Short Range Outlook : July 2024
Lack of Chinese government action could cause great damage to global longs industry The supply and demand balance in the global long steel products market is becoming more unstable, with China now actively moving steel billets at the lowest prices. Finished products from China continue to dominate most markets, both in the long and flat segments. Even though there is a lot of material... Read More
Turkey extends temporary safeguard measure on wire rod imports for three years
Turkey, having announced a temporary safeguard protection measure on alloyed and non-alloyed wire rod imports at the beginning of this year, has decided to extend the measure for another three years. As a result of minor changes made in the decision, wire rod importers will be subject to a tax liability of $175/mt during June 15, 2024-January 6, 2025; $170/mt during January 7,... Read More
Canada issues preliminary antidumping margins on wire rod imports from three countries
The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping (AD) duty investigation against certain wire rod from China, Egypt and Vietnam. The estimated dumping margins are as follows: China : 50.9 percent and 71.1 percent Egypt : 49.7 percent and 99.8 percent Vietnam : 6.1 percent, 18.3 percent, 38.9 percent The products subject to... Read More
US issues preliminary antidumping review results on wire rod from S. Korea’s POSCO
The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on carbon and certain alloy steel wire rod from South Korea-based POSCO. During the review period from May 1, 2022, to April 30, 2023, South Korean producer POSCO was found to have made sales of the subject products at less than normal value. The DOC... Read More
Short Range Outlook : June 2024
Gloom persists in global longs market, no sign yet of corner being turned Demand in the global long steel products market continues to lag behind supply and the bottom of the market may not have been seen yet. The steel volumes being produced and being consumed are not growing. On the contrary, they are down in most regions. A lot depends on China Everyone one is expecting some... Read More
EU extends steel safeguard measures for another two years, technical adjustments made for wire rods
The European Commission has announced that it has decided to extend the safeguard measures on imports of 26 steel products for another two years until June 30, 2026, finding that the safeguard measure continues to be necessary to prevent serious injury. Without the extension, the current quota measures would expire on June 30, 2024. There are also some technical adjustments to the... Read More
US DOC removes Section 232 exemptions for six steel products
The Bureau of Industry and Security of the US Department of Commerce (DOC) has published a final rule that revises the Section 232 exclusion process for steel and aluminum imports discussed in the five previous interim final rules. Accordingly, the DOC has lifted Section 232 import duty exemptions for 12 products including six steel and six aluminum products by removing the products... Read More
The 91st IREPAS meeting will be held in Paris, France
The 91st IREPAS meeting will be held on September 15-17, 2024 in Paris, France in conjunction with the SteelOrbis Fall’24 Conference. Details will be announced later. Read More
US to raise tariffs on Chinese steel products to 25 percent
In a statement from the White House, US President Joe Biden has announced that existing 0-7.5 percent import duties on Chinese steel products under the Section 301 tariffs will be increased to 25 percent this year. The decision, which was made following a review by the US Trade Representative, is designed to encourage China, the largest contributor to the global steel overcapacity... Read More
US issues final antidumping margins for rebar imports from Mexico
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on reinforcing bar imports from Mexico for the period between November 1, 2021, and October 31, 2022. Accordingly, the US DOC has determined that Mexican producers’ sales of the subject goods to the US were made below normal value during the period... Read More