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

US and South Korea sign new free trade deal, including quotas for US steel imports

According to news reports, the United States and South Korea signed a revised free-trade deal. The US-Korea Free Trade Agreement (KORUS) reportedly addresses many trade issues faced by US exporters, mainly automotive producers. The new KORUS also limits steel and aluminum imports from South Korea. According to the agreement, the United States will impose a 10 percent tariff on aluminum imports. Steel, however, will be subject to a product-specific... 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

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

US DOC issues first exclusions from Section 232 tariffs on steel imports

The US Department of Commerce (US DOC) has announced that its Bureau of Industry and Security (BIS) has begun granting its first product exclusions from the Section 232 tariffs on imports of steel. The US DOC stated that seven different US companies importing steel products from Japan, Sweden, Belgium, Germany and China have been excluded from the 25 percent additional duties on steel imports. The companies receiving the exclusions are as follows: Schick... Read More

No deal: US puts tariffs on steel and aluminum imports from EU, Canada and Mexico

US commerce secretary Wilbur Ross has said that a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the EU, Canada and Mexico will go into effect at midnight, June 1. In March, the US imposed 25 percent duty on steel imports, while granting exemptions to the EU and some other countries until May 1, before later extending the deadline until June 1. Canada, Mexico, and the European Union have already vowed to retaliate... 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

Decision on Section 232 exemptions delayed until June 1

U.S. President Trump will reportedly delay the decision whether to impose steel and aluminum tariffs on countries currently exempted from the Section 232 tariffs until June 1. The administration is expected to finalize deals with the European Union, Canada and Mexico, while reaching “agreements in principle” with Australia, Argentina and Brazil. The details of those agreements will be finalized in the next 30 days.  Read More

US DOC announced final decision on CVD review for Turkish rebar

The US Department of Commerce has announced final results of the administrative review on the countervailing duties (CVD) on Turkish rebar imports which were imposed in September 2014. The review covered the period between January 1, 2015 and December 31, 2015. Colakoğlu Metalurji and Icdas did not receive countervailable subsidies during the period of review, while the review for Agir Haddecilik and Habas was terminated as there were no entries... Read More

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