IREPAS in Athens: Global longs market in much better shape compared to 2016, but China needs to be watched

The 77th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Athens, Greece on September 24-26, 2017. There were 134 producer representatives among the 433 registered delegates from 44 different countries. There were also 76 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS, said he believed the outlook for the next quarter is very... Read More

Short Range Outlook – September 2017

Further improvements in global long steel market amid lack of pressure from China Demand in the global long steel products market is good and has even been increasing slightly in almost all markets as there is no pressure from China on the international market. Strong domestic steel consumption in China reduces prospects for Chinese exports Some months ago, the consensus of steel sector analysts was that steel demand in China would decrease during... Read More

US DOC issues affirmative preliminary CVD rates for wire rod from Italy and Turkey

The US Department of Commerce (US DOC) announced the affirmative preliminary determinations in the countervailing duty (CVD) investigations of carbon and alloy steel wire rod, finding that exporters of subject merchandise from Italy and Turkey received countervailable subsidies. The petitioners are Gerdau Ameristeel US, Inc., Nucor, Keystone Consolidated Industries, and Charter Steel. In the Italy CVD investigation, the US DOC calculated the following... Read More

New Zealand starts antidumping duty probe for rebar imports from China and Malaysia

New Zealand’s Ministry of Business, Innovation and Employment has announced that it has initiated an antidumping (AD) investigation regarding reinforcing steel bar and coil imports from China and Malaysia and a countervailing duty (CVD) investigation for the same products imported from China. The investigations was launched upon the complaint from Pacific Steel, the sole producer of rebar in New Zealand, claiming that the mentioned goods imported... Read More

US DOC revised final margins for rebar imports from Turkey

The US Department of Commerce (DOC) has announced that it has revised the final dumping and subsidy margins and cash deposit rates imposed on reinforcing bar imports from Turkey based on affirmative final determinations by the DOC and the US International Trade Administration (ITC). The DOC stated that it is amending its affirmative final determination for Turkey to correct ministerial errors. Accordingly, the new final dumping margins range between... Read More

US ITC confirms US DOC margins on rebar imports from Turkey and Japan

The United States International Trade Commission (US ITC) determined that the US industry is materially injured by reason of imports of steel concrete reinforcing bar from Japan and Turkey that the US Department of Commerce (DOC) has determined are sold in the United States at less than fair value and subsidized by the government of Turkey. Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson, Meredith... 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

US DOC issues final AD/CVD margins for rebar from Turkey and Japan

The US Department of Commerce (US DOC) has announced its final determinations in the antidumping (AD) duty investigation of rebar imports from Japan and Turkey and also its final determination in the countervailing duty (CVD) investigation of imports of rebar from Turkey. Accordingly, the US DOC has calculated final dumping margins ranging from 5.39 percent and 209.46 percent for the two countries in question. Meanwhile, the final subsidy margin for... Read More

US ITC votes to continue investigation into wire rod imports from 10 countries

The US International Trade Commission (USITC) today determined that there is a reasonable indication that a US industry is materially injured or threatened with material injury by reason of imports of carbon and certain alloy steel wire rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom that are allegedly sold in the United States at less than fair value and subsidized by... 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

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