Egyptian court suspends safeguard duty on billet and rebar imports

An Egyptian administrative court has suspended the country’s preliminary safeguard duty on billet and rebar imports, according to reports. The Egyptian government imposed a 15 percent safeguard duty on steel billet imports and 25 percent duty on reinforcing bar imports for a period of 180 days starting from April 15. Last month, Egyptian rerollers decided to take legal action to challenge the import duty on billet.  Read More

Short Range Outlook : June 2019

Uncertainty in global long steel products market increases dramatically The uncertainty in the global long steel products market has increased dramatically. Nowadays, the most stable region is China, where steelmakers have been increasing their weekly production volumes, whereas the rest of the world is just trying to hang on. Ferrous scrap and iron ore price trends decouple completely Ferrous scrap and iron ore price trends have completely decoupled. Iron... Read More

US reduces tariffs on Turkey to 25 percent

The White House has announced that the 50 percent duty on Turkish steel imports has been halved to 25 percent as of May 17. In a statement, the administration said that since the implementation of the higher tariff, steel imports from Turkey declined 48 percent in 2018, “with the result that the domestic industry’s capacity utilization has improved at this point to approximately the target level recommended” in the initial DOC report... Read More

Short Range Outlook : May 2019

Global long steel market mostly unstable despite supply-demand equilibrium A balance has been maintained between supply and demand in the global long steel products market, but it is still difficult to transact business globally. However, shorter-distance regional business is good. The global market can be described as mostly unstable, with only a few exceptions. Absence of Chinese still provides support for the rest of the world We have to take into... Read More

EU transfers unused quotas to “other countries”

The European Commission has transferred the quotas under “other countries” and “all third countries” which were unused between February 2 and March 31 to the “other countries” quotas for the April 1-June 30 period as of May 2. Accordingly, an additional volume of 19,704 mt has been added to the “other countries” rebar quota, which had been quickly used up in early April when the “other countries” quotas became available to all... Read More

Australia removes preliminary antidumping duty on Turkish rebar imports

The Australian Government Antidumping Commission has announced that it has terminated the preliminary antidumping duty on imports of Turkish origin reinforcing bars. Australia imposed four percent preliminary antidumping duty on imports of Turkish rebar in January 2019 as a result of the investigation started in November 2018. The final recommendation of the commission is due by June 24 of the current year. The investigated rebar products are classified... Read More

Turkey increased import duty on rebar imports from non WTO member countries

According to Turkey’s Official Gazette published on April 17, Turkey has increased the 10 percent import duty on rebar to 30 percent for countries which are not members of the World Trade Organization (WTO). Iran stands out as one of the non-WTO countries whose rebar exports to Turkey have increased lately. Towards the end of last year, Iran started to be seen as a threat to the Turkish rebar market. Other non-WTO countries are Iraq, Syria, Azerbaijan,... Read More

Egypt imposes provisional safeguard duty on billet and rebar imports

The Egyptian government has notified the World Trade Organization (WTO) that it has imposed a provisional safeguard duty on steel billet and rebar imports for a period of 180 days starting from April 15. Egypt will collect up to 15 percent duty on billet imports and 25 percent duty on rebar imports. According to the notification made to the WTO, imports from developing countries shall not be subject to the proposed provisional safeguard measure as... Read More

CITT has not recommended final safeguard duty for rebar or wire rods

The Canadian International Trade Tribunal (CITT) has recommended final safeguard duties for only two steel products, i.e., heavy plate and stainless steel wire, from among the seven steel products that have already been subject to provisional safeguard duties since October 2018. For the remaining five products, the CITT has either found no increase in imports or found that imports have not harmed the Canadian steel industry. In October 2018, Canada... Read More

Mexico renewed 15 percent tariff over steel imports

Mexican president Andres Manuel Lopez Obrador announced on Monday he has renewed a 15 percent tariff over certain steel imports from China and other countries with which Mexico does not have trade agreements. The decision was published on March 25th at local official gazette Diario Oficial Federal (DOF), covering 175 products. The tariff will be effective on March 26th. The renewed 15 percent import tariff covers imports of slab, CRC, HRC, heavy plate... Read More

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