Turkey approves provisional safeguard measures
According to Turkey’s Official Gazette, President Erdogan has approved the proposal to impose import quotas on certain steel products and also to impose 25 percent duty if the quotas are exceeded. The provisional safeguard measures will be in place for 200 days. The measures will come into force 15 days after the publication of the notice (October 2). Products to be subject to... Read More
US and South Korea sign new free trade deal, including quotas for US steel imports
According to news reports, the United States and South Korea signed a revised free-trade deal. The US-Korea Free Trade Agreement (KORUS) reportedly addresses many trade issues faced by US exporters, mainly automotive producers. The new KORUS also limits steel and aluminum imports from South Korea. According to the agreement, the United States will impose a 10 percent tariff on aluminum... Read More
IREPAS 35th anniversary awards
Of the many deserving long-term contributors to the IREPAS community, several were awarded plaques at the gala dinner held at the 79th meeting in Istanbul, which marked the 35th anniversary of the foundation of IREPAS. Read More
Turkey imposes provisional import measures on certain steel products
According to a notice issued by the Turkish Ministry of Trade, Turkey has set import quotas for certain steel products and will collect a 25 percent import duty if the quota is exceeded. The measures will be in place for 200 days from September 20 onwards. Products to be subject to the provisional safeguard measures are flat steel products, long steel products, pipes and hollow... Read More
IREPAS in Istanbul: All eyes on protectionist measures as IREPAS celebrates its 35th anniversary with record attendance
The 79th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 16-18, 2018. There were 139 producer representatives among the record 519 registered delegates from a total of 52 different countries. There were also 84 registrations representing 45 different raw material suppliers. At the opening of the conference which... Read More
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... 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... 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... 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... Read More
Dominican Republic starts antidumping probe on rebar imports from Costa Rica
The Dominican Republic’s commission of trade defense, CDC, has announced that it has started an antidumping duty investigation on reinforcing bar imports from Costa Rica. The investigation was initiated following a petition lodged by the local steelmaker Gerdau Metaldom. The products subject to investigation currently fall under Customs Tariff Statistics Position Numbers 7214.10.00,... Read More