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

Short Range Outlook : October 2018

Global long steel market still in equilibrium though regional differences observed The  global long steel products market still seems to be in equilibrium in terms of supply and demand. However, the steel trade is becoming more and more regional and so different supply and demand situations may be observed in various regions. Accordingly, although the overall market is generally stable, there are fluctuations seen in certain regions. Sharp increase... Read More

Turkey approves provisional safeguard measures

According to Turkey’s Official Gazette, President Erdogan has approved the proposal to impose import quotas on certain steel products and also to impose 25 percent duty if the quotas are exceeded. The provisional safeguard measures will be in place for 200 days. The measures will come into force 15 days after the publication of the notice (October 2). Products to be subject to the provisional safeguard measures are flat steel products, long steel... Read More

Turkey imposes provisional import measures on certain steel products

According to a notice issued by the Turkish Ministry of Trade, Turkey has set import quotas for certain steel products and will collect a 25 percent import duty if the quota is exceeded. The measures will be in place for 200 days from September 20 onwards. Products to be subject to the provisional safeguard measures are flat steel products, long steel products, pipes and hollow sections, stainless steel and steel products for railways. On the other... Read More

IREPAS in Istanbul: All eyes on protectionist measures as IREPAS celebrates its 35th anniversary with record attendance

The 79th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 16-18, 2018. There were 139 producer representatives among the record 519 registered delegates from a total of 52 different countries. There were also 84 registrations representing 45 different raw material suppliers. At the opening of the conference which celebrated the 35th year of this bi-annual meeting, Murat Cebecioglu,... Read More

The program of the 79th meeting in Istanbul

Day 1: Sunday, September 16, 2018 19:00 – 22:00                        Welcome cocktail at The Grand Tarabya Hotel Day 2: Monday, September 17, 2018 09:00 – 09:15                        Welcome address by Chairman of IREPAS 09:15 – 10:15                          SESSION ONE – Global economic outlook -  The Future of The World Economy: The Eagle, The Tiger... Read More

US doubles the tariffs on Turkish steel imports

The US President Donald Trump tweeted on Friday August the 10th that he has just authorized to double tariffs on Turkish steel imports. His tweet reads: “I have just authorized a doubling of tariffs on steel and aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong dollar! Aluminum will now be 20 percent and steel 50 percent. Our relations with Turkey are not good at this time!” US... Read More

Short Range Outlook : August 2018

Global long steel market currently in equilibrium, though world steel output is on the rise The global long steel products market seems to be in equilibrium at present, with slightly higher freight rates. World steel production is up by six percent, while this situation needs to be monitored. If this continues to be the case for another year or so, we might experience disturbance in the supply-and-demand balance in certain areas. International business... Read More

Retroactive antidumping duties on rebar imports to Canada from Turkey

The Canada Border Services Agency (CBSA) announced on July 24th, retroactive assessments of anti-dumping duty on importations of steel reinforcing bars from Turkey under the Special Import Measures Act (SIMA). On July 18, 2018, the CBSA issued assessments of anti-dumping duty against two importations of steel reinforcing bar from Turkey that arrived in Canada in 2017. The total amount of anti-dumping duty retroactively assessed by the CBSA was over... Read More

Short Range Outlook : July 2018

Global long steel products market impacted more and more by protectionism, though demand performs well The global long steel products market is feeling the effects of protectionism more and more every day. Canada has started another investigation on imports, the third within a period of only 12 months. The EU is expected to announce quotas based on the average import volumes of the preceding three years, as a result of its safeguard investigation.... Read More

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