Malaysia extended deadline for preliminary AD decision on rebar imports
Malaysian authorities have announced on the country’s official gazette on Monday, December 29th that; the time period for the antidumping duty investigation on reinforcing steel bar imports from China and South Korea was extended by an additional thirty days from January 1, 2015 until January 30, 2015. The investigation was initiated on September 2, 2014, following a... Read More
US DOC to issue AD/CVD orders on Chinese wire rod imports
The United States International Trade Commission (USITC) determined Monday that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the US Department of Commerce (DOC) has determined are subsidized and sold in the United States at less than fair value. All six Commissioners voted in the affirmative. As a result of the... Read More
Short Range Outlook : December 2014
Oversupply still evident Oversupply has been evident in the global long steel market from September up to the end of November, slowing down demand, putting pressure on the market and pushing prices downwards. However, outputs are being reduced in certain areas and demand in the global long steel products market is now at reasonable levels although purchasing processes in general... Read More
US DOC announced final determination on wire rod imports from China
The US Department of Commerce (US DOC) announced Thursday its affirmative final determinations in the antidumping duty and countervailing duty investigations of imports of carbon and certain alloy steel wire rod from the People’s Republic of China (China). The US DOC determined that imports of carbon and certain alloy steel wire rod from China have been sold in the United States... Read More
Russia extended antidumping investigation on rebar imports from Ukraine
The Euroasian Economic Commission has announced that Russia has extended its antidumping duty investigation on reinforcing bar imports from Ukraine for another three months. Accordingly the investigation will last until February 19th, 2015. The investigation was initiated on November 20th, 2013 by the Department of Protection of Domestic Market under the Eurasian Economic Commission. Read More
Short Range Outlook : November 2014
High levels of competition The global long steel products market is still showing a high degree of competition. Demand is strong in North America, the Persian Gulf region and the Southeast Asian market. However, other markets like the EU and South America are still showing some weakness. China is still influencing the perception of oversupply in the global long steel products market... Read More
US DOC calculates lower AD margins for Mexican wire rod imports
The US Department of Commerce (DOC) announced its preliminary results in the administrative review of the antidumping order on carbon and certain alloy steel wire rod imports from Mexico. The review covers one Mexican producer/exporter and its affiliated US importer – Deacero S.A. de C.V. and Deacero USA, Inc. (collectively Deacero”) – during the period from October 1, 2012... Read More
Turkey raised customs duties for wire rod and bar imports
Turkey has increased the duty rates on wire rod and steel bar imports. The import duty on boron added wire rods now stands at 40 percent as opposed to the previously valid 3 percent duty rate. The duty on imports of steel bars has been raised to 30 percent from the previous level of 15 percent. Read More
Australia initiated antidumping investigation against rebar imports
The Australian Government Antidumping Commission has announced that it has initiated an antidumping (AD) duty investigation against rebar imports from South Korea, Malaysia, Singapore, Spain, Taiwan, Thailand and Turkey. The investigation launched upon the application of domestic steel producer OneSteel Manufacturing Pty Ltd (OneSteel) will cover the period between July 1, 2013... Read More
Temporary tariffs imposed in Egypt
Egyptian Ministry of Industry and Foreign Trade announced that; temporary tariffs have been imposed to protect domestic reinforcing steel bar manufacturers. The 7.3 percent tariffs will last for a maximum of 200 days, but could eventually be made permament, the ministry said. Egyptian steelmakers have expressed concern about imports from Turkey, the world’s leading steel... Read More