US wire rod producers file AD/CVD petition against 10 countries

Below mentioned four major US steel producers, Gerdau Ameristeel US Inc., Nucor Corporation Keystone Consolidated Industries, Inc., Charter Steel today filed petitions charging that unfairly-traded imports of carbon and alloy steel wire rod from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey, Ukraine, United Arab Emirates, United Kingdom are causing material injury to the domestic industry. The petitions allege that producers... Read More

Short Range Outlook : November 2016

Global long steel products market enjoys its best environment since 2013 The global long steel products market is currently enjoying its best environment since 2013, while sentiment has improved significantly. Supply and demand in the market are now a lot more in equilibrium compared to previous months. Fewer offers from China and Russia seen in global market Demand had made a weak start to October, as sellers were continuing with their seasonal fourth... Read More

Short Range Outlook : September 2016

Increased stability and reduced price spreads in global long steel market The global long steel products market has seen some stability over the last few weeks as the increase in Chinese origin offer prices halted the weakening of global long product prices. The spread between Chinese and Turkish origin reinforcing bar prices has narrowed significantly and is becoming even narrower. Likewise, the price spread between the most expensive FOB or ex-works... Read More

EEC imposes antidumping duty on rebar imports from Ukraine

The Eurasian Economic Commission (EEC), the executive body of the Eurasian Economic Union (EEU) which includes Belarus, Kazakhstan, Russia and Armenia, has announced that it has decided to impose antidumping duty on rebar imports from Ukraine. The investigation was launched in November 2013. The duty rates are announced as follows: Enakievskiy Steel Mill                         : 10.11 percent ArcelorMittal Kryvyi Rih                    :  9.32... Read More

Short Range Outlook : February 2016

Slightly better conditions in global long steel market but significant risk still exists Conditions in the global long steel products market are slightly better as we can see a “better” supply and demand balance in China and the US due to output cuts at the end of 2015 and amid the restocking cycle in North America and Europe during the first quarter of 2016.  On the other hand, there has not been much  improvement on the demand side. Buyers... Read More

Short Range Outlook : September 2015

Long steel demand reasonable in Europe and North America for the season Trade for long steel products has been slower due to summer breaks in the northern hemisphere, although demand in Europe and North America could be described as reasonable for the season. Oversupply remains biggest problem Some oil producer countries are showing the effects of oil price reductions in terms of lower demand and currency devaluations that restrict imports. Oversupply... Read More

Short Range Outlook : June 2015

Slight improvement in trading atmosphere It seems that the general trading atmosphere has become slightly better in the global long steel market. The imbalances which we have gotten used to have diminished somewhat and therefore traditional trade routes seem to be chosen again. The strengthening of the Russian currency and the reduced influx of Chinese steel to far away markets are having an impact. Demand picks up in Europe, interest in imports declines The... Read More

Short Range Outlook : May 2015

Decent demand in global long steel market but excess supply still prevails The recent increase in metallics prices has imparted positive momentum to demand in the global long steel products market. Demand is still good in North and Central America and in some countries in South America. On the other hand, customers have been heavily destocking during the entire first quarter in some other markets, reducing buying quantities in these markets. Long... Read More

Iran hikes import duties on steel

Reuters reported that the Iranian government has raised customs duties on certain steel imports to 10-20 percent to protect domestic steelmakers against the surge in Chinese exports. Reuters quoted Keyvan Ja’fari Tehrani, head of international affairs at the Iranian Iron Ore Producers and Exporters Association (IRIOPEX), as saying, “A steel import tax has been imposed… to protect local steel mills against dumping by China, Russia... Read More

Short Range Outlook : March 2015

Global long steel market remains under strong pressure from supply side The global long steel products market is still under supply pressure with strong and agressive offers in terms of volumes and prices. Imbalance between scrap and iron ore prices closes faster than expected The imbalance between prices of iron ore and scrap has been closing as expected, but at a much faster rate. Lower scrap prices will benefit EAF-based producers and help them... Read More

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