Short Range Outlook : November 2020

Global longs market becomes even more regionalized amid widespread protectionism The global long steel products market is becoming even more regionalized. All the safeguard measures, tariffs and antidumping and countervailing cases are reducing the global exchange of products more and more. The Covid-19 pandemic gives producers in certain markets the pretext to lobby their governments with even more arguments to get their domestic markets protected... Read More

EU reduces import quota volumes after UK’s inclusion in quota regime

The European Commission, which has now included the UK among the countries that are subject to import quotas for steel products, has also reduced the existing quota volumes for other countries which were already under the quota scheme. The reduced quotas will be in force as of January 1, 2021, and so in the two last quarters under the quota regime the countries will have less opportunity to export to the EU. The EC said that the changes in quota volumes... Read More

EU announces import steel quota volumes for UK

The European Commission (EC) has announced the imposition of definitive safeguard measures on imports of certain steel products from the UK, as they will not be in the same trading area with the UK after Brexit. Without this specific quota for the UK, the UK steel sector could have faced a £80 million bill from EU steel safeguard tariffs in the first half of 2021, UK Steel and Steel Trade Union Community stated. The UK will be subject to a 25 percent... Read More

EU initiates expiry review on imports of wire rod from China

The European Commission has announced that it has initiated an expiry review of the antidumping duty on imports of wire rod from China. The application for the review was filed by the European Steel Association (EUROFER), alleging that the expiry of the existing measures would be likely to result in continuation or recurrence of dumping and injury to the EU industry. The investigation of a continuation or recurrence of dumping will cover the period... Read More

83rd IREPAS meeting : Global long steel demand more or less same as before pandemic

The  83rd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held as a virtual event to ensure the health and well-being of all participants, on September 21, 2020 in conjunction with the SteelOrbis Fall’20 Conference. There were 205 producer representatives among the 627 registered delegates from a total of 53 different countries. There were also 73 registrations representing 35 different raw material suppliers. At... Read More

Short Range Outlook : July 2020

Global longs demand not as bad as reported, some mills more fortunate than others The situation in the global long steel products market has not changed much since last month. There has been a reduction in both supply and demand around the world, except in China where output keeps growing. Demand in the global long steel products market is indeed not as bad as the newspapers and media outlets report. However, the mills operating at more than 60 percent... Read More

The European Commission revised EU Steel Import Quotas system

The European Commission has published the result of its second investigation reviewing the safeguard measures put in place by the European Union on imports of steel products. Accordingly there will be country-specific quotas available quarterly and not annual allocations. Access to the residual quota for countries that have previously exhausted their country-specific quota will be only permitted to the extent necessary to respond to demand.  Read More

Short Range Outlook : June 2020

Global longs export markets shrink further amid protectionism, Russians dominate As expected, things are getting more difficult for exporters in the global steel market. The EU opened fire with an antidumping investigation on HRC imports from Turkey, with Turkey firing back with duties on steel products from the EU. Canada started a similar investigation against imports of heavy plates from several countries, while Egypt has been working on a 10 percent... Read More

Short Range Outlook : May 2020

Impact of Covid-19 starts to hit home across the global long steel market The supply and demand situation in the global long steel products market has deteriorated as global economies are doing much worse today thanks to protectionist measures and the Covid-19 pandemic. There is oversupply of almost everything, except those items that suddenly end up being in short supply due to impacts on the supply chain. This does not include ‘shortages’ that... Read More

Short Range Outlook : April 2020

Predictions for global longs market very difficult amid unprecedented virus impact It has become extremely difficult to predict the supply and demand situation in the global long steel products market. The  impact of the Covid-19 coronavirus pandemic on overall economic situations or conditions in countries and regions will be at different levels, which might change the dynamics of steel demand and production separately. Regionalization of markets... Read More

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