01-Nov 16-Nov 01-Dec 18-Dec 05-Jan 22-Jan 06-Feb 21-Feb
(July, 6, 2012 =100) FETKL00 93.76 FETKL00 93.25 Platts Turkey ARC is a relative strength indicator for Platts Turkey Rebar FOB, Platts Black Sea Billet CFR Turkey basis
and Benchmark TSI Scrap CFR prices*. The daily index for each commodity shows the degree the price is over or below
the average of price relationships with the others for the past 30 or 60 days, with 0 as equilibrium. Indices provide trading
price signals for the commodity or for the wider complex, and potential changes in demand and supply for the steel
industry. Historic 30-day and 60-day basis data through 2012 is available.
Source: S&P Global Platts *effective March 1, 2016

Steel Price Report is published daily by Platts, a division of S&P not limited to, any warranties of merchantability or fitness for a
Global. Registered office Two Penn Plaza, 25th Floor, New York, particular purpose or use as to the Data, or the results obtained
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Steel Price Report February 21, 2018

Exchange steel futures Steel industry data

Platts symbol Close % change Platts symbol ('000 mt) Change
Rebar futures, China (Yuan/mt) Monthly crude steel production (December)
Shanghai Futures Exchange rebar 1 month XHRC001 3970.00 +0.76 World (66 reporting countries) IISIA03 138059.24
+1516.13
Shanghai Futures Exchange rebar 2 month XHRC002 3945.00 +0.36 Asia IISIC03 94346.23 +1471.22
Shanghai Futures Exchange rebar 3 month XHRC003 3992.00 +0.53 Europe EU IISIE03 13123.62 -1180.97
Shanghai Futures Exchange rebar 4 month XHRC004 3934.00 +0.33 Europe Other IISII03 3577.97 +84.51
Shanghai Futures Exchange rebar 5 month XHRC005 3891.00 +0.41 CIS IISID03 8695.00 +270.00
Shanghai Futures Exchange rebar 6 month XHRC006 3870.00 +0.26 North America IISIG03 9730.00 +226.49
Shanghai Futures Exchange rebar 7 month XHRC007 3849.00 0.00 South America IISIJ03 3617.24 -247.96
Shanghai Futures Exchange rebar 8 month XHRC008 3838.00 +0.08 Africa/Middle East IISIK03 3201.70 +111.26
Shanghai Futures Exchange rebar 9 month XHRC009 3795.00 +0.34 Oceania IISIH03 532.39 -5.34
Shanghai Futures Exchange rebar 10 month XHRC010 3756.00 +0.43 Source: World Steel Association
Shanghai Futures Exchange rebar 11 month XHRC011 3732.00 +0.19
American Iron and Steel Institute data
Shanghai Futures Exchange rebar 12 month XHRC012 3714.00 +0.24
AISI raw steel US production weekly (tons) AISII04 1751000.00
+14000.00
Hot-rolled coil futures, US ($/st) AISI raw steel US capability utilization weekly (%) AISIH04 75.10 +0.60
CME Globex US Midwest domestic HRC 1 month XNHR001 748.00 -0.40
CME Globex US Midwest domestic HRC 2 month XNHR002 797.00
+2.71
CME Globex US Midwest domestic HRC 3 month XNHR003 795.00
+4.06 AISI US RAW STEEL PRODUCTION AISI % US CAPABILITY UTILIZATION
CME Globex US Midwest domestic HRC 4 month XNHR004 766.00
+2.13 (million st) (%)
CME Globex US Midwest domestic HRC 5 month XNHR005 764.00
+2.55 1.8 76
CME Globex US Midwest domestic HRC 6 month XNHR006 740.00
+2.07
1.7 75
CME Globex US Midwest domestic HRC 7 month XNHR007 740.00
+2.49
CME Globex US Midwest domestic HRC 8 month XNHR008 740.00
+2.92 1.6 74
CME Globex US Midwest domestic HRC 9 month XNHR009 730.00
+2.10
CME Globex US Midwest domestic HRC 10 month XNHR010 730.00
+2.53 1.5 73
CME Globex US Midwest domestic HRC 11 month XNHR011 730.00
+2.96
CME Globex US Midwest domestic HRC 12 month XNHR012 671.00 0.00 1.4 72
13-Jan 20-Jan 27-Jan 03-Feb 10-Feb 17-Feb 13-Jan 20-Jan 27-Jan 03-Feb 10-Feb 17-Feb

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Steel Price Report February 21, 2018

Trade Case Status Report

Complainant Duties Product(s) Origins(s) Status/comments
North America
US AD HRC Australia, Brazil, Japan, Netherlands, Russia, Final duties of 4.61-9.49% for South Korea, Netherlands 3.73%, Turkey 4.15-6.77%, Japan 4.99-7.51%,
South Korea, Turkey, UK Australia 29.58%, Brazil 33.14-34.28% and UK 33.06%. Russian duties of 73.59-184.56% extended
US CVD HRC Brazil, Korea, Turkey Final duties applied at 3.89-58.68% for South Korea and 11% for Brazil. Negative determination made regarding Turkey
US AD CRC Brazil, China, India, Japan, Russia, South Korea, UK The trade commission found no injury from Russian imports. Final duties remain for China 265.79%, Japan 71.35%,
Brazil 9.58-35.43%, S. Korea 6.32-34.33%, UK 5.4-25.56% and India 7.6%. Japanese light-gauge CRC duties
preliminarily revoked.
US CVD CRC Brazil, China, India, Korea, Russia Final duties increased to 59.72% for S. Korea. Duties remain at 256.44% for China, Brazil 11.09-11.31%, India 10%
and Russia 0.62-6.95%
US CVD CRC and galvanized sheet Vietnam/China Preliminary AD and CVD cash deposit rates for galv produced in Vietnam using Chinese-origin substrate set
at 199.43% and 39.05%, respectively, in line with those levied against China. AD and CVD cash deposits
on CRC imports at 265.79% and 256.44%, respectively, in line with Chinese rates.
US AD, CVD Galvanized sheet China Commerce found a 199.43% dumping margin and a 39.05-256.44% range of subsidy rates
US AD Rebar Japan, Mexico, Taiwan, Turkey Final margins of 5.39-9.06% for Turkey, 206.43-209.46% for Japan, 0-0.56% for Mexico and 3.50-32.01% for Taiwan
US CVD Rebar Turkey Final subsidy for Habas adjusted to 15.99%. No enforceable CVD margins were found for other companies.
US AD, CVD Cut-to-length plate Indonesia, India, South Korea ITC has decided that AD and CVD duties will remain in place
US AD Cut-to-length plate Austria, Belgium, Brazil, China, France, Germany, Italy, Japan, Final duties affirmed for Austria 53.72%, Belgium 5.4-51.78%, Brazil 74.52%, China 68.27%, France 6.15%-148.02%,
South Korea, South Africa, Taiwan, Turkey Germany 5.52-22.9%, Italy 6.08-22.19%, Japan 14.79-48.67%, South Africa 87.72-94.14%, S. Korea 7.1%,
Taiwan 3.62-75.42%, Turkey 42.02-50%
US CVD Cut-to-length plate Brazil, China, South Korea Final subsidy rates for China 251% and S. Korea 4.31%. ITC terminated the Brazilian subsidy investigation.
US AD Corrosion-resistant sheet China, India, Italy, South Korea, Taiwan Final AD duties of 199.43% for China; India 3.05-4.44%, Italy 12.63-92.12%, Korea 8.75-47.8% and Taiwan 3.77%
US CVD Corrosion-resistant sheet China, India, Italy, South Korea, Taiwan Final CVD margins of 39.05-256.44% for China; 8-29.46% for India; de minimis to 38.51% for Italy;
de minimis to 1.19% for Korea (subject to review) and zero for Taiwan
US CVD Structural tube Turkey Commerce lowered margins to 9.87-15.08%
US AD Structural tube Mexico, South Korea, Turkey Final duties of 2.34-3.82% for Korea, 3.83-5.21% for Mexico and 14.48-17.73% for Turkey
US AD Mechanical tube China, Germany, Italy, India, South Korea, Switzerland Preliminary duties for China at 24.3%-186.89%, Germany at 75.39%-209.06%, India at 0.00%-7.57%,
Italy at 31.42%-36.80%, Switzerland at 23.33%-36.48% and South Korea at 5.10%-48.00%.
US CVD Mechanical tube China, India Final subsidy rate of 18.27-21.41% for China and 8.02-42.6% for India
US AD, CVD Welded stainless pressure pipe India Final determination of 0-12.66% dumping margin, with a 8.35-10.17% cash deposit. Final subsidy rates of 3.13-4.65%
US AD, CVD Circular welded Oman, Pakistan, United Arab Emirates Final dumping margins formalized for Oman 7.24%, UAE 5.58-6.43% and Pakistan 11.8%.
carbon-quality steel pipe Pakistan CVD determination postponed
US CVD Seamless pipe China Duties extended for further five years. US Dept. of Commerce said early February that net subsidies
of 13.66-56.67% would continue or recur if duties were terminated
US AD Small-diameter seamless pipe Germany ITC affirmed duties will be extended for another five years. In December Commerce determined revocation
of the duty would lead to a weighted-average dumping margins of up to 57.72%.
US AD Circular welded pipe China Wheatland Tube has filed an allegation of duty evasion against Chinese producers. dumping margins
of 69.20%-85.55% and subsidy rates of 29.62%-616.83% remain in effect.
US AD Welded line pipe South Korea Preliminary duties of 2.30-19.42%
US AD Seamless standard, Japan, Romania Duties to be extended for another five years. Japan is under duties of 68.88-107.8% for large and small diameter pipe.
line and pressure pipe Romania faces 11.08-15.15% for small diameter pipe.
US AD Stainless steel plate in coil Belgium, South Africa, Taiwan ITC determined that AD and CV duties will remain in place
US AD, CVD Stainless sheet and strip China Preliminary AD margins of 63.86% and 76.64%. CVD duties of 57.30-193.12%
US AD, CVD Stainless sheet and strip Japan, South Korea, Taiwan US International Trade Commission has determined that duties of 57.89% for Japan, 58.79% for Korea and 21.1%
for Taiwan will be extended for another five years. South Korea received a 1-4.64% subsidy rate.
US CVD Stainless seamless pipe India Preliminary CVD duties of 2.96-6.21% applied to welded stainless pressure pipe suppliers

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 10
Steel Price Report February 21, 2018

Trade Case Status Report (continued)

Complainant Duties Product(s) Origins(s) Status/comments

US AD Large-diameter welded line pipe Canada, China, Greece, India, South Korea, Turkey Investigation launched February 2018
US CVD Large-diameter welded line pipe China, India, South Korea, Turkey Investigation launched February 2018
US AD Stainless steel wire Japan, South Korea, Taiwan Existing AD duties of 34% will remain after sunset review
US AD Wire rod Mexico In an administrative review of the October 1, 2013-September 30, 2014 period, Commerce cut dumping margins
for Deacero to 1.54% and ArcelorMittal to 2.59%. Investigation initiated to determine whether certain wire rod
from Deacero circumvents existing duties.
US AD Wire rod Belarus, Italy, Russia, South Africa, South Korea, Final dumping margins at 280.02% for Belarus, 436.80%-756.93% for Russia, 135.46-142.26% for S. Africa, 84.10%
Spain, Turkey, UAE, UK, Ukraine for the UAE and 34.98-44.03% for Ukraine. Preliminary margins at 12.58-18.89% for Italy, 40.9% for S. Korea ,
10.16-32.64% for Spain, 2.8-8.01% for Turkey, 41.96-147.63 for UK . Commerce has ordered cash deposits
from importers at 280.02% for rebar from Belarus, 36.80-756.93% for Russia and 84.10% for the UAE.
US CVD Wire rod Italy, Turkey Commerce finalizes rates at 1.7%-44.18% for Italy and 2.27% for Turkey, except for Icdas which received de minimis.
US AD Stainless steel wire rod India Dumping margins of 48.8% to remain for another five years, after May 2017 sunset review
US AD OCTG South Korea For the September 1 2015-August 31 2016 period of review, Commerce increased dumping margins
to 6.66-46.37% from 2.76-29.76%
US AD OCTG Vietnam Final redetermination at a weighted-average dumping margin of 72.25%-111.47%.
US AD, CVD Stainless sheet and strip China Final AD margins of 63.86-76.64% with cash deposit of 45.26-58.04%. CVD of 75.60-190.70%
US AD Light rectangular tubing Taiwan Duties of 40.97% to be upheld for another five years
Canada AD, CVD Hot rolled plate India, Russia Countries found not to have dumped in January announcement
Canada AD, CVD Line pipes China, Japan Final dumping margin for China of 95% (subsidy rate of 30.3%) and Japan 22.1-95%
Canada AD Line pipes South Korea Final dumping margins of 4.1-88.1%
Canada AD Welded pipe Taiwan Duties on Chung Hung and Shin Yang removed. Duties against other Taiwanese exporters reduced to 29.6% from 54.2%
Canada AD HRC Brazil, China, Ukraine 77% dumping margins extended for five years from August 2016
Canada CVD HRC India 3,500 rupees/mt ($52/mt) duty extended for five years from August 2016
Canada AD Rebar Belarus, Hong Kong, Japan, Taiwan, Portugal, Spain Final determinations affirmed at 37.5% for Belarus, Taiwan 0-108.5% , Hong Kong 54-108.5%,
Portugal 2.4-108.5%, Spain 37-108.5%, Japan 108.5%
Canada AD, CVD Fabricated structural steel China, South Korea, Spain The Canada Border Services Agency (CBSA) found weighted average dumping margins of 9-45.8% for China,
1.9-45.8% for South Korea and 0-45.8% for Spain. CBSA set CVD of Yuan 152-11,656/mt for China
Mexico AD Wire rod China Definitive duty of 49 cents/kg
Mexico AD CR sheet China Duties (65.99-103.41%) imposed
Mexico CVD CR sheet China Duties of up to 103.42% on boron-added imports
Mexico AD Coated sheets China, Taiwan Definite antidumping duties of 22.22-76.33% for China and 22.26-52.57% for Taiwan
Mexico AD Ferromanganese South Korea Provisional duty of 35.64%
Mexico CVD HRC Russia, Ukraine Duties (21% for Russia and 25% for Ukraine) extended for further five years
Mexico AD Plate Italy, Japan Investigation launched
Mexico AD Plate Russia Duty of 29.3% renewed for another five years
Mexico AD Seamless pipe Japan Existing duty of 99.9% renewed
Mexico AD Welded tube China Investigation launched in December 2016
Mexico AD Seamless tubes India, South Korea, Spain, Ukraine Investigation launched in December 2016
Mexico CVD Seamless tubes India, South Korea, Spain, Ukraine Provisional duties of $131.10 for South Korea, $378.54/mt for Spain, $206.70/mt fro India and $170.11/mt for Ukraine
Mexico Import tariff Slabs, plates, HRC, CRC, wire rod All suppliers Temporary import tariff of 15% extended for another six months

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 11
Steel Price Report February 21, 2018

Trade Case Status Report (continued)

Complainant Duties Product(s) Origins(s) Status/comments

South America
Argentina AD Welded and seamless pipes China Investigation launched in December 2016
Colombia AD Wire rod China Provisional duties extended for two months in February
Colombia AD Casing and tubing pipes China Duties extended for three years , as of June 20. 15% AD corresponding to the difference between the base price
of $2,388.23/mt FOB and the FOB price value declared by the importer
Colombia AD Steel cable China Provisional antidumping duty of 15%
Chile AD Wire rod All countries (China major importer) except Canada, Mexico, CNDP extended provisional antidumping duties of 18.1% to 40.6%
Peru and developing countries that account
for no more than 3% of Chile’s rod imports
Chile AD Rebar Mexico Definitive duty of 9.8%
Chile AD Steel bars for grinding China Definitive duty of 8.2%-22.9%
balls production
Peru AD Tubes China Duties imposed for three years from April 2015
Peru AD Rebar Brazil, Mexico Investigation launched
Brazil AD Heavy plate China Duties of $211.56/mt extended to chrome-added and titanium-added heavy plate.
Brazil AD HR bars China Investigation launched in January 2017
Brazil AD Rebar Turkey Case started in January 2016, no timeframe disclosed
Brazil AD Seamless pipes China Camex studying an extension of the $743/mt duty
Brazil AD Steel wire, alloyed steel flat bar China The Ministry of Industry has set duties of $199.19/mt-$505.56/mt for imports of high-carbon steel wire and a duty
of $495.73/mt on Chinese imports of alloyed steel flat bar
Brazil AD Austenitic stainless steel tubes Malaysia, Thailand, Vietnam Investigation launched in May 2017
Brazil AD Seamless pipes China, Romania Duties extended for five years, until August 2022. China subject to $743/mt duty
and Romania subject to an ad valorem tariff of 14.3% over the CIF price

Europe & Turkey

EU AD HR plate and seamless tubes China Final duties for heavy plate set at 65.1-73.7%
EU AD HRC Brazil, Iran, Russia, Ukraine Definitive fixed duties per ton added on to the CFR price once the material arrives in Europe. €53.40-63.00/mt
for Brazil, €57.50/mt for Iran, €17.60-96.50/mt for Russia and €60.50/mt for Ukraine
EU AD,CVD HRC China AD & CVD total 18.1-35.9% for China
EU AD CRC China, Russia Definitive retroactive duties of 19.7-22.1% for China and 18.7-36.1% for Russia
EU AD Corrosion-resistant coated steel China Final duties of 17.2-27.9%
EU AD Rebar China, Belarus Definitive duties of 18.4%-22.5% for China, with no retroactive duties. Definitive duty of 10.6% for Belarus.
Deposits collected under the provisional duties are to be released for certain Belarusian rebar exempt
from the definitive duties.
EU AD Grain-oriented electrical steel China, Russia, South Korea, US Definitive duties were set at 21.5-36.6% for China, Japan 35.9-39.0%, Korea 22.5%, Russia 21.6% and US 22.0%
EU AD Stainless CR China, Taiwan The Commission ends absorption investigation without adjusting duties imposed in August
(China 24.3-25.2%, Taiwan 6.8%)
EU AD Butt-weld tube & pipe fittings China Duties in place since 1996 extended
EU AD, CVD Ductile cast iron pipe imports India Definitive AD duties of 0-14.1%. CVD of 9% for Electrosteel Castings Ltd, 8.7% on Jindal Saw Ltd and all other firms 9%
EU AD Seamless pipe China Final duties of 29.2%-54.9%
EU AD Seamless pipe Russia, Ukraine Expiry review initiated for duties of 12.3-25.7% for Ukraine and 24.1-35.8% for Russia
EU AD HDG China Provisional anti-dumping duties of 17.2-28.5%
EU AD Stainless steel seamless pipe China Expiry review initiated for 48.3-71.9% AD duties

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 12
Steel Price Report February 21, 2018

Trade Case Status Report (continued)

Complainant Duties Product(s) Origins(s) Status/comments

EU AD Iron castings China, India Preliminary anti-dumping duties of 25.3% to 42.8% for China
EU AD,CVD Graphite electrodes India Following an expiry review, EU has reapplied definitive AD duties of 0-9.4% and CVD of 6.3-15.7%
Turkey AD Heavy plate China Final duties of 16.89%-22.55%
Turkey AD, CVD HRC China, Russia, Ukraine Petition filed in October 2016
Turkey Import duty HRC All suppliers Duty reduced to 3.5% from 5% for re-rollers, effective Jan 1. General HRC import duties kept unchanged at 9%.
Turkey AD Seamless pipe China Final dumping margin of $100-120/mt
Turkey AD PPGI China Final dumping margin determined at 23.4%
Turkey AD Cast iron pipe imports India, UAE Investigation launched in August 2016
Turkey Import duty Rebar Third country imports Duty reduced to 0%, effective Jan 1. Duty continues at 0% for EU and countries
with which Turkey has free trade agreements.

CIS
Eurasian Economic Commission AD Graphite electrodes India Investigation launched
Ukraine AD Wire rod & rebar Russia Final duty of 51.21%, effective February 28 2018

Africa & Middle East

Morocco Safeguard duties Rebar, wire rod All imports Duties of dirham 0.55/kilogram extended by three years from December 2015.
Tonnage allowed in duty-free rises by 10% per year
Morocco Safeguard duties CRC, coated sheet All imports Duty rates are 22% for 2015, 20% for 2016, 18% for 2017 and 16% for 2018
Egypt Safeguard duties Rebar All imports for three years from May 2015 Tariff of 8%
Egypt AD CRC Belgium, China, Russia, Investigation launched in October 2016
Egypt AD Rebar China, Turkey, Ukraine Temporary duties of 17% for China, 10-19% for Turkey and 15-27% for Ukraine to be maintained for another five years
from December 6 2017
Iran Import duties HRC & CRC (all thickness), longs All suppliers Duties on most long products at 26%; duties on HRC & CRC at 10-20%; duties at 5% for semi-finished products
and semi-finished products
Iran Export duty Iron ore pellet All suppliers 15% duty applied to exports
Saudi Arabia Export duty Steel All exporters Saudi Arabia’s Ministerial Provisioning Committee has suspended duties on steel exports for two years
South Africa Safeguard duties HR coil & plate All suppliers Duties of 22% in 2017, 20% in 2018 and 18% in 2019

Asia
Taiwan AD Hot-dip galvanized coil/sheet China, South Korea Final duties in the range of 4.22%-77.3%, with producers from South Korea hit with the heaviest penalty of 77.3%.
Taiwan AD Heavy plate Brazil, China, India, Indonesia, South Korea, Ukraine Final duties of 30.29-59.73% for China, Brazil 31.1%, India 25.85%, Indonesia 46.84%, South Korea 8.66-80.5%
and Ukraine 26.57%
South Korea AD Stainless steel plate Japan The Korea Trade Commission has requested the Ministry of Trade extend 13.17% duty for three years
South Korea AD Galvanized steel wire China Temporary duties of 4.43-15.71%
Thailand AD HRC Brazil, Iran, Turkey Final duties of 34.4% for Brazil, Iran 7.25-38.27% and Turkey 6.88-38.23%, effective for five years from May 16 2017
Thailand AD HDG coil/sheet China, South Korea, Taiwan Investigation launched in September 2016
Thailand AD Pickled and oiled HRC South Korea Investigation announced on February 4. Sahaviriya Steel Industries alleges a dumping margin of 22.11%
Thailand AD Al-Zn alloy coated sheet Vietnam Final duties of 6.20-40.49% levied
Thailand AD Painted HDG, Vietnam Final duties of 4.3-60.26% levied
Painted Al-Zn alloy steel
Thailand AD Mild HRC, pickled coil & HR plate China, Malaysia Duties of 30.91% for China and 23.57-42.51% for Malaysia extended for another five years, effective June 23 2017
Thailand AD Welded pipe China, South Korea Final duties of 3.22-66.01% for China and 3.49-53.88% for South Korea, effective for five years from July 19 2017

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 13
Steel Price Report February 21, 2018

Trade Case Status Report (continued)

Complainant Duties Product(s) Origins(s) Status/comments

Thailand AD Alloy-added high-carbon wire rod China Final duties of 12.26-36.79%, effective from December 22 2016, for five years
Thailand AD Low-carbon wire rod China Duties of 12.81-31.15% no longer apply to products under the single HS code of 7227.9000.090
Thailand AD HRC 14 countries including South Korea, Japan, India, Taiwan, Russia AD duties of 3.45%-128.11% extended for five years from May 2015.
Thailand AD Stainless steel pipes China, South Korea, Taiwan, Vietnam Duties of 310.74% for Vietnam, South Korea 11.96%-51.53%, China 145.31% and Taiwan 2.38%-29.04%
Thailand Safeguard duties Alloy-added H-beam All suppliers Final duties will span two years, at an initial rate of 31.43% for the first year and 31.05% thereafter. 180 countries exempt
Malaysia AD HRC China Duties of 6.35-12.19% imposed in February 2015
Malaysia AD CRC China, South Korea, Vietnam Final duties of 3.78-23.78% for China, 3.78-21.64% South Korea and 3.06-13.68% Vietnam
Malaysia Safeguard duties HR plate All suppliers Safeguard duties extended for further three years in July 2016
Malaysia Safeguard duties Rebar, wire rod, 42 countries including China, Japan, US and EU countries Rebar 13.42% in year one, down to 12.27 & 11.10% in years two & three; Wire rod & bar-in-coil 13.90% in year one,
deformed bar-in-coil down to 12.90% & 11.90% in years two & three
Malaysia Import duties Rebar, wire rod Importers 5% import tariff reinstated in June
Malaysia AD Color coated coil China, Vietnam Duties of 00.6% to 52.10% (all Chinese exporters) imposed in January
Malaysia AD CR stainless coil & sheet China, South Korea, Taiwan, Thailand Final duties of 2.68-23.95% for China; 4.44-7.27% for South Korea (Hyundai BNG Steel and Hyundai Steel Company
are excluded); 2.79-14.02% for Taiwan (China Far Industrial Factory and Yieh United Steel Corporation (YUSCO)
are excluded ); 22.86-111.61% for Thailand.
Vietnam AD CR plate China, Taiwan, Indonesia, Malaysia Duties imposed in September 2014
Vietnam Safeguard duties Color coated sheet All importers Investigation launched in July 2016
Vietnam AD HDG and aluminium/ China, South Korea Final duties of 3.17-38.34% for China and 7.02-19% for S. Korea, for five years effective April 14
zinc-coated steel
Vietnam AD HDG, coated sheet China (including Hong Kong), South Korea Temporary duties of 4.02-38% for China and 12-19% for South Korea applied in September
Vietnam AD Wide-flange beams China Final duties of 20.48-29.17%, effective September 5 2017
Indonesia Import duties All upstream steel products Most favored Nations including India, South Korea, HRC, CRC, plate & wire rod duties raised to 15%; galv & coated sheet raised to 20%; rebar raised to 17.5%
Japan, CIS, Latin America
Indonesia AD Color-coated sheets China & Vietnam Investigation launched
Indonesia Safeguard duty Aluminium/zinc-coated All suppliers Duties extend for three years. Initial rate of INR 2,891,858/mt will fall to INR 2,186,030/mt in year two
sheet (Galvalume) and to INR 1,480,202/mt in year three.
China AD Grain-oriented electrical steel EU, Japan, South Korea Provisional AD duties of 39-45.7% for Japan, 14.5-29.5% for South Korea and 46.3% for EU mills
China Export duty Billet All suppliers Duty is reduced to 15% from 20%, effective January 1 2017.
Japan AD Carbon steel butt welding parts China, South Korea Preliminary dumping margins of 43.41- 73.51% for South Korea and 60.84% for China
India AD HR coil, sheets and plates China, Japan, South Korea, Russia, Brazil, Indonesia Final duties equivalent to the difference between the CFR Mumbai price and the reference price of $478-489/mt
on HRC and $561/mt on HR sheets and plates
India AD Stainless CR South Korea, Taiwan, Thailand, South Africa, US Duties extended for further five years until 2020. Investigation into claims exporters are circumventing duties
India CVD HR, CR stainless flat products China Unfair trade investigation opened into Jan-Dec 2015 period
India AD HRC, CRC All importers India has pushed the response deadline for it HRC & CRC AD investigations to June 20
India AD CRC China, Japan, South Korea, Ukraine Final duties equivalent to the difference between the CFR Mumbai price and the reference price
of $576/mt CFR Mumbai, effective for five years from August 17, 2016
India Safeguard duties Hot rolled sheet, plates All importers Duties applied at 10% on imports of hot rolled sheets and plates of thickness 150mm or less and width 600mm
and more, for 1 year
India AD Alloy and non-alloy color- China, EU Investigation launched
coated/pre-painted flats
India AD Seamless pipes and tubes China Duties of $961.33-$1,610.67/mt on popular grades of seamless tubular products imported from China.
India AD Hot rolled alloy and non-alloy China Finance ministry imposed at minimum price on import of $449-538/mt for six month,
steel bars and rods effective November 2 2016

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 14
Steel Price Report February 21, 2018

Trade Case Status Report (continued)

Complainant Duties Product(s) Origins(s) Status/comments

India AD Metallurgical coke Australia, China Anti-dumping duties applied at $25.20/metric ton for China and $16.29/mt for Australia
India AD Coated/pre-painted steel 6mm+ China, EU Margins of 50-60% for China and 70-80% for EU
India AD Straight length alloy China Investigation launched
steel bars and rods
Pakistan AD CRC China, Ukraine Preliminary duties of 8-19% imposed on January 13, final ruling by June 13
Pakistan AD Wire rod China Investigation launched in October, preliminary determination by mid-April
Pakistan AD Billet China Duty maintained at 15%
Pakistan AD Rebar China Preliminary dumping margin of 52.52%
Pakistan AD CRC China, Ukraine Provisional duties of 13.17-19.04% on imports from thirteen companies based in China and Ukraine

Australia
Australia AD, CVD Rebar China Preliminary dumping duties of 5-24% imposed ahead of final ruling in March, CVD probe to start
Australia AD Wire rod China Final AD duty on Hunan Valin Xiangtan Iron & Steel of 44.1%, Shagang rod 37.4%, and all other Chinese exporters 53.1%
Australia AD Rebar Singapore, South Korea, Spain, Taiwan Dumping duties of up to 14.3% imposed on the four countries in November
Australia AD Rebar Spain Review opened for the 3-8.2% dumping measures applied in 2015
Australia AD Rebar Greece, Indonesia, Spain (Nervacero SA), Preliminary duties of 42.1% for Greece, 0.0-12.2% for Indonesia, 7.5% for Spain’s Nervacero S.A, 4.4%
Taiwan (Power Steel) and Thailand for Taiwan’s Power Steel, and 9.6%-12.2% for Thailand
Australia AD Chrome-plated bar Italy, Romania Romania receives definitive AD duties of 22.4-66.9%
Australia AD Hollow structural sections India, Thailand, UAE Duties of 5.7-29.7% for Thailand. Probe into India and UAE cancelled
Australia AD Wire rod Indonesia, Taiwan Duties of 10.1% on Indonesian exporters and 2.7% on Taiwanese exporters imposed in June 2015
Australia AD Quenched & tempered plate Finland, Japan, Sweden Duties imposed in November 2014
Australia AD ERW pipes China, Malaysia, South Korea, Taiwan Dumping duties imposed in 2012 continued (China also subject to CVD duties)
Australia AD HDG China, Taiwan Australian AD Commission initiated two reviews of duties in September
Australia AD HDG sheet/coil India, Malaysia, Vietnam Duties of 7.6-12% for India; 14.5-16.5% for Malaysia; 8.4-14.2% for Vietnamese exporters, except Hoa Sen Group
and Nam Kim Steel JSC
Australia CVD HDG sheet/coil India CVD of 5% for JSW and 3.6% for Essar. Other exporters subject to a subsidy margin of 5.9%.
Australia AD Alloy steel bar China Investigation launched in January 2017
Australia AD Steel wire rope South Africa Investigation launched in May 2017
Source: Compiled by Platts, updated weekly Please note: All Platts and TSI CIF and CFR prices (US, Europe, Southern Europe, Persian Gulf and Turkey) represent freely traded values. This means they do not reflect any restrictions or duties as a result of trade
cases. For detailed specifics, The Platts Weekly Trade Case Status report can be found on pages 11-15 of this issue.

© 2018 S&P Global Platts, a division of S&P Global. All rights reserved. 15
Steel Price Report February 21, 2018
SUBSCRIBER NOTEs
Platts to launch weekly us flat-rolled
steel lead times
S&P Global Platts will launch weekly US flat-rolled lead time data
on March 7, 2018. The lead time data will reflect average industry
lead times for domestic hot-rolled coil, cold-rolled coil, hot-dip
galvanized sheet and plate products.
The data will be reflective of reported mill lead times from mar-
ket participants. It will be collected on an individual mill basis and
then aggregated into an industry average estimate.
The weekly data will be listed as a single value of average
weeks to one decimal place. The data will be published on
Wednesdays or closest business day in the event of holidays.
It will be published in the Platts Price Analyzer and Platts Steel
Price Report.
Please submit any feedback, comments or questions to
Nicholas Tolomeo at nicholas.tolomeo@spglobal.com and
Michael Fitzgerald at michael.fitzgerald@spglobal.com
© 2018 S&P Global Platts, a division of S&P Global. All rights reserved.
Platts Asia steel holiday publishing schedule
S&P Global Platts offices in Singapore will be closed Friday,
February 16, and in China from Thursday, February 15 to
Wednesday, February 21 for the Lunar New Year holidays.
Steel prices assessed from the two offices will not be published
during the respective holidays. Publication of the following
Singapore-assessed prices, usually on Fridays, will be brought
forward to Thursday, February 15:
SB01035 Billet CFR Southeast Asia
TS01037 Platts TSI HMS 1&2 (80:20) [containerized] CFR Taiwan
In addition, on February 15, the Market on Close assessment pro-
cess will close earlier at 12:30 pm Singapore time (0430 GMT).
In the week of February 12, publication of the following Shanghai-
assessed prices, usually on Fridays, will be brought forward to
Wednesday, February 14:
SB01259 Rebar China Domestic Shanghai
16
SB01129 Scrap China Domestic Jiangsu
SB01063 Stainless CR304 2B 2mm CFR East Asia
In the week of February 19, publication of the following Shanghai-
assessed prices, usually on Tuesdays and Wednesdays, will be
published on Thursday, February 22:
SB01082 CRC China Domestic Shanghai
SB01083 CRC FOB Shanghai
SB01262 Wire Rod China Domestic Shanghai
SB01261 Wire Rod FOB Shanghai
Normal publishing schedule for Singapore will resume on
February 19, and for China on February 22.
For full details of Platts publishing schedule and services affect-
ed, refer to http://www.platts.com/HolidayHome.
For any queries, please contact support@platts.com. Michael
Fitzgerald at michael.fitzgerald@spglobal.com