Geopolitics Alpha

Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024

Published . Updated .

The U.S. Department of Commerce (Commerce) determines that certain producers/exporters of hot-rolled steel flat products (hot- rolled steel) from Japan sold subject merchandise in the United States at prices below normal value during the period of review (POR) October 1, 2023, through September 30, 2024.

Directly affected

  • No company is named in this report.

Indirectly affected

  • CMC COMMERCIAL METALS CO

    GA selected CMC as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • CRML CRITICAL METALS CORP PUBCO ORD SHS

    GA selected CRML as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • MP MP MATERIALS CORP

    GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • NEWP NEW PAC METALS CORP F

    GA selected NEWP as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • PLG PLATINUM GROUP METALS LTD

    GA selected PLG as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • RYAM RAYONIER ADVANCED MATERIALS

    GA selected RYAM as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CMC———————
CRML———————
MP———————
NEWP———————
PLG———————
RYAM———————

The U.S. Department of Commerce (Commerce) determines that certain producers/exporters of hot-rolled steel flat products (hot- rolled steel) from Japan sold subject merchandise in the United States at prices below normal value during the p…

Source: Federal Register

Price since this story was published: Commercial Metals (CMC)

Since the first closing price after “Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024,” Commercial Metals (CMC) is -1.13%. The S&P 500 fund (SPY) is -0.40% over the same days, a -0.74% difference versus the market.

CMC
SPY

Who gains and who loses around Commercial Metals (CMC)

Companies mentioned with this story

  • CMC Commercial Metals

    For “Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024,” Commercial Metals (CMC) is linked, with no stored direction, medium confidence. Reason on file: GA selected CMC as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • CRML Critical Metals

    For “Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024,” Critical Metals (CRML) is linked, with no stored direction, medium confidence. Reason on file: GA selected CRML as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • MP MP Materials Corp. / DE

    In “Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024,” MP Materials Corp. / DE (MP) is linked, with no stored direction, medium confidence. Reason on file: GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • NEWP New Pacific Metals

    New Pacific Metals (NEWP) is linked, with no stored direction, medium confidence in the 13 Oct 2026 story “Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024.” Reason on file: GA selected NEWP as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • PLG Platinum Group Metals

    Platinum Group Metals (PLG) is linked, with no stored direction, medium confidence in the 13 Oct 2026 story “Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024.” Reason on file: GA selected PLG as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • RYAM Rayonier Advanced Materials

    In “Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024,” Rayonier Advanced Materials (RYAM) is linked, with no stored direction, medium confidence. Reason on file: GA selected RYAM as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Commercial Metals (CMC)

On 13 Oct 2026, “Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024” is the story that connects Commercial Metals (CMC) to this story.

For Commercial Metals (CMC), the reason on file says GA selected CMC as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Critical Metals (CRML) is here too. Its reason reads: GA selected CRML as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates in the story, and the Commercial Metals (CMC) price range

CMC traded between 60.61 and 69.41 across 20 sessions. The latest close on file is 64.54. CRML traded between 5.91 and 9.23 across 20 sessions. The latest close on file is 6.50. MP traded between 38.61 and 51.35 across 20 sessions. The latest close on file is 38.97.

What the saved facts support for Commercial Metals (CMC)

54 out of 100

“Certain Hot-Rolled Steel Flat Products From Japan: Final Results of Antidumping Duty Administrative Review; 2023-2024” scores 54 out of 100. The score uses 2 sources, and 6 linked companies.