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 2015-2017 period and 3 million mt higher than for 2017 alone, which... Read More

Short Range Outlook : July 2019

Uncertainty still prevails in global longs market , while BOF production faces severe pressure The outlook for the global long steel products market differs for the scrap industry, the steel producing industry and for steel consumers. The market can be described as generally unstable as there is still a lot of uncertainty and even a tweet may turn a lot of things upside down. We are going through a tough period particularly for BOF-based producers,... Read More

EU to impose new quota on imports

According to media sources, the European Commission has sent a notification to the World Trade Organization, stating that the EU will impose import quotas on certain steel products, including rebar and wire rod, for a period of 150 days starting from February 2, 2019.. However, there has been no official announcement yet. Accordingly the import quotas will be in force between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased... Read More

EU imposes definitive antidumping duty on rebar imports from Belarus

The European Commission (EC) has announced that it has decided to impose definitive antidumping (AD) duty on imports of certain concrete reinforcing bar and rod imports from Belarus. Accordingly, the commission has calculated a definitive antidumping duty rate of 10.6 percent for Byelorussian Steel Works (BMZ) and all other producers in the country. In December last year, the commission imposed a provisional antidumping (AD) duty of 12.5 percent for... Read More

The programme of the 76th IREPAS meeting

March 26th, Sunday 19:00 – 22:00      Welcome cocktail at Intercontinental Budapest March 27th, Monday 09:00 – 09:15      Welcome address by Chairman of IREPAS 09:15 – 10:15        SESSION ONE – Global economic outlook - Global economic developments and expectations Gergely Tardos, OTP Bank / Chief Economist Where is the European economy heading? Current situation and expactations for Chinese economy Prospects... Read More

EU imposes definitive antidumping duty on HFP rebar imports from China

The European Commission (EC) has announced that it has imposed definitive antidumping duty on high fatigue performance (HFP) rebar imports from China. The final antidumping duties are as follows: 48.1 percent for Jiangsu Yonggang Group Co., Ltd, Jiangsu Lianfeng Industrial Co., Ltd, Zhangjiagang Hongchang High Wires Co., Ltd and Zhangjiagang Shatai Steel Co., Ltd, 62.1 percent for Jiangyin Xicheng Steel Co., Ltd, Jiangyin Ruihe Metal Products Co.,... Read More

EUROFER: China should meet EU’s five market economy criteria for market economy status

The European Steel Association (EUROFER) has announced that the European Commissioners held an Orientation Debate today, on how to proceed with China’s request to grant it market economy status (MES), following the EU-China summit last week at which policy makers attempted to equate reductions in steel overcapacity with the granting of the much-coveted MES designation. Regarding the Orientation Debate, EUROFER director general Axel Eggert stated... Read More

EU starts antidumping investigation for rebar imports from Belarus

The European Commission (EC) has announced that it has started an antidumping investigation for certain concrete reinforcement bar and rod imports from Belarus upon a complaint received from the European Steel Association (EUROFER) alleging that the mentioned imports are being dumped and are thereby causing material injury to the EU industry. The investigation will cover the period between January 1, 2015 and December 31, 2015. The investigation will... Read More

EUROFER not happy with the provisional antidumping duty on Chinese HFP rebar imports

The European Steel Association (EUROFER) has stated that it welcomes the European Commission’s imposition of provisional antidumping measures on imports of Chinese origin high fatigue performance (HFP) rebar, but also questions their effectiveness in actually deterring wider Chinese dumping. According to EUROFER, the provisional measures, as low as nine percent, cannot remedy the massive injury caused by Chinese HFP rebar import surges, which have... Read More

EU initiates anti dumping investigation for Chinese high fatigue performance rebar

The European Commission has announced that it has initiated an antidumping (AD) duty investigation regarding high fatigue performance (HRP) rebar imports from China. The investigation has been launched following the application filed by the European Steel Association (EUROFER), alleging that imports of the product under investigation from the country concerned have increased overall in absolute terms and in terms of market share. The products subject... Read More

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