Egypt starts antidumping investigation on wire rod imports from China, Turkey and Ukraine

According to market players, Egypt has launched an antidumping duty investigation against wire rod imports from China, Turkey and Ukraine, upon a request from domestic steel producers. Egypt also recently initiated an antidumping duty investigation against reinforcing bar imports from the countries in question.  Read More

Egypt launches antidumping investigation against rebar imports from Turkey, Ukraine and China

According to media reports Egypt has initiated an antidumping duty investigation against reinforcing bar imports from Turkey, Ukraine and China. The Egyptian authorities have requested the importers to submit their import data for the last three years within 30 days.  Read More

Mexico extends CVD on Ukrainian wire rod imports for five more years

Mexico’s economy secretariat, SE, has extended existing definite countervailing duties (CVD) already applied to the imports of non-alloyed wire rod from Ukraine, it said on Friday. According to SE, it found sufficient elements to determine that eliminating existing CVD over the imports of the product from Ukraine would result in the “repetition” of what it labeled as “unfair practices.” SE said the CVD was extended for five more years counting... Read More

Ukraine raises export duty on scrap to €30/mt for one year

The Ukrainian parliament (Verkhovna Rada) has increased export duties on scrap from €10/mt to €30/mt for one year effective from July 12, and has also cancelled the export quotas for scrap, according to media sources. Earlier this year, Ukrainian president Petro Poroshenko vetoed the previous draft law to increase Ukraine’s export duty on scrap for three years, stating that that the duty is not in compliance with the provisions of the association... Read More

EEC imposes antidumping duty on rebar imports from Ukraine

The Eurasian Economic Commission (EEC), the executive body of the Eurasian Economic Union (EEU) which includes Belarus, Kazakhstan, Russia and Armenia, has announced that it has decided to impose antidumping duty on rebar imports from Ukraine. The investigation was launched in November 2013. The duty rates are announced as follows: Enakievskiy Steel Mill                         : 10.11 percent ArcelorMittal Kryvyi Rih                    :  9.32... Read More

Ukraine hikes scrap export tax for three years

The Ukrainian parliament has announced that it has approved a law to increase the export tax on scrap, including stainless scrap, from €10/mt to €35/mt for three years. Meanwhile, as of March 23, 250 exporters applied to Ukraine’s Ministry of Economic Development and Trade for scrap export licenses for a total of 3.8 million mt, while only 152 exporters were permitted to export a total of 303,625 mt of scrap for two months. Three exporters received... Read More

IREPAS in Rome: Participants agree prices are close to the bottom

The 73rd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Rome, Italy on October 4-6, 2015. There were 84 producer representatives among the 284 registered delegates from 35 different countries. There were also 30 registrations representing 22 different raw material suppliers. IREPAS chairman Kim Marti stated during his opening address that the main challenges the long products industry is facing are overcapacity... Read More

Mexico reviews duties on Ukrainian imports of wire rod

In the same week it announced antidumping duties on imports of Chinese graphite electrodes for electric arc furnaces and commenced investigations on wire rod imports from China, Mexico’s economy secretariat, SE, said it will review existing countervailing duties applied on imports of wire rod from Ukraine. SE said the 41 percent countervailing duties that were applied for the imports of wire rod from Ukraine will continue being applied while it... Read More

Short Range Outlook : January 2015

Lull in markets due to holiday period The global long steel products market has been quiet recently mostly because of the holidays in many countries, with business volumes shrinking to low levels. The market situation has deteriorated with strong and agressive offers in terms of volumes and prices, with demand stagnating. Many consumers of deformed reinforcing bars are squeezed by low prices and strong pressure from the construction side. What will... Read More

Short Range Outlook : December 2014

Oversupply still evident Oversupply has been evident in the global long steel market from September up to the end of November, slowing down demand, putting pressure on the market and pushing prices downwards. However, outputs are being reduced in certain areas and demand in the global long steel products market is now at reasonable levels although purchasing processes in general have been delayed or even fragmented due to the general price downtrend.... Read More

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