Argentina imposes 12 percent tariff on all exports, including steel

The Argentinian government has imposed a tariff on all exports, including steel products, according to a notice published this week at the country’s official gazette. The move aims to help Argentina meet its fiscal goals, following an increased devaluation of the Argentinian Peso (ARS) devaluation and a high public deficit. Argentina imposed a 12 percent tariff over “all products included in the Mercosur HTS codes.” Argentina said the tariff... Read More

The program of the 79th meeting in Istanbul

Day 1: Sunday, September 16, 2018 19:00 – 22:00                        Welcome cocktail at The Grand Tarabya Hotel Day 2: Monday, September 17, 2018 09:00 – 09:15                        Welcome address by Chairman of IREPAS 09:15 – 10:15                          SESSION ONE – Global economic outlook -  The Future of The World Economy: The Eagle, The Tiger... Read More

US doubles the tariffs on Turkish steel imports

The US President Donald Trump tweeted on Friday August the 10th that he has just authorized to double tariffs on Turkish steel imports. His tweet reads: “I have just authorized a doubling of tariffs on steel and aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong dollar! Aluminum will now be 20 percent and steel 50 percent. Our relations with Turkey are not good at this time!” US... Read More

Short Range Outlook : August 2018

Global long steel market currently in equilibrium, though world steel output is on the rise The global long steel products market seems to be in equilibrium at present, with slightly higher freight rates. World steel production is up by six percent, while this situation needs to be monitored. If this continues to be the case for another year or so, we might experience disturbance in the supply-and-demand balance in certain areas. International business... Read More

Dominican Republic starts antidumping probe on rebar imports from Costa Rica

The Dominican Republic’s commission of trade defense, CDC, has announced that it has started an antidumping duty investigation on reinforcing bar imports from Costa Rica. The investigation was initiated following a petition lodged by the local steelmaker Gerdau Metaldom. The products subject to investigation currently fall under Customs Tariff Statistics Position Numbers 7214.10.00, 7214.20.00, 7214.30.00, 7214.91.00 and 7214.99.00.  Read More

Australia initiates antidumping review on rebar imports from S. Korea and Taiwan

Australia’s Antidumping Commission has announced that it has initiated a review of the antidumping measures applying to certain reinforcing bars exported to Australia from South Korea and Taiwan (with the exception of Power Steel Co. Ltd). This review is limited to examining whether the variable factors, relevant to the taking of the antidumping measures, should be varied. The review launched upon the applications lodged by Australia-based DITH... Read More

Retroactive antidumping duties on rebar imports to Canada from Turkey

The Canada Border Services Agency (CBSA) announced on July 24th, retroactive assessments of anti-dumping duty on importations of steel reinforcing bars from Turkey under the Special Import Measures Act (SIMA). On July 18, 2018, the CBSA issued assessments of anti-dumping duty against two importations of steel reinforcing bar from Turkey that arrived in Canada in 2017. The total amount of anti-dumping duty retroactively assessed by the CBSA was over... Read More

EU imposes provisional safeguard measures on 23 steel product categories

The European Commission has announced that it has decided to impose provisional safeguard measures on 23 steel product categories, including reinforcing bars, hot rolled products and steel pipes, in the form of a 25 percent out-of-quota tariff. The provisional measures will be applied for 200 calendar days beginning from July 19. The commission has preliminarily decided that the EU steel industry is in a situation of threat of serious injury for the... Read More

Ukraine starts antidumping investigation on certain steel bar imports from Moldova and Belarus

The Ukrainian Interdepartmental Commission on International Trade has announced that Ukraine’s Ministry of Economic Development and Trade has started an antidumping duty investigation on certain carbon and alloy steel bar imports from Moldova and Belarus. The investigation was launched following the application lodged by local steel producer ArcelorMittal Kryviy Rih. The investigation period covers the period from January 2013 to September 2017.  Read More

Short Range Outlook : July 2018

Global long steel products market impacted more and more by protectionism, though demand performs well The global long steel products market is feeling the effects of protectionism more and more every day. Canada has started another investigation on imports, the third within a period of only 12 months. The EU is expected to announce quotas based on the average import volumes of the preceding three years, as a result of its safeguard investigation.... Read More

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