IREPAS in Paris: Long steel players continue to look for opportunities amid ongoing challenges
The 72nd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Paris, France on March 22-24, 2015. There were 95 producer representatives among the 304 registered delegates from 40 different countries. There were also 39 registrations representing 28 different raw material suppliers. On the last day of the conference, producers of long steel products... Read More
Iran hikes import duties on steel
Reuters reported that the Iranian government has raised customs duties on certain steel imports to 10-20 percent to protect domestic steelmakers against the surge in Chinese exports. Reuters quoted Keyvan Ja’fari Tehrani, head of international affairs at the Iranian Iron Ore Producers and Exporters Association (IRIOPEX), as saying, “A steel import tax has been imposed…... Read More
The program of the 72nd IREPAS meeting
March 22nd, Sunday 19:00 – 22:00 Welcome Cocktail at Intercontinental Paris Le Grand Hotel March 23rd, Monday 09:00 - 09:15 Welcome address by Chairman of IREPAS – Kim Marti 09:15 – 10: 30 SESSION ONE Low raw material prices and booming Chinese exports: which consequences for the global steel sector? Eric Louvert, BNP Paribas Why The Future Begins –... Read More
Short Range Outlook : March 2015
Global long steel market remains under strong pressure from supply side The global long steel products market is still under supply pressure with strong and agressive offers in terms of volumes and prices. Imbalance between scrap and iron ore prices closes faster than expected The imbalance between prices of iron ore and scrap has been closing as expected, but at a much faster rate.... Read More
Australia announced preliminary AD decision against wire rod imports
Australia’s Antidumping Commission has announced its preliminary decision regarding the antidumping (AD) investigation against imports of hot rolled wire rod in coils with diameter of less than 14 mm from Indonesia, Taiwan and Turkey. The investigation was launched in April 2014 following an application filed by the Australian steel producer OneSteel Manufacturing Pty Ltd... Read More
Australia extended AD duty investigation on certain rebar imports
Australia’s Antidumping Commission has announced that it has extended the antidumping (AD) duty investigation against rebar imports from South Korea, Malaysia, Singapore, Spain, Taiwan, Thailand and Turkey, due to the large number of countries involved in the investigation. The final decision now will be made on or before May 7, 2015. The investigation was launched in October... Read More
Short Range Outlook : February 2015
Strong supply pressure and agressive offers in global long steel market The global long steel products market has been under supply pressure with strong and agressive offers in terms of volumes and prices since the beginning of 2015. Healthy demand in North America Markets in North America keep showing healthy demand. The reinforcing bars market in the US increased to almost 8 million... Read More
Australia extended AD investigation against wire rod imports once again
Australia’s Antidumping Commission has announced that it has extended the period for its antidumping (AD) duty investigation against imports of wire rod in coils from Indonesia, Taiwan and Turkey once again, this time until April 15, 2015. The commission had already extended the deadline to January 15, 2015 back in October 2014. The antidumping duty investigation in question... Read More
Short Range Outlook : January 2015
Lull in markets due to holiday period The global long steel products market has been quiet recently mostly because of the holidays in many countries, with business volumes shrinking to low levels. The market situation has deteriorated with strong and agressive offers in terms of volumes and prices, with demand stagnating. Many consumers of deformed reinforcing bars are squeezed... Read More
US DOC publishes final AD & CVD margins for Chinese wire rod imports
The US Department of Commerce (DOC) published the antidumping (AD) and countervailing duty (CVD) orders on carbon and certain alloy steel wire rod from China. The final dumping margins in the AD investigation are: I. Three “separate rate” companies: 106.19%. Hunan Valin Xiangtan Iron & Steel Co., Ltd.; Jiangsu Shagang International Trade Co., Ltd.; Rizhao Steel Wire Co.,... Read More