Mexico to extend 15 percent duty on wire rod imports for six more months

Mexico’s economy secretariat, SE, will extend an existing 15 percent duty on certain steel imports for six more months, according to Mexican media citing the country’s economy secretary, Ildefonso Guajardo. The announcement was made this week by SE officials during a eeting with Canacero, Mexico’s steel association. The 15 percent duty is valid for certain steel imports for the countries Mexico does not have trade agreements with. The products... Read More

IREPAS in Budapest: Market players optimistic about outlook for steel

The 76th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Budapest, Hungary on March 26-28, 2017. There were 107 producer representatives among the 352 registered delegates from 40 different countries. There were also 58 registrations representing 35 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS said that the steel industry has once again succeeded in... Read More

Short Range Outlook : March 2017

Still improving supply-demand balance creates brighter picture in global longs market The supply-demand balance continues to improve in regions like the US, Europe and Asia, contributing to a brighter picture in the  global long steel products market. US market boosted by restocking and infrastructure spending expectations Demand has improved in the US as buyers have been restocking. In addition, President Trump’s promise to spend one trillion... Read More

US DOC announces preliminary antidumping margins in rebar trade case

On March 1, 2017, the US Department of Commerce (DOC) announced its affirmative preliminary determinations in the antidumping duty investigations of rebar imports from Japan, Taiwan, and Turkey and released preliminary dumping rates: The preliminary antidumping duty rates per country and company are as follows: Japan Jonan Steel Corporation : 209.46% Kyoei Steel Ltd. : 209.46% All Others : 209.46% Taiwan Power Steel Co. : 3.48% Lo-Toun Steel... Read More

US DOC announced preliminary CVD rates for Turkish rebar imports

The US Department of Commerce (DOC) today announced its affirmative preliminary determination in the countervailing duty (CVD) investigation of rebar imports from Turkey. The DOC calculated a preliminary subsidy rate of 3.47 percent for the mandatory respondent Habas and “all others,” although there are currently no Turkish rebar producers or exporters subject to it because the ongoing investigation only covers companies that were excluded from... Read More

The programme of the 76th IREPAS meeting

March 26th, Sunday 19:00 – 22:00      Welcome cocktail at Intercontinental Budapest March 27th, Monday 09:00 – 09:15      Welcome address by Chairman of IREPAS 09:15 – 10:15        SESSION ONE – Global economic outlook - Global economic developments and expectations Gergely Tardos, OTP Bank / Chief Economist Where is the European economy heading? Current situation and expactations for Chinese economy Prospects... Read More

Preliminary antidumping decision for rebar imports into Canada

The Canada Border Services Agency (CBSA) has announced its preliminary results concerning its antidumping duty investigation regarding certain concrete reinforcing bar originating or exported from Belarus, Taiwan, Hong Kong, Japan, Portugal and Spain. Accordingly, the CBSA calculated preliminary antidumping duties ranging from one percent to 109.2 percent for the six locations. Provisional duties are now payable on the subject goods that are released... Read More

US ITC voted to continue investigation on rebar imports from Japan, Taiwan and Turkey

The United States International Trade Commission (US ITC) determined on November 3rd that there is a reasonable indication that the US industry is materially injured by reason of imports of steel concrete reinforcing bars from Japan, Taiwan, and Turkey that are allegedly sold in the United States at less than fair value and subsidized by the government of Turkey. All six Commissioners voted in the affirmative. As a result of the ITC’s affirmative... Read More

Canada will move forward with antidumping case against rebar from six countries

The Canadian International Trade Tribunal today determined that there is a reasonable indication that the alleged injurious dumping of certain concrete reinforcing bar originating or exported from the Belarus, Taiwan, Hong Kong, Japan, Portugal and Spain has caused injury or is threatening to cause injury to the domestic industry. The Tribunal’s preliminary injury inquiry was conducted pursuant to subsection 34(2) of the Special Import Measures... Read More

US rebar coalition files AD/CVD petition against imports from Turkey, Japan and Taiwan

The Rebar Trade Action Coalition (RTAC), a coalition of US rebar producers, filed petitions asking the US Department of Commerce and the International Trade Commission to conduct antidumping investigations into imports of rebar from Japan, Taiwan, and Turkey , and a countervailing duty investigation into imports of rebar from Turkey. The petitions demonstrate that Japanese, Taiwanese, and Turkish rebar producers are dumping their product into the... Read More

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