IREPAS in Athens: Global longs market in much better shape compared to 2016, but China needs to be watched

The 77th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Athens, Greece on September 24-26, 2017. There were 134 producer representatives among the 433 registered delegates from 44 different countries. There were also 76 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS, said he believed the outlook for the next quarter is very... Read More

Short Range Outlook – September 2017

Further improvements in global long steel market amid lack of pressure from China Demand in the global long steel products market is good and has even been increasing slightly in almost all markets as there is no pressure from China on the international market. Strong domestic steel consumption in China reduces prospects for Chinese exports Some months ago, the consensus of steel sector analysts was that steel demand in China would decrease during... Read More

US DOC issues affirmative preliminary CVD rates for wire rod from Italy and Turkey

The US Department of Commerce (US DOC) announced the affirmative preliminary determinations in the countervailing duty (CVD) investigations of carbon and alloy steel wire rod, finding that exporters of subject merchandise from Italy and Turkey received countervailable subsidies. The petitioners are Gerdau Ameristeel US, Inc., Nucor, Keystone Consolidated Industries, and Charter Steel. In the Italy CVD investigation, the US DOC calculated the following... Read More

Short Range Outlook : August 2017

Good demand in global long steel products market backed by reasonable growth Demand in the global long steel products market is good and steady as reasonable growth is seen to be globally providing support for steel consumption. Chinese steel exports at 2014 levels playing huge role in global supply-demand balance Chinese steel exports are down to 2014 levels after having been considerably higher for the past three years. Obviously the reduced supply... Read More

US DOC revised final margins for rebar imports from Turkey

The US Department of Commerce (DOC) has announced that it has revised the final dumping and subsidy margins and cash deposit rates imposed on reinforcing bar imports from Turkey based on affirmative final determinations by the DOC and the US International Trade Administration (ITC). The DOC stated that it is amending its affirmative final determination for Turkey to correct ministerial errors. Accordingly, the new final dumping margins range between... Read More

Short Range Outlook : July 2017

Threat of new trade measures weighs on global long products market The threat of new trade measures in the US and of a counterreaction by the EU is weighing on all market players. The G20 summit will show us how the US administration and President Trump will move forward – whether he will prefer to continue with confrontation and the blockage of imports or whether he will soften his stance and come to a mutual agreement. Will the US become ‘an... Read More

US ITC confirms US DOC margins on rebar imports from Turkey and Japan

The United States International Trade Commission (US ITC) determined that the US industry is materially injured by reason of imports of steel concrete reinforcing bar from Japan and Turkey that the US Department of Commerce (DOC) has determined are sold in the United States at less than fair value and subsidized by the government of Turkey. Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson, Meredith... Read More

Turkey to lower import duty on reinforcing bar from 30 percent to 10 percent

Turkish economy minister Nihat Zeybekci has stated that the import duty on reinforcing bar will be reduced to 10 percent from the current level of 30 percent, adding that the Turkish cabinet of ministers’ decision will be announced officially soon, according to a reports at Turkish press.  Read More

Egypt announced temporary antidumping duties on rebar imports from Turkey, Ukraine, and China

Egypt’s Ministry of Industry and Trade has announced the results of its antidumping duty investigation regarding imports of reinforcing bar from Turkey, Ukraine and China. Accordingly, for a period of four months, the ministry has calculated antidumping duties ranging between 10 percent and 19 percent for Turkey, between 15 percent and 27 percent for Ukraine and standing at 17 percent for China. The ministry has also suspended the imposition of... Read More

Short Range Outlook : June 2017

Exporting countries under pressure amid protectionism and increased capacities in traditional import markets The supply-demand balance in the global long steel products market has been worsening over the last few weeks. Protective actions such as antidumping and countervailing duty (CVD) cases and import taxes, coupled with increasing capacities in some traditional import markets, have put export-dependent countries in a difficult situation. Protective... Read More

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