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,... Read More
Agenda and registration for the 84th IREPAS meeting
As announced before the 84th IREPAS meeting will go virtual on March 15th to ensure the health and well-being of all participants. The attendees of the virtual meeting will be able to watch the global long steel market presentation by Mr Alex Gordienko of Celsa and the panel discussion involving the chairmen of the IREPAS committees. The online event will also be an interactive... Read More
Canada issues preliminary antidumping margins on rebar from seven countries
The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping (AD) duty investigation against certain concrete reinforcing bar imports from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam. The investigation was initiated in September 2020, after a complaint filed by the below domestic steelmakers AltaSteel Inc. ArcelorMittal... 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... Read More
84th IREPAS Meeting will be held virtually
The world is still struggling with the unprecedented challenge of COVID-19, and the travel restrictions and other issues continue to limit the movement of people. Under these circumstances, the IREPAS board have decided to hold the 84th IREPAS Meeting on March 15th,2021 virtually. Details will be announced soon. 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... Read More
Russia amends scrap export restrictions
At the end of December, the Russian authorities approved the amendment to the existing export restrictions in the steel scrap segment. The export tax for ferrous scrap has remained at the five percent level, but the minimal equivalent has been increased from €5/mt to €45/mt. The renewed restriction will be valid for 180 days from the moment the official document comes into force.... Read More
China officially announces new standards and allows scrap imports
The China Ministry of Ecology and Environment has announced that starting from January 1, 2021, it officially allows imports of scrap as a recycled steel raw material. Scrap under HS codes 7204100010, 7204210010, 7204290010, 7204410010 and 7204490030 is classified as recycled steel raw material and can be free of the ban. For now only these HS codes were announced as allowed for... Read More
Canada starts antidumping probe on rebar imports from Oman and Russia
The Canada Border Services Agency (CBSA) has announced that it has initiated an antidumping duty investigation on certain concrete reinforcing bar up to 56.4 mm from Oman and Russia. The products subject to antidumping duty investigation currently fall under Customs Tariff Statistics Position Numbers 7213.10.00.00, 7214.20.00.00, 7215.90.00.90 and 7227.90.00.90. 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... Read More