US DOC released final determination on rebar imports from Mexico and Turkey
The US Department of Commerce (DOC) released its final determinations in the antidumping investigations of rebar from Mexico and Turkey and the countervailing duty investigation of rebar from Turkey on September 9th, Tuesday. The DOC has calculated the following final dumping duty margins on imports from Mexico: Deacero : 20.58% (preliminary determinaton... Read More
Short Range Outlook : September 2014
Challenging times in global longs market despite some demand improvements There has been a reasonable resumption of demand for long steel products in the North American and northern EU markets following the holiday period. Overall, the supply-demand imbalance seems to have eased, particularly for semi-finished materials, as a result of some cuts in production. Geopolitical conflict... Read More
US DOC announced preliminary duties on Chinese wire rod imports
The US DOC announced the preliminary duties on imports of carbon and alloy steel wire rods from China. Accordingly; Rizhao Steel Wire Co, Hunan Valin Xiangtan Iron & Steel, and Jiangsu Shagang International Trade Co (a subsidiary of Jiangsu Shagang Group) were all assigned a preliminary duty of 106.19%. All other producers were assigned a duty of 110.25% The US DOC previously... Read More
Malaysia initiated antidumping investigation against rebar imports
Malaysian authorities have initiated an antidumping investigation regarding reinforcing steel bar imports from China and South Korea on September 2, 2014, following a petition filed by domestic steel producer Ann Joo Steel Berhad, according to the country’s official gazette. The petition covers reinforcing steel bars equal to six meters or less for non construction usage. Read More
EU to review AD on imports of wire rod from China
The European Commission launched an expiry review on the antidumping duty on wire rod imports from China, which was originally imposed back in 2009 following the application by EUROFER (The European Steel Association). EUROFER insists that the expiry of the antidumping duty would result in recurerence of the dumping and the injury on the EU steel industry. The CN codes subject to... Read More
Short Range Outlook : July 2014
Decent performance in global long steel market but rising concerns due to several issues Global demand has remained at reasonable levels during the course of the last 30 days. The market has been performing well in the Americas and showing better numbers in Europe. Elsewhere, market dynamics have continued to be strong in MENA countries, Africa and Asia. However, excess supply in... Read More
AD ruling on wire rods ex-China postponed by US DOC
The US DOC (Department of Commerce) announced on June 17th that it has posponed the date of its preliminary antidumping investigation of carbon and certain alloy steel wire rods imported from China. The decision has been taken following the request by the petitioners; ArcelorMittal USA, LLC, Charter Steel, Evraz Pueblo, Gerdau Ameristeel Inc., and Nucor Corporation. The original... Read More
Short Range Outlook : June 2014
Healthy demand but persisting concerns in global long steel products market Demand has continued to improve in the global long steel products market, especially in the Americas and the EU. The US market remains particularly healthy demandwise, though supply is still very high, leading to worries that the market may have peaked. Commercial activity is increasing in Central and South... Read More
US ITC affirms AD orders on wire rod from six countries, revokes Ukraine’s
USITC (The US International Trade Commission) made its determinations in its five-year (sunset) reviews concerning Carbon and Certain Alloy Steel Wire Rod from Brazil, Indonesia, Mexico, Moldova, Trinidad and Tobago, and Ukraine. The commission made affirmative determinations with respect to the existing countervailing duty order on carbon and certain alloy steel wire rod from... Read More
Morocco rescinds Turkey’s exemption from safeguard measures
Turkey’s Ministry of Economy announced that; Morocco has excluded Turkey from the countries who were exempt from the safeguard measure on concrete steel reinforcing bar and wire rod imports. On March 21 this year, Morocco’s Ministry of Industry, Trade and New Technologies had announced that Turkey was exempt from the safeguard measure along with developing countries.... Read More