Short Range Outlook : April 2018

Confusion and uncertainty reign in global long products market There is obvious confusion and uncertainty in the global long steel products market triggered by the announcement of new tariffs on steel imports by President Trump as a result of the Section 232 investigation in the US, the subsequent exemptions from these tariffs, and the resulting safeguard investigation announced in the EU. Major exporters to the US – Canada, Mexico, Brazil,... Read More

Temporary exemptions to Section 232 tariffs will expire May 1

A report issued late Thursday by US Customs and Border Protection indicates that the temporary exclusions for US steel tariffs under Section 232 will expire as of May 1. Starting that day, all countries of origin will be subject to the 25 percent tariff on US steel imports. The tariffs are effective with respect to goods entered, or withdrawn from warehouse for consumption, on or after March 23, 2018. Countries with temporary exclusions to the tariffs... Read More

US adds EU, Brazil, Argentina, Australia, and South Korea to temporary tariff exemption list

US Trade Representative Robert Lighthizer announced that the European Union, Brazil, Argentina, Australia, and South Korea will be temporarily excluded from the 25 percent tariff on steel and 10 percent tariff on aluminum under the Section 232 which is set to go into effect for all other countries Friday, March 23. According to media reports, Lighthizer told the Senate Finance Committee that the Trump administration would base exemptions on “a... Read More

Mexico lifts CVD on graphite electrode imports from China and UK

Mexico’s Ministry of Economy has announced that it has lifted the definitive countervailing duties (CVD) on the imports of graphite electrodes for electric arc furnaces (EAFs) from China and the UK. The duties were first imposed in September 2015. CVD rates for Chinese producers/exporters were as follows: M. Brashem Inc                               : 38% Jilin Carbon                                     ... Read More

US DOC announces preliminary antidumping margins on wire rod imports from Mexico

The US Department of Commerce (US DOC) has announced the preliminary results of the administrative review on the antidumping duty against the wire rod imports from Mexico. The review covered two Mexican producers/exporters, ArcelorMittal Las Truchas and Deacero, during the period from October 1, 2015 through September 30, 2016. The US DOC has determined that ArcelorMittal Las Truchas made no shipments to the US during the period of review, while assigning... Read More

Aceros Arequipa of Peru asks to investigate rebar imports from Brazil and Mexico

Peruvian steelmaker Aceros Arequipa has filed a request at the country’s institute of competition defense and intellectual property (Indecopi) asking the authority to investigate imports of Brazilian and Mexican rebar, according to media reports this week. In the filing, dated June 27, Aceros Arequipa argued that imports of Brazilian and Mexican rebar have increased in Peru and now threaten the domestic industry.  Read More

US DOC revises Mexican rebar duties in final administrative review

The US Department of Commerce (DOC) announced today the final results of an administrative review of antidumping duties against two Mexican producers of reinforcing bar, Deacero and Grupo Simec. The period of review was April 24, 2014, through October 31, 2015. According to the ruling, the weighted-average dumping margins are as follows: Deacero - 0.56 percent (previously 20.58 percent) Grupo Simec - 0.00 percent (previously 66.7 percent) The... Read More

Final margins issued on wire imports from Mexico to the US

The US Department of Commerce (US DOC) has released its final results in the administrative review of the antidumping order on carbon and certain alloy steel wire rod from Mexico. The review covered two Mexican producers/exporters, ArcelorMittal Las Truchas and Deacero, during the period from October 1, 2014 through September 30, 2015. The US DOC assigned a final dumping margin of 40.52 percent to Deacero, based on adverse facts available (AFA) because... Read More

Mexico to extend 15 percent duty on wire rod imports for six more months

Mexico’s economy secretariat, SE, will extend an existing 15 percent duty on certain steel imports for six more months, according to Mexican media citing the country’s economy secretary, Ildefonso Guajardo. The announcement was made this week by SE officials during a eeting with Canacero, Mexico’s steel association. The 15 percent duty is valid for certain steel imports for the countries Mexico does not have trade agreements with. The products... Read More

Chile sets definite antidumping duty of 9.8 percent on Mexican origin rebars

The Chilean government has set a definite anti-dumping duty over imports of Mexican origin reinforcing bars, according to a decision published late this week at the country’s official gazette, Diario Oficial. According to the local government, Mexican imports of rebar will pay an ad-valorem, definite tariff 9.8 percent for a period of one year, effective on September 17, 2016. Chile’s current decision replaces a previous resolution applied to... Read More

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