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
Canada launches antidumping probe against rebar imports from three countries
The Canada Border Services Agency (CBSA) has announced that it has launched an antidumping (AD) duty investigation to determine whether certain rebar from Bulgaria, Thailand and the United Arab Emirates are being sold at unfair prices in Canada. The investigation is the result of a complaint filed by ArcelorMittal Long Products Canada, G.P., Gerdau Ameristeel Corporation, and AltaSteel... Read More
US issues final CVD review results on rebar imports from Turkey
The US Department of Commerce (DOC) has announced the final results of its administrative review of the countervailing duty (CVD) order on reinforcing bar imports from Turkey for the period between January 1, 2021, and December 31, 2021. The final subsidy rates are at 5.54 percent for Kaptan Demir Celik Endustrisi ve Ticaret A.S., Kaptan Metal Dis Ticaret ve Nakliyat A.S., and 0.03... Read More
IREPAS in Berlin : Weak demand, great uncertainty and aggressive Asian exports
The 90th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Berlin on April 28-30 in conjunction with the SteelOrbis Spring’24 Conference. There were 104 representatives from 41 different producers among the 445 registered delegates from a total of 57 different countries. There were also 91 registrations representing 52 different raw material... Read More
Turkey restricts exports to Israel
Turkey’s Ministry of Commerce has announced that it has restricted the exports of 54 product groups to Israel. No details regarding these restrictions, which came into force as of today, April 9, have been disclosed yet. The restricted products include reinforcing bars, wire rods and flat steel products, as well as steel pipes and fittings, profiles, iron and steel construction... Read More