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

US DOC issues final AD/CVD decisions for wire rod imports from five countries

The US Department of Commerce (DOC) has announced its final determinations in the antidumping duty investigations of imports of carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey and the UK and countervailing duty investigations of the same imports from Italy and Turkey. Antidumping duty rates are as follows: Italy Ferriere Nord S.p.A.                    : 12.41% Ferriera Valsider S.p.A.             ... Read More

Trump signed proclamation authorizing 25 percent duty on imported steel

President Donald Trump signed a proclamation authorizing the tariffs on imported steel and aluminum, while excluding Canada and Mexico and leaving the door open to sparing other countries on the basis of national security. Accordingly the U.S. will levy a 25 percent duty on steel and 10 percent on aluminum, and the tariffs will take effect in 15 days. Trump’s authority to establish the tariffs stems from a Commerce Department investigation that... Read More

IREPAS statement on US DOC’s Section 232 recommendations

IREPAS is convinced that, if the United States imposes the import remedy options which have been recommended by the US Department of Commerce Secretary Wilbur Ross following the conclusion of the Section 232 investigation into steel imports, American steel users will have to face much higher steel prices compared to the other parts of the world, which will certainly devastate many steel-using industries in the US. IREPAS affirms its belief that free... Read More

US DOC releases recommendations for steel tariffs or quotas under Section 232

US Department of Commerce Secretary Wilbur Ross publicly released his recommendations to the president following the conclusion of the Section 232 investigation into steel imports, with three import remedy options: A global 24 percent tariff on all steel imports from all countries. A tariff of at least 53 percent on steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Korea, Russia, South Africa, Thailand, Turkey and Vietnam. A quota... Read More

US ITC issues injury determination in case against wire rod from Ukraine and South Africa

The United States International Trade Commission (US ITC) today determined that a US industry is materially injured or threatened with material injury by reason of imports of carbon and alloy steel wire rod from South Africa and Ukraine that the US Department of Commerce (US DOC) has determined are sold in the United States at less than fair value. Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson... Read More

UPDATED: India may implement export duty on electrodes and likely to review the antidumping duty

In the new budget for 2018-19, the Indian government has made it possible to collect a 20 percent export tax on graphite electrodes to improve domestic supplies and promote the electric arc furnace (EAF) route of steelmaking in the country, however the export duty on the product in question remains nil for the time being. The 20 percent export tax might become effective anytime after April 1, the date the new budget comes into force, when the government... Read More

Australia terminates the dumping investigation on two Indonesian exporters

Australia’s Antidumping Commission has announced that within the scope of its antidumping duty investigation regarding reinforcing bar imports from Greece, Indonesia, Spain (by Nervacero S.A), Taiwan (by Power Steel Co. Ltd) and Thailand, it has decided to terminate the investigation in relation to Indonesian exporters PT Ispat Panca Putera and PT Putra Baja Deli since the dumping margin for the two companies is less than two percent. The investigation... Read More

Short Range Outlook : January 2018

Very positive prospects for global long steel market in 2018 The supply and demand balance in the global long steel products market has improved and may now be described as excellent. Demand remains strong almost everywhere and sentiment is also very good. It seems that 2018 will be a replica of 2017 as the prospects are very positive. China has been the main story in 2017 China has been the main story in 2017. It is not exactly out of the market:... Read More

Ukraine imposes antidumping duty on imports of rebar and wire rod from Russia

The Ukrainian Interdepartmental Commission on International Trade has announced that it has imposed a definitive antidumping (AD) duty on imports of reinforcing bar and wire rod from Russia for a period of five years. The decision will come into effect 60 days after the official publication of the decision. The antidumping duty rates are announced as follows: Reinforcing bar (diameter 6 – 40 mm) : 15.21 percent Wire rod (diameter 5.5 mm -... Read More

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