US DOC issues final antidumping duty review results for rebar from Mexico

The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping duty order on reinforcing bar imports from Mexico for the period between November 1, 2019, and October 31, 2020. Accordingly, the US DOC has determined that Mexican companies’ sales of the subject goods were made below normal value during the period of review. In... Read More

US DOC issues preliminary antidumping duty decision on wire rod from S. Korea

The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on carbon and alloy steel wire rod from South Korea. During the review period from May 1, 2020, to April 30, 2021, South Korean steel producer POSCO was found to have not made sales of the given products at less than normal value. Accordingly, the... Read More

EU’s duty suspension for Ukrainian products

The European Council has adopted a regulation allowing for trade liberalization and other trade concessions with regard to certain Ukrainian products for one year. The council stated that the regulation, which will come into force on June 4, 2022, will apply to the products either in transit from Ukraine to the EU or under customs control in the EU. All antidumping duties and safeguard... Read More

IREPAS in Istanbul: War in Ukraine has fundamentally changed sentiment and product flows

The 86th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Istanbul, Turkey, on May 29-31, 2022, in conjunction with the SteelOrbis Spring ’22 Conference. There were 191 producer representatives from 60 different companies among the record high 766 registered delegates from a total of 59 different countries. There were also 105 registrations... Read More

EU suspends all duties and quotas on Ukrainian imports for one year

The European Council has stated that it has adopted a regulation allowing for temporary trade liberalization and other trade concessions with regard to certain Ukrainian products. All import duties on Ukrainian goods are suspended for one year. In addition, all antidumping duties and safeguard measures on Ukrainian products are also lifted.  Read More

New duty regime in India

The Indian government has waived import duties on some key steel-making raw materials like coal and imposed the export duties on iron ore and steel products. The new duty regime has come into effect on the night of May 22, according to a government notification. The Indian government reduced import duty on ferro-nickel, coking coal from 2.5 percent to nil and that on coke and semi-coke... Read More

Export policy in Iran amended as prices go down

With the downtrend in the global steel market having continued to gain momentum, Iran-based steel suppliers have had no other option than to lower their prices in order to be competitive in the export market. With prices having reached their low levels in the latest tenders, the time has come for Iranian authorities to revise the export duties in accordance with the provisions of... Read More

Short Range Outlook : May 2022

Global longs market faces challenges and uncertainties amid ongoing war in Ukraine Some oversupply is observed here and there in the global long steel products market. The market situation is getting worse. In particular, there is a vacuum in Western markets due to the war in Ukraine. Price hikes were very rapid and very steep, which could be a reason. Energy prices have negatively... Read More

The program of the 86th meeting in Istanbul

Day 1: Sunday, May 29,2022 19:00 – 22:00                   Welcome cocktail at Four Seasons Hotel Bosphorus Istanbul   Day 2: Monday, May 30, 2022 09:00 – 09:15                   Welcome address by Chairman of IREPAS   09:15 – 10:00                    SESSION ONE: Critical changes in global long steel... Read More

Short Range Outlook : April 2022

War in Ukraine a major gamechanger for global longs market The war in Ukraine has changed sentiment in the global long steel products market as well as fundamentally altering the flow of raw materials and finished products almost overnight. There is more demand than secure supply in the market. Before the war, the expectations were that demand would determine the direction of prices,... Read More

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