Short Range Outlook : November 2018

Global long steel industry in better position now despite tariffs and other issues The global long steel products market has been off balance recently, and the general situation has gotten marginally worse. One of the leading indicators of the worsening in the market is that the current Turkish spread between import scrap and rebar prices is now the lowest value observed since August 2017. The number shows a downward movement of $55/mt from the peak... Read More

US ITC votes to maintain antidumping duties on rebar imports from seven countries

The US International Trade Commission (ITC) today determined that revoking the existing antidumping duty orders on imports of steel concrete reinforcing bar from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. Current AD margins are as follows: Country                          AD margin Belarus                              ... Read More

Canada announced provisional safeguards on imports of seven steel products

On October 11, the Government of Canada announced that it will be imposing provisional safeguards starting on October 25, 2018 on imports of seven steel products and also ordered the Canadian International Trade Tribunal to investigate whether more long-term safeguard measures are necessary. The provisional safeguards will remain in place for 200 days from October 25, expiring on May 13, 2019. The products affected by the safeguards include concrete... Read More

Short Range Outlook : October 2018

Global long steel market still in equilibrium though regional differences observed The  global long steel products market still seems to be in equilibrium in terms of supply and demand. However, the steel trade is becoming more and more regional and so different supply and demand situations may be observed in various regions. Accordingly, although the overall market is generally stable, there are fluctuations seen in certain regions. Sharp increase... Read More

IREPAS in Istanbul: All eyes on protectionist measures as IREPAS celebrates its 35th anniversary with record attendance

The 79th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 16-18, 2018. There were 139 producer representatives among the record 519 registered delegates from a total of 52 different countries. There were also 84 registrations representing 45 different raw material suppliers. At the opening of the conference which celebrated the 35th year of this bi-annual meeting, Murat Cebecioglu,... Read More

Short Range Outlook : August 2018

Global long steel market currently in equilibrium, though world steel output is on the rise The global long steel products market seems to be in equilibrium at present, with slightly higher freight rates. World steel production is up by six percent, while this situation needs to be monitored. If this continues to be the case for another year or so, we might experience disturbance in the supply-and-demand balance in certain areas. International business... Read More

Short Range Outlook : July 2018

Global long steel products market impacted more and more by protectionism, though demand performs well The global long steel products market is feeling the effects of protectionism more and more every day. Canada has started another investigation on imports, the third within a period of only 12 months. The EU is expected to announce quotas based on the average import volumes of the preceding three years, as a result of its safeguard investigation.... Read More

US DOC issues first exclusions from Section 232 tariffs on steel imports

The US Department of Commerce (US DOC) has announced that its Bureau of Industry and Security (BIS) has begun granting its first product exclusions from the Section 232 tariffs on imports of steel. The US DOC stated that seven different US companies importing steel products from Japan, Sweden, Belgium, Germany and China have been excluded from the 25 percent additional duties on steel imports. The companies receiving the exclusions are as follows: Schick... Read More

Canada concludes reinvestigation of rebar imports from certain countries

The Canada Border Services Agency (CBSA) has announced that it has concluded a reinvestigation to update the normal values and export prices respecting rebar originating in or exported from China, South Korea, Turkey, Belarus, Taiwan, the Hong Kong Special Administrative Region of China, Japan, Portugal and Spain, and the amounts of subsidy of certain rebar originating in or exported from China. Accordingly, the CBSA stated that specific normal values... Read More

IREPAS in Warsaw: Confusion and uncertainty in the global market

The 78th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Warsaw, Poland on May 6-8, 2018. There were 117 producer representatives among the 320 registered delegates from 48 different countries. There were also 62 registrations representing 40 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS emphasized that there is obvious confusion and uncertainty in the... Read More

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