European Parliament voted in favor of safeguard measures

The European Parliament voted today in favor of the proposed safeguard measures against steel imports. Accordingly, the European Commission is expected to finalize the procedure and measures are expected to enter into force in early February. The proposed measures envisage import quotas for a period between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased by five percent for the period between July 1, 2020 and June 30, 2021. The... Read More

Australia imposes preliminary antidumping duty on rebar imports from Turkey

The Australian Government Antidumping Commission has announced the preliminary results of the antidumping duty investigation it started in November 2018 on reinforcing bar imports from Turkey. The investigation covered the period between October 1, 2017 and September 30, 2018. The Antidumping Commission’s preliminary assesment has shown that exports of rebar from Turkey to Australia were at dumped prices, and the volume of the dumped goods was greater... Read More

Short Range Outlook : January 2019

Is globalization of the world’s long steel products market now at an end? The global long steel products market is heading towards a more complicated and difficult period as the globalization of the steel business is being rewound amid a clash between liberal and protectionist trade policies that are somehow tied to political ups and downs between world leaders. It seems that global business will be relatively quiet as long as protective measures... Read More

Turkey reinstates ten percent duty on imports of rebar

It has officially been announced that the 10 percent import duty on imports of reinforcing bar to Turkey which was removed at the beginning of 2018 will be reintroduced as of January 1, 2019. The import duty on reinforcing bar in Turkey was first decreased to ten percent from 30 percent in July 2017, and then completely removed as of January 1, 2018.  Read More

EU to impose new quota on imports

According to media sources, the European Commission has sent a notification to the World Trade Organization, stating that the EU will impose import quotas on certain steel products, including rebar and wire rod, for a period of 150 days starting from February 2, 2019.. However, there has been no official announcement yet. Accordingly the import quotas will be in force between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased... Read More

Short Range Outlook : December 2018

Global long steel market facing many unknowns amid protectionism and price corrections There is huge uncertainty in the global long steel products market as there are a lot of unknowns against the backdrop of protectionist measures and price corrections. US-China ceasefire may reduce volatility in international market The trade dispute between the US and China has been kicked down the road for another 90 days. The ceasefire in the trade war between... Read More

Australia initiated antidumping duty investigation on rebar imports from Turkey

The Australian Government Antidumping Commission has announced that it has initiated an antidumping duty investigation against rebar imports from Turkey. The investigation has been launched upon the application of Liberty OneSteel, on the grounds of loss of market share and price suppression due to lower prices of imported goods from Turkey than their normal value. The investigation will cover the period between October 1, 2017 and September 30, 2018.... Read More

Short Range Outlook : November 2018

Global long steel industry in better position now despite tariffs and other issues The global long steel products market has been off balance recently, and the general situation has gotten marginally worse. One of the leading indicators of the worsening in the market is that the current Turkish spread between import scrap and rebar prices is now the lowest value observed since August 2017. The number shows a downward movement of $55/mt from the peak... Read More

US ITC votes to maintain antidumping duties on rebar imports from seven countries

The US International Trade Commission (ITC) today determined that revoking the existing antidumping duty orders on imports of steel concrete reinforcing bar from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. Current AD margins are as follows: Country                          AD margin Belarus                              ... Read More

Canada announced provisional safeguards on imports of seven steel products

On October 11, the Government of Canada announced that it will be imposing provisional safeguards starting on October 25, 2018 on imports of seven steel products and also ordered the Canadian International Trade Tribunal to investigate whether more long-term safeguard measures are necessary. The provisional safeguards will remain in place for 200 days from October 25, expiring on May 13, 2019. The products affected by the safeguards include concrete... Read More

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