Egypt announced temporary antidumping duties on rebar imports from Turkey, Ukraine, and China

Egypt’s Ministry of Industry and Trade has announced the results of its antidumping duty investigation regarding imports of reinforcing bar from Turkey, Ukraine and China. Accordingly, for a period of four months, the ministry has calculated antidumping duties ranging between 10 percent and 19 percent for Turkey, between 15 percent and 27 percent for Ukraine and standing at 17 percent for China. The ministry has also suspended the imposition of... Read More

Short Range Outlook : June 2017

Exporting countries under pressure amid protectionism and increased capacities in traditional import markets The supply-demand balance in the global long steel products market has been worsening over the last few weeks. Protective actions such as antidumping and countervailing duty (CVD) cases and import taxes, coupled with increasing capacities in some traditional import markets, have put export-dependent countries in a difficult situation. Protective... Read More

Australia initiated antidumping review on imports of rebar from China’s Shagang and Valin

Australia’s Antidumping Commission has announced that it has initiated a review regarding the antidumping (AD) order on imports of rebar from Chinese companies Jiangsu Shagang Group Co., Ltd. and Hunan Valin Xiangtan Iron & Steel Co., Ltd. to examine whether the variable factors relevant to the taking of the antidumping measures have changed. The review launched upon the application lodged by Jiangsu Shagang and Hunan Valin covers the period... Read More

Australia initiates antidumping review on wire rod imports from China

Australia’s Antidumping Commission has announced that it has initiated a review regarding the antidumping order on imports of wire rod in coil from the below Chinese companies to examine whether the variable factors relevant to the taking of the antidumping measures have changed. Jiangsu Shagang Group Co., Ltd. Hunan Valin Xiangtan Iron & Steel Co., Ltd. The review launched upon the application lodged by both above companies covers the... Read More

Chile sets definite antidumping duties on wire rod imports from China

The Chilean government has applied definite, ad-valorem anti-dumping duties over the imports of Chinese wire rod. The Chilean government accepted the recommendation of the country’s price distortion commission, CNDP, and has decided to apply definite duties ranging from 28.8 to 38.0 percent over the imports of Chinese origin wire rod. The duties were effective as of April 22, 2017, and will last for one year. According to the Chilean government,... Read More

Short Range Outlook : May 2017

Better supply-demand balance in global longs market but China, trade measures and strong price competition keep the pressure on The supply-demand balance  in the global long steel products market has been stable and more in equilibrium recently, compared to previous times, especially in China. Such a balance has been helping buyers to maintain their positive sentiment although, on the other hand, price volatility in raw materials and final products... Read More

Mexico to extend 15 percent duty on wire rod imports for six more months

Mexico’s economy secretariat, SE, will extend an existing 15 percent duty on certain steel imports for six more months, according to Mexican media citing the country’s economy secretary, Ildefonso Guajardo. The announcement was made this week by SE officials during a eeting with Canacero, Mexico’s steel association. The 15 percent duty is valid for certain steel imports for the countries Mexico does not have trade agreements with. The products... Read More

IREPAS in Budapest: Market players optimistic about outlook for steel

The 76th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Budapest, Hungary on March 26-28, 2017. There were 107 producer representatives among the 352 registered delegates from 40 different countries. There were also 58 registrations representing 35 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS said that the steel industry has once again succeeded in... Read More

Short Range Outlook : March 2017

Still improving supply-demand balance creates brighter picture in global longs market The supply-demand balance continues to improve in regions like the US, Europe and Asia, contributing to a brighter picture in the  global long steel products market. US market boosted by restocking and infrastructure spending expectations Demand has improved in the US as buyers have been restocking. In addition, President Trump’s promise to spend one trillion... Read More

Short Range Outlook : February 2017

Europe, US and Asia lead the way for demand in global long steel products market Expectations for demand and order books in the supply chain of the global long steel products market made a reasonable start to business in 2017, although a sharp correction in scrap prices caused people to hesitate a bit in the EU and the US. However, market sentiment has not changed much and demand is still showing good prospects for 2017 in Europe, the US and Asia. Turkish... Read More

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