Short Range Outlook : November 2019
Confusing environment prevails in global long steel products market The current environment in the global long steel products market is confusing. The raw material for blast furnaces is becoming cheaper, while ferrous scrap is getting more expensive and we observe increasing prices for both reinforcing bars and hot rolled coils. Customers are making inquiries for longer than they... Read More
US DOC initiates circumvention inquiry into Mexican rebar
The US Department of Commerce announced the initiation of a circumvention inquiry into imports of steel concrete reinforcing steel bar from Mexico, to determine if imports of reinforcing bars that are bent at one or both ends circumvent the existing antidumping duty (AD) and countervailing duty (CVD) orders. In 2018, imports of reinforcing bars from Mexico were valued at an estimated... Read More
Mexico to reduce steel import tariffs gradually up to 2024
Mexico’s Ministry of Economy has announced that it has adjusted the import tariffs originally imposed on certain steel products, according to Mexico’s official gazette. Accordingly, the import duties will be reduced gradually to 10 percent, seven percent, five percent and three percent by August 22, 2024. For some products, the duty will be completely removed by August 22, 2024.... Read More
Malaysia imposes preliminary antidumping duty on rebar imports from Turkey and Singapore
Malaysia’s Ministry of International Trade and Industry has announced that it will implement preliminary antidumping duties on rebar from Turkish firms, except Colakoglu Metalurji A.S., and on Singaporean firms. The ministry has assigned preliminary dumping rates in the range of 5.99-17.65 percent to Singaporean firms and preliminary dumping rates in the range of 3.35-20.09 percent... Read More
IREPAS in Duesseldorf : Changing trade flows and market challenges discussed against backdrop of protectionism, trade conflicts and depressed conditions
The 81st meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Duesseldorf, Germany on September 22-24, 2019 in conjunction with the SteelOrbis Fall’19 Conference. There were 138 producer representatives among the 426 registered delegates from a total of 46 different countries. There were also 78 registrations representing 38 different raw... Read More
82nd IREPAS meeting will be held in Belgrade, Serbia
The 82nd IREPAS meeting will be held on March 1st to 3rd, 2020 in Belgrade, Serbia in conjunction with the SteelOrbis Spring’20 Conference. Details will be announced later. Read More
Short Range Outlook : September 2019
Global long steel market currently depressed amid more difficult circumstances The global long steel products market is depressed at the moment as circumstances are becoming more difficult. It has become a buyer’s market and is difficult to secure orders at reasonable prices. The problem lies more on the demand side rather than with supply, and, therefore, it might take longer... Read More
Russian Federation sets quota for scrap exports till end of 2019
Russian authorities have officially set the quota for the steel scrap exports to the countries excluding the members of the Eurasian Economic Union in order to protect the local steel industry. The official document, signed on August 31, implies the total allowed export volume of 1.009,2 million mt of scrap for the period from September 1 to December 31 of the current year. The... Read More
EU reduces increase in steel import quotas
The European Commission (EC) has announced that it has reduced the planned increase in the steel import quota rate from five percent to three percent in all product categories, as result of the review of the safeguard measures imposed on February 2. The EC indicated that steel imports in 2018 reached a record volume of 33.4 million mt, 5 million mt higher than the average for the... Read More
The program of the 81st meeting in Duesseldorf
Day 1: Sunday, September 22, 2019 19:00 – 22:00 Welcome cocktail at Hilton Duesseldorf Day 2: Monday, September 23, 2019 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 10:15 SESSION ONE – Global Markets:... Read More