Vietnam extends safeguard duties on billet, rebar and wire rod
Vietnam’s industry and trade ministry has announced that the country’s safeguard duties on billet, rebar and wire rod imports have been extended until 2023. The duty rates will gradually decline within three years. After March 2023, the duties will be zero unless the ministry decides to extend them one more time. Until March 21, 2021, the duties will stand at 15.3 percent for... Read More
US revises dumping margins on imports of Turkish origin rebar
The US Department of Commerce has announced the final results of its administrative review of the antidumping duty against rebar imports from Turkey. Accordingly, the dumping margins for Turkish exporters ICDAS, Kaptan, Colakoglu and HABAS have been revised to zero. The review covered the period between March 7, 2017 and June 30, 2018. The cash deposit rate for all other producers... Read More
Turkey files complaint at WTO against EU safeguard measures
The World Trade Organization (WTO) has announced that Turkey has requested trade dispute consultations with the European Union regarding the EU’s safeguard measures on imported steel products. Accordingly, Turkey claims that the EU safeguard measures, in the form of tariff-rate quotas and additional duties, and the investigation that led to their imposition, are inconsistent with... Read More
China raises export tax rebates to 13%
China’s Ministry of Finance (MOF) announced on March 17 that steel’s export tax rebates for more than 1,000 items, will be increased to 13 percent as of March 20, while it is at 9-10 percent for many products at the moment. The increases in export tax rebates of those steel products will lower the export costs and increase exporters competitiveness, which will exert a positive... Read More
83rd IREPAS meeting will be held in Monaco
The 83rd IREPAS meeting will be held on September 20th to 22nd, 2020 in Monaco in conjunction with the SteelOrbis Fall’20 Conference. Details will be announced later. Read More
IREPAS in Belgrade: Longs market outlook unclear amid coronavirus threat
The 82nd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Belgrade, Serbia on March 1-3, 2020 in conjunction with the SteelOrbis Spring ’20 Conference. Unfortunately, the coronavirus outbreak had a negative impact on our 82nd meeting in Belgrade. After the news about the coronavirus cases observed in Italy by late February, many participants... Read More
Short Range Outlook : February 2020
Surplus supply and inadequate demand in global longs market There is still a surplus of supply and not enough demand in the global long steel products market. The profitability and margins of steel producers vary greatly between regions amid several factors such as the coronavirus outbreak and/or geopolitical issues like recent announcements relating to Israel/Palestine and Libya... Read More
The program of the 82nd meeting in Belgrade
Day 1: Sunday, March 1,2020 19:00 – 22:00 Welcome cocktail at Metropol Palace Hotel, Belgrade Day 2: Monday, March 2, 2020 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 10:15 SESSION ONE – Economic developments and... Read More
Malaysia issues final antidumping duty on rebar imports from Singapore and Turkey
Malaysia’s Ministry of International Trade and Industry has announced the final decision regarding the antidumping (AD) duty investigation against rebar imports from Turkey and Singapore. Accordingly, final antidumping duty rates for Singapore range between 4.97 percent for Nasteel Holdings and 17.65 percent for all others, while the duty rate for Turkish steelmaker Diler stands... Read More
US Senate passes USMCA trade deal
The US Senate passed the new United States-Mexico-Canada Agreement (USMCA) trade agreement Thursday in an 89-10 vote, with the legislation now bound for the US President Donald Trump to sign. Read More