US DOC claims Deacero circumvented wire rod exports to the US

The US Department of Commerce announced Friday that Mexican steelmaker Deacero has circumvented exports of carbon and certain alloy steel wire rod. According to the US Department of Commerce, Deacero’s exports of the product with actual diameters less than 4.75 mm both produced or exported by Deacero S.A.P.I. de C.V are “circumventing the antidumping (AD) duty order on wire rod from Mexico.” As a result of Deacero’s circumvention practices,... Read More

Canada announced provisional safeguards on imports of seven steel products

On October 11, the Government of Canada announced that it will be imposing provisional safeguards starting on October 25, 2018 on imports of seven steel products and also ordered the Canadian International Trade Tribunal to investigate whether more long-term safeguard measures are necessary. The provisional safeguards will remain in place for 200 days from October 25, expiring on May 13, 2019. The products affected by the safeguards include concrete... Read More

Short Range Outlook : October 2018

Global long steel market still in equilibrium though regional differences observed The  global long steel products market still seems to be in equilibrium in terms of supply and demand. However, the steel trade is becoming more and more regional and so different supply and demand situations may be observed in various regions. Accordingly, although the overall market is generally stable, there are fluctuations seen in certain regions. Sharp increase... Read More

IREPAS in Istanbul: All eyes on protectionist measures as IREPAS celebrates its 35th anniversary with record attendance

The 79th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 16-18, 2018. There were 139 producer representatives among the record 519 registered delegates from a total of 52 different countries. There were also 84 registrations representing 45 different raw material suppliers. At the opening of the conference which celebrated the 35th year of this bi-annual meeting, Murat Cebecioglu,... Read More

Short Range Outlook : June 2018

Global long steel market to see some stability in short term after Section 232 decision The global long steel products market is expected to see some stability in the short term after the US imposed tariffs on steel imports from June 1 on the European Union, Canada and México, which were all exempted from the tariffs during May. The Section 232 measures are now the same for the EU, Turkey, Canada and México, but the uncertainty in the market has... Read More

No deal: US puts tariffs on steel and aluminum imports from EU, Canada and Mexico

US commerce secretary Wilbur Ross has said that a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the EU, Canada and Mexico will go into effect at midnight, June 1. In March, the US imposed 25 percent duty on steel imports, while granting exemptions to the EU and some other countries until May 1, before later extending the deadline until June 1. Canada, Mexico, and the European Union have already vowed to retaliate... Read More

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

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