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
83rd IREPAS meeting : Global long steel demand more or less same as before pandemic
The 83rd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held as a virtual event to ensure the health and well-being of all participants, on September 21, 2020 in conjunction with the SteelOrbis Fall’20 Conference. There were 205 producer representatives among the 627 registered delegates from a total of 53 different countries. There were also 73 registrations representing 35 different raw material suppliers. At... Read More
Short Range Outlook : September 2020
Global longs market driven by signals from China, sees greater regionalization The situation in the global long steel products market has not changed much since last month. Almost the whole market is driven by daily news and signals from China. It seems that, apart from China, there seems to be a smaller other global market. Buyers and producers are acting more regionally due to the Covid-19 coronavirus pandemic and safeguard measures. The overall... Read More
US ITC votes to maintain AD/CVD orders on wire rod from five countries
As a result of the US ITC’s affirmative determinations, the existing orders on imports of this product from Brazil, Indonesia, Mexico, Moldova, and Trinidad and Tobago will remain in place. Read More
US Court of International Trade ruled the additional tariffs on Turkish exports unconstitutional
The US Court of International Trade has ruled that the additional tariffs (additional 25 per cent) imposed by US President Donald Trump on Turkish steel exports are unconstitutional. Following the court’s decision, Turkish steel exporters are preparing to claim compensation for the damages that Trump’s ruling has caused them. Read More
Short Range Outlook : July 2020
Global longs demand not as bad as reported, some mills more fortunate than others The situation in the global long steel products market has not changed much since last month. There has been a reduction in both supply and demand around the world, except in China where output keeps growing. Demand in the global long steel products market is indeed not as bad as the newspapers and media outlets report. However, the mills operating at more than 60 percent... Read More
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
Short Range Outlook : April 2020
Predictions for global longs market very difficult amid unprecedented virus impact It has become extremely difficult to predict the supply and demand situation in the global long steel products market. The impact of the Covid-19 coronavirus pandemic on overall economic situations or conditions in countries and regions will be at different levels, which might change the dynamics of steel demand and production separately. Regionalization of markets... 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
Short Range Outlook : February 2020
Surplus supply and inadequate demand in global longs market There is still a surplus of supply and not enough demand in the global long steel products market. The profitability and margins of steel producers vary greatly between regions amid several factors such as the coronavirus outbreak and/or geopolitical issues like recent announcements relating to Israel/Palestine and Libya creating uncertainties for the future. Full impact of coronavirus in... Read More