Last Wednesday, the Department of Commerce announced mixed affirmative preliminary countervailing duty determinations on HDG imports. The duties came down hard on Chinese products, but were soft on most others. Case in point, South Korea was only found to have 1% subsidies. The news was a disappointment for the industry and the equities of the US mills, especially US Steel, which sold off immediately upon the announcement. The steel industry is in dire need of a major catalyst to stymie the massive supply glut from imported steel.