Argentina imposes 12 percent tariff on all exports, including steel

The Argentinian government has imposed a tariff on all exports, including steel products, according to a notice published this week at the country’s official gazette. The move aims to help Argentina meet its fiscal goals, following an increased devaluation of the Argentinian Peso (ARS) devaluation and a high public deficit. Argentina imposed a 12 percent tariff over “all products included in the Mercosur HTS codes.” Argentina said the tariff... Read More

The program of the 79th meeting in Istanbul

Day 1: Sunday, September 16, 2018 19:00 – 22:00                        Welcome cocktail at The Grand Tarabya Hotel Day 2: Monday, September 17, 2018 09:00 – 09:15                        Welcome address by Chairman of IREPAS 09:15 – 10:15                          SESSION ONE – Global economic outlook -  The Future of The World Economy: The Eagle, The Tiger... Read More

US doubles the tariffs on Turkish steel imports

The US President Donald Trump tweeted on Friday August the 10th that he has just authorized to double tariffs on Turkish steel imports. His tweet reads: “I have just authorized a doubling of tariffs on steel and aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong dollar! Aluminum will now be 20 percent and steel 50 percent. Our relations with Turkey are not good at this time!” US... 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

EU imposes provisional safeguard measures on 23 steel product categories

The European Commission has announced that it has decided to impose provisional safeguard measures on 23 steel product categories, including reinforcing bars, hot rolled products and steel pipes, in the form of a 25 percent out-of-quota tariff. The provisional measures will be applied for 200 calendar days beginning from July 19. The commission has preliminarily decided that the EU steel industry is in a situation of threat of serious injury for the... 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

Turkey has launched a safeguard investigation on certain steel products

According to a statement from the Turkish Ministry of Economy, Turkey has launched a safeguard investigation on imports of certain steel products to determine if these imports harm or threaten to harm domestic steel producers. Products subject to the investigation include certain flat, long, pipe and hollow sections, railway and tram line components and stainless flat steel products. The product scope of the investigation may change pertaining to... Read More

Short Range Outlook : April 2018

Confusion and uncertainty reign in global long products market There is obvious confusion and uncertainty in the global long steel products market triggered by the announcement of new tariffs on steel imports by President Trump as a result of the Section 232 investigation in the US, the subsequent exemptions from these tariffs, and the resulting safeguard investigation announced in the EU. Major exporters to the US – Canada, Mexico, Brazil,... Read More

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