Short Range Outlook : February 2023
Unpredictability persists in global longs market, recession fears may have been exaggerated The global long steel products market is still characterized by unpredictability. China’s impact on the global markets is still an open question and this contributes to the unpredictability for the second quarter. It seems that customers heard too much talk of recession last year and were convinced that all construction would stop in 2023. Actually, it looks... Read More
Canada to maintain antidumping duties on rebar imports from six countries
The Canadian International Trade Tribunal (CITT) has announced that it will continue to impose antidumping (AD) duty on reinforcing bar imports from six countries, namely, Belarus, Taiwan, Hong Kong, Japan, Portugal, and Spain, following the conclusion of the expiry review. The applicable duties range between 2.4 percent and 108.5 percent. The antidumping duties were imposed in May 2017. The products in question currently fall under Customs Tariff... Read More
US issues preliminary antidumping duty review results for rebar from Mexico
The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping (AD) duty order on reinforcing bars imported from Mexico for the period between November 1, 2020, and October 31, 2021. Accordingly, the US DOC has determined that Mexican companies’ sales of the subject goods were made below normal value during the period of review. The DOC has determined the below weighted-average dumping margins: Deacero... Read More
Short Range Outlook : November 2022
Demand at crisis levels in global longs market, unlikely to improve in coming months Demand in the global long steel products market is either very low or there is no demand at all, depending on the region. Overall demand is less than real supply and possible supply increases. The demand for ferrous materials has also slowed down considerably as industrial outlooks have lost visibility. Energy cost uncertainty and the destruction of demand have led... Read More
IREPAS in Monaco: The current crisis is a once-in-a-generation event
The 87th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Monaco, on October 9-11, 2022, in conjunction with the SteelOrbis Fall ’22 Conference. There were 108 producer representatives from 40 different companies among the 407 registered delegates from a total of 48 different countries. There were also 69 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat... Read More
US DOC continues CVD order on reinforcing bar imports from Turkey
The US Department of Commerce (DOC) has announced the final results of the sunset review on the countervailing duty (CVD) order on rebar from Turkey. The DOC found that revocation of the countervailing duty (CVD) order on the given product from the country would be likely to lead to a continuation or recurrence of subsidies. The final subsidy rate is at 15.99 percent for Habas Sinai ve Tıbbi Gazlar İstihsal Endüstrisi A.S. The countervailing duty... Read More
US DOC to continue antidumping orders on rebar from three countries
The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty (AD) orders on reinforcing bar imports from Turkey, Taiwan and Japan. The DOC found that revocation of the antidumping duty orders on the given product from these three countries would be likely to lead to continuation or recurrence of dumping. The DOC has determined weighted-average dumping margins of up to 4.17 percent for Turkey, up... Read More
Short Range Outlook : September 2022
Dramatic situation in global long products market, huge uncertainty lies ahead The situation in the global long steel products market is deteriorating as we have entered a rising-cost business cycle. Inventories are lasting a lot longer than expected due to the lack of demand in the market. The situation is dramatic, to say the least, and huge uncertainty lies ahead in the coming month. Europe and rest of the world seem to be two different planets Europe... Read More
US DOC issues preliminary antidumping review results on rebar from Turkey
The US Department of Commerce has announced the preliminary results of its administrative review of the antidumping duty order on reinforcing bar from Turkey. During the review period from July 1, 2020, to June 30, 2021, Turkish producers were found to have made sales of the subject products at less than normal value. Additionally, the US DOC preliminarily found that Habas made no shipments during the period of review, though it will not rescind the... Read More
Short Range Outlook : July 2022
Demand mostly very weak in global longs market, unlikely to improve in July and August It has become very complicated nowadays to use the word global when talking about the global long steel products market. It seems like there are different globes. Demand has disappeared almost everywhere and commodity prices are down, which definitely forces mills to slow down. The main issue for steel producers is volume and profitability. Adding salt to the wound,... Read More