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

EU announces import steel quota volumes for UK

The European Commission (EC) has announced the imposition of definitive safeguard measures on imports of certain steel products from the UK, as they will not be in the same trading area with the UK after Brexit. Without this specific quota for the UK, the UK steel sector could have faced a £80 million bill from EU steel safeguard tariffs in the first half of 2021, UK Steel and Steel Trade Union Community stated. The UK will be subject to a 25 percent... Read More

Short Range Outlook : January 2020

Global longs market appears in better shape, with sentiment also improving The global long steel products market is surely in a better shape today although we have yet to emerge from a slow-activity period due to the holidays in Europe and around the globe. However, real sentiment in the market is pretty positive, especially after the announcement that a trade deal between the US and China will be signed. That said, we have to keep in mind the possibility... Read More

Short Range Outlook : December 2019

Tight margins and cautious sentiment in global longs market despite output cuts at BFs There is still no clarity and no sign of economic recovery around the globe. Nevertheless, European and US production cuts at blast furnaces for extended periods have given much needed relief to the rest of the steel industry. The global long steel products market is picking up due to the production cuts, as anticipated. However, there may not be a considerable... Read More

US amends final AD/CVD decision on wire rod imports from Turkey, Spain

The US Department of Commerce (US DOC) has announced that, with respect to its final determinations in the antidumping duty investigations of imports of carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey and the UK and countervailing duty investigations of the same imports from Italy and Turkey, to correct ministerial errors, it has amended the final antidumping duty rates for Turkey and Spain and the countervailing duty rates... Read More

US ITC rules that wire rod from five countries injures the US steel industry

The United States International Trade Commission (US ITC) today determined that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from Italy, Korea, Spain, Turkey, and the United Kingdom that the US Department of Commerce (US DOC) has determined are sold in the United States at less than fair value and subsidized by the governments of Italy and Turkey. As a result of the ITC’s affirmative determinations,... Read More

Temporary exemptions to Section 232 tariffs will expire May 1

A report issued late Thursday by US Customs and Border Protection indicates that the temporary exclusions for US steel tariffs under Section 232 will expire as of May 1. Starting that day, all countries of origin will be subject to the 25 percent tariff on US steel imports. The tariffs are effective with respect to goods entered, or withdrawn from warehouse for consumption, on or after March 23, 2018. Countries with temporary exclusions to the tariffs... Read More

US DOC issues final AD/CVD decisions for wire rod imports from five countries

The US Department of Commerce (DOC) has announced its final determinations in the antidumping duty investigations of imports of carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey and the UK and countervailing duty investigations of the same imports from Italy and Turkey. Antidumping duty rates are as follows: Italy Ferriere Nord S.p.A.                    : 12.41% Ferriera Valsider S.p.A.             ... Read More

Mexico lifts CVD on graphite electrode imports from China and UK

Mexico’s Ministry of Economy has announced that it has lifted the definitive countervailing duties (CVD) on the imports of graphite electrodes for electric arc furnaces (EAFs) from China and the UK. The duties were first imposed in September 2015. CVD rates for Chinese producers/exporters were as follows: M. Brashem Inc                               : 38% Jilin Carbon                                     ... Read More

US DOC revises preliminary antidumping duty rate on wire rod imports from South Korea

The US Department of Commerce (US DOC) has announced that it has amended the preliminary antidumping duty decision regarding the antidumping investigation on imports of carbon and alloy steel wire rod from Italy, South Korea, South Africa, Spain, Turkey, Ukraine, and the United Kingdom, upon a complaint lodged by US-based companies Gerdau Ameristeel US Inc., Keystone Consolidated Industries, Inc., and Charter Steel, alleging that the US DOC made a... Read More

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