Canada initiates expiry reviews of antidumping duty on rebar imports from three countries
The Canada Border Services Agency (CBSA) has announced that it has initiated an expiry review of the antidumping (AD) duty on reinforcing bar imports from China, South Korea and Turkey and an expiry review of the countervailing duty (CVD) on the given product from China. The CBSA will make a determination no later than December 19, 2025, and will issue a statement of reasons by... Read More
EU launches consultation on new steel safeguard measures to combat trade risks
The European Commission has announced the launch of a consultation process aimed at shaping the next generation of steel safeguard measures. Industry stakeholders have until August 15 to submit input. These consultations will feed directly into the formulation of replacement measures for the current safeguards, which expire on June 30, 2026. The upcoming protection framework is... Read More
Malaysia takes action to prevent scrap export duty evasion
Malaysia is taking a firm stand against tax evasion in its steel industry. With the launch of the Malaysian Anti-Corruption Commission’s (MACC) “Ops Metal” operation this month, an enforcement action to address widespread evasion of the country’s 15 percent export duty on scrap metal, the country is cracking down on the illegal export of scrap metal. Backed by the Malaysian... Read More
India-EFTA FTA to come into effect on October 1
The India-EFTA (European Free Trade Association) free trade agreement (FTA) will come into effect from October 1, 2025, India’s commerce minister, Piyush Goyal, said in a statement on Monday, July 21. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Minister Goyal said that the two sides had signed a Trade and Economic Partnership... Read More
US imposes 35 percent tariffs on Canadian imports starting August 1
US President Donald Trump has declared 35 percent tariffs on Canadian imports, effective August 1, through an official letter sent to Canadian Prime Minister Mark Carney. The move aims to address both the ongoing fentanyl crisis and the high US-Canada trade deficit, which Trump argues are harming American interests. The 35 percent tariffs will be applied across Canadian goods, outside... Read More
US to impose 50 percent tariff on all imports from Brazil
US President Donald Trump has notified Brazilian President Luiz Inacio Lula da Silva, starting August 1, all imports from Brazil will face an additional 50 percent tariff at US customs. Read More
Short Range Outlook : July 2025
Uncertainty spikes further in global longs market due to 50 percent tariffs in US The business environment in the global long steel products market, particularly in terms of the demand and supply balance, has not improved meaningfully. Other than that, the situation has worsened as the Trump Administration’s increase of US import duties up to 50 percent caught many exporters... Read More
US DOC initiates antidumping/countervailing duty investigations on rebar from four countries
The US Department of Commerce (DOC) has announced that it has initiated two investigations on rebar from Algeria, Bulgaria, Egypt, and Vietnam. The antidumping investigation on reinforcing bars from Algeria, Bulgaria and Egypt covers the period between April 1, 2024 and March 31, 2025, while the period for Vietnam is between October 1, 2024 and March 31, 2025. Meanwhile, the countervailing... Read More
Short Range Outlook : June 2025
Competition becomes predatory in oversupplied global long steel market The global long steel products market is oversupplied and overcrowded. The situation has worsened and is now structural. The competition in the global market is predatory. Margins are dead. The only strategy is cashflow and turnover. Whoever can ship first, wins. Whoever negotiates for $5/mt more, loses the... Read More
US steel import tariffs increase to 50 percent
Yesterday, June 3, US President Donald Trump signed an order to increase tariffs from 25 percent to 50 percent on steel and aluminum imports into the US, according to a statement published by White House. The higher tariff will be effective as of June 4, 2025. Trump stated that the measures are intended to secure the future of the US steel industry, ending unfair trade practices... Read More