US DOC issues final antidumping duty review results for rebar from Mexico

The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping duty order on reinforcing bar imports from Mexico for the period between November 1, 2019, and October 31, 2020. Accordingly, the US DOC has determined that Mexican companies’ sales of the subject goods were made below normal value during the period of review. In addition, the DOC found that Deacero did not know that the subject product... Read More

Mexico extends antidumping duty on Ukrainian wire rod imports for five more years

Mexico’s economy secretariat, SE, extended existing anti-dumping (AD) duties over the imports of Ukrainian wire rod for five more years. SE said imports of the product, which falls under HS codes 7213.91.03 and 7213.99.99, will continue to be subject to a 41 percent AD levy. The decision follows a request from domestic producers Ternium Mexico, Deacero and TA 2000, formerly known as Talleres y Aceros, in August 2020. The extended antidumping duties... 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

US ITC votes to maintain AD/CVD orders on wire rod from five countries

As a result of the US ITC’s affirmative determinations, the existing orders on imports of this product from Brazil, Indonesia, Mexico, Moldova, and Trinidad and Tobago will remain in place.  Read More

US Senate passes USMCA trade deal

The US Senate passed the new United States-Mexico-Canada Agreement (USMCA) trade agreement Thursday in an 89-10 vote, with the legislation now bound for the US President Donald Trump to sign.  Read More

US DOC raises preliminary antidumping duty rates for Mexican rebar

The US Department of Commerce (DOC) announced new preliminary antidumping duties against reinforcing bar imports from Mexico after an administrative review. During the review period of Nov. 1, 2017 to Oct. 31, 2018, Mexican reinforcing bar producers Deacero and Grupo Simec were found to have made sales of reinforcing bar at less than normal value. As such, the DOC has issued higher preliminary dumping margins for both companies, along with all other... Read More

US DOC initiates circumvention inquiry into Mexican rebar

The US Department of Commerce announced the initiation of a circumvention inquiry into imports of steel concrete reinforcing steel bar from Mexico, to determine if imports of reinforcing bars that are bent at one or both ends circumvent the existing antidumping duty (AD) and countervailing duty (CVD) orders. In 2018, imports of reinforcing bars from Mexico were valued at an estimated $51 million. The inquiry was initiated in response to requests from... Read More

Mexico to reduce steel import tariffs gradually up to 2024

Mexico’s Ministry of Economy has announced that it has adjusted the import tariffs originally imposed on certain steel products, according to Mexico’s official gazette. Accordingly, the import duties will be reduced gradually to 10 percent, seven percent, five percent and three percent by August 22, 2024. For some products, the duty will be completely removed by August 22, 2024. These steel products include steel sheet, cold rolled sheet, hot... Read More

IREPAS in Duesseldorf : Changing trade flows and market challenges discussed against backdrop of protectionism, trade conflicts and depressed conditions

The 81st meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Duesseldorf, Germany on September 22-24, 2019 in conjunction with the SteelOrbis Fall’19 Conference. There were 138 producer representatives among the 426 registered delegates from a total of 46 different countries. There were also 78 registrations representing 38 different raw material suppliers. At the opening of the conference, Murat Cebecioglu,... 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

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