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
US DOC lowers antidumping duty on wire rod imports from POSCO
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping duty order on carbon and alloy steel wire rod imported from South Korean steel producer POSCO for the period between October 31, 2017 and April 30, 2019. Accordingly, the US DOC has determined that POSCO’s sales of the subject goods were made below normal value during the period of review and calculated weighted average dumping margins... 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
Short Range Outlook : March 2021
Spring brings generally bright prospects for global long steel market The current situation and sentiments are generally very good in the global long steel products market. Order books are mostly filled to above average levels. The holiday season is over, winter in the northern hemisphere is coming to an end and vaccinations are progressing. These factors as well as stimulus activities, a will to return to normal, and strong investments are all strong... Read More
Short Range Outlook : February 2021
Sentiment improves in global longs market, concerns remain for February and March Despite some very good margins for December, the global long steel products market is facing more concerns for February and March. China did increase its presence in the export markets and did enter at prices comparable to other sources, but ended up lowering its prices quite quickly. In the current global market circumstances, sentiment is better and so a return to... Read More
Short Range Outlook : January 2021
Short supply in global longs market, full impact of vaccines remains to be seen Supply is still on the short side in the global long steel products market and this situation will probably not change until the second quarter. Chinese demand for raw materials and semi-finished products has been providing the main boost to the markets. As vaccines have started to be released, depleted supply chains have to be replenished, with plans being made for stronger... Read More
Short Range Outlook : December 2020
Global longs market gradually scrabbling back towards normalization The global long steel products market is gradually scrabbling back towards normalization. As effective vaccines are being rolled out, the markets are realizing that we are returning to normal. Business is flourishing. Supply chains are currently restocking and orders are solid, while production levels are not keeping up. Much better situation prevails now in terms of market prices The... 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
US DOC issues final results of antidumping review on certain reinforcing bars from Taiwan
The US Department of Commerce (DOC) has announced its final results of the administrative review of antidumping (AD) on imports of steel concrete reinforcing bar from Taiwan. As a result of the review on antidumping duties, the DOC has determined that Taiwan-based Power Steel Co. Ltd made sales of steel concrete reinforcing bar in the US at less than normal value during the period of review, March 7, 2017, through September 30, 2018. The DOC calculated... Read More