India imposes final antidumping duty on wire rod imports from China

India’s Ministry of Finance has announced that it has imposed a final antidumping duty on imports of wire rod of alloy or non-alloy steel from China. The antidumping duty rates for the mentioned imports are as follows: for China-based Minmetals Yingkou Medium Plate Co., Ltd : equivalent to the difference between the realized value of the subject goods and $535/mt for all other Chinese exporters : equivalent to the difference between the realized... 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

IREPAS in Athens: Global longs market in much better shape compared to 2016, but China needs to be watched

The 77th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Athens, Greece on September 24-26, 2017. There were 134 producer representatives among the 433 registered delegates from 44 different countries. There were also 76 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS, said he believed the outlook for the next quarter is very... Read More

US DOC sets preliminary margins against wire rod imports from Belarus, Russia, and the UAE

The United States Department of Commerce (US DOC) announced preliminary findings that carbon and alloy steel wire rod from Belarus, Russia and the United Arab Emirates are being dumped in the US market. Preliminary margins are set as follows: Belarus                                : 280.02 percent Russia                                  : 436.80-756.93 percent UAE                                     ... Read More

Short Range Outlook – September 2017

Further improvements in global long steel market amid lack of pressure from China Demand in the global long steel products market is good and has even been increasing slightly in almost all markets as there is no pressure from China on the international market. Strong domestic steel consumption in China reduces prospects for Chinese exports Some months ago, the consensus of steel sector analysts was that steel demand in China would decrease during... Read More

US DOC issues affirmative preliminary CVD rates for wire rod from Italy and Turkey

The US Department of Commerce (US DOC) announced the affirmative preliminary determinations in the countervailing duty (CVD) investigations of carbon and alloy steel wire rod, finding that exporters of subject merchandise from Italy and Turkey received countervailable subsidies. The petitioners are Gerdau Ameristeel US, Inc., Nucor, Keystone Consolidated Industries, and Charter Steel. In the Italy CVD investigation, the US DOC calculated the following... Read More

The programme of the 77th IREPAS meeting in Athens

September 24th, Sunday 19:00 – 22:00      Welcome cocktail at Wyndham Grand Athens   September 25th, Monday 09:00 – 09:15      Welcome address by Chairman of IREPAS 09:15 – 10:30        SESSION ONE – Global economic outlook - Global Economic and Market Developments Vassilis Patikis, Piraeus Bank / Head, Economic Research & Investment Strategy Structural Themes for the Post Crisis Global Economy US,... Read More

New Zealand starts antidumping duty probe for rebar imports from China and Malaysia

New Zealand’s Ministry of Business, Innovation and Employment has announced that it has initiated an antidumping (AD) investigation regarding reinforcing steel bar and coil imports from China and Malaysia and a countervailing duty (CVD) investigation for the same products imported from China. The investigations was launched upon the complaint from Pacific Steel, the sole producer of rebar in New Zealand, claiming that the mentioned goods imported... Read More

Short Range Outlook : August 2017

Good demand in global long steel products market backed by reasonable growth Demand in the global long steel products market is good and steady as reasonable growth is seen to be globally providing support for steel consumption. Chinese steel exports at 2014 levels playing huge role in global supply-demand balance Chinese steel exports are down to 2014 levels after having been considerably higher for the past three years. Obviously the reduced supply... Read More

Final margins for rebar imports from Taiwan to the US are announced

On July 21, 2017, the US Department of Commerce (DOC) announced its affirmative final determination in the antidumping duty (AD) investigation of imports of steel concrete reinforcing bar from Taiwan. Mandatory respondents Power Steel Co., Ltd. and Lo-Toun Steel and Iron Works Co., Ltd. received final dumping margins of 3.50 percent and 32.01 percent, respectively.  The DOC assigned the final margin of 3.50 percent to all other producers/exporters... Read More

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