US updates antidumping duty rates on Turkish origin rebars
The US Department of Commerce (DOC) has announced the final result of its administrative review of the antidumping duty (AD) order on reinforcing bar from Turkey. During the review period from July 1, 2018, to June 30, 2019, producers from Turkey were found to have made sales of reinforcing bars at less than normal value. Accordingly, the DOC has determined the following weighted-average... Read More
Ukraine extends export duty on ferrous scrap for next five years
On May 14th, Ukrainian president Mr Zelensky signed the law extending the duty on the export of ferrous scrap for the next five years, effective from May 15, 2021, to September 15, 2026. “This document extends the period of validity of the export duty rate of €58/mt for waste and scrap of ferrous metals for five years – until September 15, 2026. Such conditions have... Read More
Canada issues final antidumping duty decisions for rebar imports from seven countries
The Canada Border Services Agency (CBSA) has announced that it has made a final determination regarding the antidumping duty (AD) investigation on certain rebar from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam. The investigation was initiated in September 2020, after a complaint filed by domestic steelmakers AltaSteel Inc., ArcelorMittal Long Products Canada... Read More
Short Range Outlook : May 2021
Global longs producers hold whip hand amid strong demand, short supply, rising prices Demand in the global long steel products market has continued to increase recently, and particularly demand in China and developed economies continues to push the market up. At the same time, international supply has tightened even further. Most mills are offering a few months ahead, thereby contributing... Read More
Ukraine extends export duty on ferrous scrap
The Ukrainian government has decided to extend the duty on the export of ferrous scrap for the next five years. Accordingly, on April 27 the Ukrainian parliament welcomed and expressed its full support for a five-year extension of the duty on the export of ferrous scrap at the current level, i.e. at €58/mt. Read More
China to remove export tax rebates on 146 steel products including rebar and wire rods
China has decided to lift the export tax rebates on 146 kinds of steel products as of May 1, according to an announcement issued on April 28 by the Customs Tariff Commission of China’s State Council. The 146 products include reinforcing bars, wire rods and profiles along with HRC, HR sheet and plate, stainless steel products and some kinds of pipes. The first four digits of the... Read More
Australia maintains antidumping duty on rebar imports from China
Australia’s Antidumping Commission has announced that it has decided to maintain the antidumping (AD) duty on rebar imported from China for another five years until April 13, 2026. The sunset review was initiated on July 10, 2020, for the period from July 1, 2019 to June 30, 2020. The existing antidumping duty on rebar up to 50 mm diameter from China was imposed in 2016 at 19... Read More
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... 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... 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,... Read More