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

Malaysia imposes preliminary antidumping duty on rebar imports from Turkey and Singapore

Malaysia’s Ministry of International Trade and Industry has announced that it will implement preliminary antidumping duties on rebar from Turkish firms, except Colakoglu Metalurji A.S., and on Singaporean firms. The ministry has assigned preliminary dumping rates in the range of 5.99-17.65 percent to Singaporean firms and preliminary dumping rates in the range of 3.35-20.09 percent for Turkish firms. The petitioner is the Malaysia Steel Association. The... 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 : September 2019

Global long steel market currently depressed amid more difficult circumstances The global long steel products market is depressed at the moment as circumstances are becoming more difficult. It has become a buyer’s market and is difficult to secure orders at reasonable prices. The problem lies more on the demand side rather than with supply, and, therefore, it might take longer for a balance to be reached. Steel prices decline amid sharp drops in... Read More

Russian Federation sets quota for scrap exports till end of 2019

Russian authorities have officially set the quota for the steel scrap exports to the countries excluding the members of the Eurasian Economic Union in order to protect the local steel industry. The official document, signed on August 31, implies the total allowed export volume of 1.009,2 million mt of scrap for the period from September 1 to December 31 of the current year. The Ministry of the Industry and Trade will be responsible for the distribution... Read More

EU reduces increase in steel import quotas

The European Commission (EC) has announced that it has reduced the planned increase in the steel import quota rate from five percent to three percent in all product categories, as result of the review of the safeguard measures imposed on February 2. The EC indicated that steel imports in 2018 reached a record volume of 33.4 million mt, 5 million mt higher than the average for the 2015-2017 period and 3 million mt higher than for 2017 alone, which... Read More

The program of the 81st meeting in Duesseldorf

Day 1: Sunday, September 22, 2019 19:00 – 22:00                        Welcome cocktail at Hilton Duesseldorf   Day 2: Monday, September 23, 2019 09:00 – 09:15                   Welcome address by Chairman of IREPAS   09:15 – 10:15                     SESSION ONE – Global Markets: What are the future challenges and opportunities? -  Global economic... Read More

President Trump increases “Buy American” threshold to 95 percent

US President Donald Trump signed an executive order Monday, July the 15th that will require federal agencies to purchase products using more American components. The order strengthens the standards that federal agencies must follow under the Buy American Act, which creates a preference for American-made goods. Trump said his order will gradually boost the percentage of U.S. components for qualifying American-made products from 50 percent to 75 percent.... 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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