85th IREPAS meeting : Markets have never been better, great time to be in steel business

The  85th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held as a virtual event to ensure the health and well-being of all participants, on October 18, 2021 in conjunction with the SteelOrbis Fall’21 Conference. There were 223 producer representatives among the 918 registered delegates from a total of 70 different countries. There were also 69 registrations representing 31 different raw material suppliers. At... Read More

Short Range Outlook : September 2021

Supply and demand balancing out in global longs market, freight still incredibly high In the global long steel products market, there are signs that supply has caught up with demand and that the supply-demand balance is becoming more neutral. The market seems to be getting back to normal in terms of lead times, prices, etc. We are now in a period where things have to get back to normal, which in fact may be different from where it all started. A price... Read More

Short Range Outlook : July 2021

Global longs market still positive overall despite logistical costs and delays Overall, the global long steel products market still looks positive, supported by strong demand, even though business has become more difficult due to higher logistical costs and time delays in getting goods from one place to another. Exporters are all under pressure due to the increase in freight costs. Container shipments are also very problematic. The only steel moving... Read More

US updates antidumping duty rates on Turkish origin rebars

The US Department of Commerce (DOC) has announced the final result of its administrative review of the antidumping duty (AD) order on reinforcing bar from Turkey. During the review period from July 1, 2018, to June 30, 2019, producers from Turkey were found to have made sales of reinforcing bars at less than normal value. Accordingly, the DOC has determined the following weighted-average dumping margins: ICDAS – 5.30 percent Kaptan Demir –... Read More

Short Range Outlook : May 2021

Global longs producers hold whip hand amid strong demand, short supply, rising prices Demand in the global long steel products market has continued to increase recently, and particularly demand in China and developed economies continues to push the market up. At the same time, international supply has tightened even further. Most mills are offering a few months ahead, thereby contributing to upward movement of prices. There are imbalances in rebar... Read More

Short Range Outlook : April 2021

Producers dominate in global longs market, outlook appears very positive Lead times are longer than ever in the global long steel products market and there is still strong demand, encouraging mills to continue increasing their prices. The situation has certainly become better from the producers’ point of view. They are all making money and their lead times are elongated. Shortages of material keeps prices and margins high It was somewhat surprising... Read More

Preliminary result of countervailing duty review on rebar from Turkey to the US

The US Department of Commerce (DOC) has announced the affirmative preliminary results of its administrative review of the countervailing duty (CVD) order on reinforcing bars imported from Turkey. Accordingly, the DOC has preliminarily determined that; Kaptan Demir Celik, Colakoglu Dis Ticaret A.S., and Colakoglu Metalürji A.S. received a countervailable subsidy rate at 2.55 percent, while Icdas Celik Enerji Tersane ve Ulasim Sanayi A.S. received... Read More

US DOC issues preliminary review results for reinforcing bars from Turkey

The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on steel concrete reinforcing bar from Turkey. During the review period from July 1, 2018, to June 30, 2019, Turkish rebar producers were found to have made sales of rebar at less than normal value. Accordingly, the DOC has calculated the following weighted-average dumping margins: Icdas                ... Read More

Short Range Outlook : November 2020

Global longs market becomes even more regionalized amid widespread protectionism The global long steel products market is becoming even more regionalized. All the safeguard measures, tariffs and antidumping and countervailing cases are reducing the global exchange of products more and more. The Covid-19 pandemic gives producers in certain markets the pretext to lobby their governments with even more arguments to get their domestic markets protected... Read More

EU reduces import quota volumes after UK’s inclusion in quota regime

The European Commission, which has now included the UK among the countries that are subject to import quotas for steel products, has also reduced the existing quota volumes for other countries which were already under the quota scheme. The reduced quotas will be in force as of January 1, 2021, and so in the two last quarters under the quota regime the countries will have less opportunity to export to the EU. The EC said that the changes in quota volumes... Read More

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