Short Range Outlook : June 2023
Global longs market impacted by variety of negative factors, especially low consumption The supply and demand balance in the global long steel products market is not getting any better and the main export destinations are requiring lower offers almost every week. The overriding issue for the market is volume and the lack of volume which is in effect coming from the lack of consumption. Consumption has unfortunately not recovered yet from the pandemic.... Read More
US issues final CVD review results on rebar imports from Turkey
The US Department of Commerce (DOC) has announced the final results of its administrative review of the countervailing duty (CVD) order on certain rebar from Turkey for the period between January 1, 2020, and December 31, 2020. The final subsidy rates are at 0.07 percent for Colakoğlu Dis Ticaret A.S., de minimis, and 2.15 percent for Kaptan Demir Celik and ICDAS Celik Enerji Tersane ve Ulasim Sanayi A.S. In addition, the DOC rescinded the review... Read More
EU extends duty suspension for Ukrainian products for another year
The European Council has renewed the regulation regarding the suspension of all customs duties, quotas and trade defense measures on Ukrainian exports to the EU for another year, until June 2024, effective from June 6. The regulation was adopted in June last year. The renewal will help Ukraine to maintain the stability of its trade relations with the EU and to keep its economy going under very challenging circumstances. Read More
The program of the 88th meeting in Barcelona
Day 1: Sunday, May 7,2023 19:00 – 22:00 Welcome cocktail at InterContinental Barcelona Day 2: Monday, May 8, 2023 09:00 – 09:10 Welcome address by Chairman of IREPAS 09:10 – 10:50 SESSION ONE: Long Products and macro economy - Long products market outlook Overview of global construction sector Steel and long... Read More
US to continue anti dumping orders on wire rod imports from 10 countries
The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty orders on carbon and certain alloy steel wire rod from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates (UAE), and the UK. The DOC found that revocation of the antidumping duty orders on the given product from the given countries would be likely to lead to continuation or recurrence of... Read More
Canada banned the import of all Russian aluminum and steel products
Canada banned the import of all Russian aluminum and steel products in a move that Ottawa said was aimed at denying Russia the ability to fund its war against Ukraine. The ban covers both finished and unfinished products according to the statement. Read More
Short Range Outlook : March 2023
Better demand in global longs market It seems that demand in the global long steel products market is somewhat better after the holiday season. There have been signs of a pickup in demand everywhere in the past month, apart from the EU. The supply in the market has been adjusted accordingly, which has had a positive influence on prices. Consequently, the whole market dynamic has changed. The price spread between Chinese origin reinforcing bars and... Read More
UK extends AD duty on HFP rebar from China
The UK’s Trade Remedies Authority (TRA) has announced that the UK government has accepted its recommendation regarding the extension of anti dumping measures on imports of high fatigue performance (HFP) reinforcing bar from China. The anti dumping duties ranging at 18.4-22.5 percent for China will be maintained until July 30, 2026. The products in question currently fall under Customs Tariff Statistics Position Numbers 72 14 20 00 10, 72 28 30 20... Read More
Australia to continue AD duties on rebar from four countries
The Australian Anti-Dumping Commission has announced that it has completed an inquiry, which commenced on March 28, 2022, into whether the continuation of the anti dumping measures on reinforcing bar imports from Greece, Spain, Indonesia, Taiwan and Thailand is justified. Accordingly, the commission decided that the anti dumping duties on reinforcing bar from the given countries except Thailand, which will expire on March 7 this year, will continue. The... Read More
US announces final results of Turkish rebar antidumping administrative review
The US Department of Commerce (DOC) has announced the final results of the administrative review on six companies regarding the antidumping (AD) duty on reinforcing bar imports from Turkey. The DOC found that one of the six, HABAS, made no shipments during the review period, July 2020-June 2021. As a result of the review, the DOC has determined weighted-average dumping margins of 1.13 percent and 5.51 percent for two individual respondents, Colakoglu... Read More