Short Range Outlook : May 2020

Impact of Covid-19 starts to hit home across the global long steel market The supply and demand situation in the global long steel products market has deteriorated as global economies are doing much worse today thanks to protectionist measures and the Covid-19 pandemic. There is oversupply of almost everything, except those items that suddenly end up being in short supply due to impacts on the supply chain. This does not include ‘shortages’ that... Read More

US revises dumping margins on imports of Turkish origin rebar

The US Department of Commerce has announced the final results of its administrative review of the antidumping duty against rebar imports from Turkey. Accordingly, the dumping margins for Turkish exporters ICDAS, Kaptan, Colakoglu and HABAS have been revised to zero. The review covered the period between March 7, 2017 and June 30, 2018. The cash deposit rate for all other producers or exporters will continue to be 7.26 percent  Read More

US DOC raises preliminary antidumping duty rates for Mexican rebar

The US Department of Commerce (DOC) announced new preliminary antidumping duties against reinforcing bar imports from Mexico after an administrative review. During the review period of Nov. 1, 2017 to Oct. 31, 2018, Mexican reinforcing bar producers Deacero and Grupo Simec were found to have made sales of reinforcing bar at less than normal value. As such, the DOC has issued higher preliminary dumping margins for both companies, along with all other... Read More

US DOC initiates circumvention inquiry into Mexican rebar

The US Department of Commerce announced the initiation of a circumvention inquiry into imports of steel concrete reinforcing steel bar from Mexico, to determine if imports of reinforcing bars that are bent at one or both ends circumvent the existing antidumping duty (AD) and countervailing duty (CVD) orders. In 2018, imports of reinforcing bars from Mexico were valued at an estimated $51 million. The inquiry was initiated in response to requests from... Read More

US to impose five percent tariff on all Mexican goods as of June 10

According to a White House statement, US President Donald Trump has said that, starting on June 10, the United States will impose a five percent tariff on all goods imported from Mexico. He added that this tariff will be increased up to 25 percent in the coming period if Mexico does not take action to dramatically reduce or eliminate the number of illegal aliens crossing its territory into the US. The White House statement indicated that, if the illegal... Read More

Canada and Mexico officially lift retaliatory tariffs against the US

According to multiple news reports, Canada and Mexico on Monday lifted retaliatory tariffs on US goods, including steel,  aluminum, whiskey and beef, after the US lifted on Friday Section 232 tariffs on steel and aluminum imports from the two countries. All three countries are currently working on ratifying the new USMCA trade deal. Canada and Mexico had both insisted previously that the tariffs be lifted before the trade deal was implemented.  Read More

US reduces tariffs on Turkey to 25 percent

The White House has announced that the 50 percent duty on Turkish steel imports has been halved to 25 percent as of May 17. In a statement, the administration said that since the implementation of the higher tariff, steel imports from Turkey declined 48 percent in 2018, “with the result that the domestic industry’s capacity utilization has improved at this point to approximately the target level recommended” in the initial DOC report... Read More

Short Range Outlook : March 2019

Positive mood prevails in global long steel products market despite virus of protectionism The global long steel products market is currently in a positive mood amid good demand worldwide. Had there not been protectionist actions like additional tariffs, quotas or safeguard measures, the global business scenario would be much better. Protectionism is like a virus, expanding and hurting the international trade environment as we knew it. Canada and... Read More

Short Range Outlook : February 2019

Price levels improve in global long steel products market despite uncertainties Prices in the global long steel products market are better compared to our last report, though there is a certain degree of uncertainty regarding how sustainable the current price levels are. The situation has gotten worse generally in terms of demand and supply, as there seems to be a general worsening of expectations and the numbers coming in do not bode well. Brazilian... Read More

US DOC claims Deacero circumvented wire rod exports to the US

The US Department of Commerce announced Friday that Mexican steelmaker Deacero has circumvented exports of carbon and certain alloy steel wire rod. According to the US Department of Commerce, Deacero’s exports of the product with actual diameters less than 4.75 mm both produced or exported by Deacero S.A.P.I. de C.V are “circumventing the antidumping (AD) duty order on wire rod from Mexico.” As a result of Deacero’s circumvention practices,... Read More

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