The DOC has preliminarily found that some Turkish exporters made sales of the subject merchandise at prices below normal value during the period of review. The DOC has preliminarily determined estimated weighted-average dumping margins at 13.11 percent for Colakoglu Metalurji A.S.; Colakoglu Dis Ticaret A.S. and Ekinciler Demir ve Celik Sanayi A.S.

The DOC has also rescinded this review with respect to three companies, namely Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S., Icdas Celik Enerji Tersane ve Ulasim A.S. and Kaptan Demir Celik, for which there were no reviewable entries of the subject merchandise during the period of review.

For Vietnam, the DOC determined a net countervailable subsidy rate of 6.80 percent for Hoa Phat Group Joint Stock Company and 6.80 percent for all other Vietnamese exporters.

For Egypt, the DOC determined a net countervailable subsidy rate of 23.27 percent for the Ezz Group, comprising Al-Ezz Dekheila Steel Alexandria Company (SAE), Ezz Steel Company S.A.E., Ezz Rolling Mills Company (SAE), Al-Ezz Flat Steel Company (SAE), Contra Steel Co., and Al-Ezz Group Holding Company for Industry & Investment. The DOC also determined a rate of 23.27 percent for all other Egyptian exporters.

The subject merchandise is provided for in subheadings 7213.10.0000, 7214.20.0000, and 7228.30.8010 of the Harmonized Tariff Schedule of the United States (HTSUS).

The CVD orders are applicable as of September 18, 2026, the date of publication in the Federal Register.

The current antidumping duties on rebar from the countries in question are at

• 20.3 percent for Algeria,
• 23.1 percent for Egypt, Italy, Malaysia, Singapore and Vietnam,
• 21.8 percent for Indonesia,
• 8 percent for Oman
• 45.0 percent for Russia

The Canadian International Trade Tribunal (CITT) will now conduct an inquiry to determine whether the expiry of its findings is likely to result in injury to the Canadian industry and has announced that it will issue its decision no later than February 24, 2027.

The products under review currently fall under Harmonized System (HS) tariff classification numbers

• 7213.10.00.11,
• 7213.10.00.12,
• 7213.10.00.13,
• 7213.10.00.90,
• 7214.20.00.11,
• 7214.20.00.12,
• 7214.20.00.13,
• 7214.20.00.14,
• 7214.20.00.21,
• 7214.20.00.22,
• 7214.20.00.23,
• 7214.20.00.24,
• 7214.20.00.31,
• 7214.20.00.32,
• 7214.20.00.33,
• 7214.20.00.34,
• 7214.20.00.90,
• 7215.90.00.20,
• 7215.90.00.30,
• 7227.90.00.50,
• 7228.30.00.51,
• 7228.30.00.52
• 7228.30.00.53

The orders follow affirmative final determinations by the DOC and the US International Trade Commission (ITC), which determined that a US industry is materially injured by reason of dumped imports of rebar from the three countries.

For Bulgaria, the DOC determined a weighted-average dumping margin of 53.27 percent for Promet Steel JSC and all others.

For Egypt, the DOC determined a weighted-average dumping margin of 34.20 percent for the Ezz Steel group of companies and all others, and 52.73 percent for El Marakby Steel and Suez Steel Company, based on adverse facts available.

For Vietnam, the DOC determined a weighted-average dumping margin of 128.53 percent for the Hoa Phat group of companies, with a cash deposit rate of 123.49 percent after adjustment for export subsidy offsets, and a Vietnam-wide rate of 136.57 percent, based on adverse facts available.

Day 1: Sunday, September 27, 2026

19:00 – 22:00                   Welcome cocktail at the Metropol Palace, Belgrade

Day 2: Monday, September 28, 2026

09:15 – 09:30                  Welcome address by Chairman of IREPAS

IREPAS Chairman: Ioannis Manessis, Principal, Hellenic Halyvourgia S.A

09:30 – 11:10                  SESSION ONE – Critical Changes Shaping the Global Long Steel Markets

- Long products market outlook

Alexander Gordienko, Export Director, Celsa Group

- Regional Markets of the Balkans and Southeast Europe in the Global Storm

- Branko Zecevic, President, Metalfer Group

 - HBI in the Raw Materials Landscape

Vincent F. Chevrier, General Manager / Technical Sales and Marketing , Midrex Technologies, Inc.

- CBAM: A Verifier’s Perspective on Compliance and Implementation

Jerónimo Casas, Global Product Manager for Climate Change and Sustainability Solutions, SGS

11:10 – 11:40 Networking break

11:40 – 12:45 SESSION TWO – Steel Markets in a Changing Global Landscape

- Navigating the New Global Order: Strategic Foresight for Steel Markets

Keynote Speaker: Velina Tchakarova, Geopolitical Strategist and Founder, FACE For A Conscious Experience

- Dry Freight and Steel Trade Flows Amid Geopolitical Risks

Maria Bertzeletou, Senior Market Analyst, The Signal Group

12:45 – 14:30                    Networking lunch

14:30 – 16:30                    IREPAS Committee Meetings

• 14:30 – 16:30 IREPAS Producers Committee (by invitation only)
• 14:30 – 16:30 IREPAS Raw Material Suppliers Committee (by invitation only)
• 14:30 – 16:30 IREPAS Traders Committee (open to all attendees)

16:00 – 18:00                    Monday cocktail reception

Day 3: Tuesday, September 29, 2026

10:00 – 11:30                   SESSION THREE – Panel with Committee Chairmen

• IREPAS Producers Committee
• IREPAS Raw Material Suppliers Committee
• IREPAS Traders Committee

The supply and demand balance in the global long steel products market has become marginally worse for international business since June, although supply has started to react. Global crude steel production moved from an increase of 1.7 percent year on year in June to a decrease of 0.3 percent in July, with China’s crude steel output moving from an increase of 0.4 percent to a decrease of 3.6 percent in these respective months. However, global production in the January-July period was down only 0.6 percent year on year, which does not yet signal a meaningful rebalancing. The market situation in the coming period is extremely difficult to predict, particularly given the geopolitical developments affecting the Black Sea region and the Strait of Hormuz. International trade has become increasingly challenging. Demand remains generally subdued, while disruptions to supply and logistics are creating upward pressure on prices.

Energy costs rise significantly, overall environment increasingly inflationary

At the same time, energy costs have risen significantly. Natural gas prices in Europe and elsewhere remain at very high levels, with electricity prices following the same trend, while coal prices have also moved higher. Consequently, the overall environment has become increasingly inflationary. We, therefore, have an unusual combination of relatively weak demand and rising costs and supply-side pressures, which are creating considerable uncertainty and volatility in the international steel market.

China’s steel bar exports rise further, its real estate investments deteriorate

In the meantime, China’s real estate investments deteriorated from a decrease of 18.0 percent in the first half to a drop of 19.2 percent in the January-July period, with fixed-asset investments and infrastructure investments decreasing by bigger margins of 6.7 percent and 3.6 percent respectively in the January-July period, compared to respective declines of 5.7 percent and 2.4 percent in the first half. Steel exports from China in July remained above 10 million metric tons, with steel bar exports rising by 20.9 percent in July and by 12.3 percent in the January-July period. Together with the tighter EU and UK import quotas from July 1, this means a better balance inside protected markets but more displacement into the remaining open markets. The imbalance is being redistributed rather than resolved.

Higher costs begin to push EU prices upwards

Demand in the EU market remains weak, partly due to the summer season and the continued lack of activity in construction. A sudden increase in consumption is not currently foreseen, particularly as we move into the fourth quarter, which is traditionally a period of slowing activity. Nevertheless, sharply higher energy costs are now pushing mills’ prices upwards. Exceptionally low water levels on Europe’s major rivers have also increased transport costs for both mills and importers. Even in a weak demand environment, producers cannot continue absorbing these additional costs indefinitely. The current upward price movement is therefore mainly cost-driven rather than the result of any significant improvement in consumption.

US remains one of the clearer growth markets, but high interest rates still a major issue

The US is one of the clearer growth markets: domestic steel shipments increased by 5.3 percent in the first half of 2026, while steel demand is forecast to grow by 1.7 percent in the calendar year 2026, supported by infrastructure and technology-related investment. There is a gradual demand recovery in the US as well as strong infrastructure investment and continued AI investments. Meanwhile, imports are down 22 percent year-to-date. Supply in the US long steel market is moderately tight but has been moving toward a balance as of August. High interest rates are still a major issue for residential and commercial construction. However, rising domestic capacity and slowly recovering imports should gradually ease the supply pressure. Overall, the situation is better for US mills, but tougher for international suppliers. The US is going on its own path, at least until the results of the mid-term elections are announced. In the meantime, there are about 20 steel producers in the US announcing outages for September, October and November.

Global prices to remain driven by supply-side factors rather than by demand

From a pricing perspective, the main supportive factors are the prospect of reduced supply pressure from China, disruptions affecting trade in the Black Sea and the Strait of Hormuz, higher energy and production costs, and the increasingly restrictive trade measures being implemented in the US, the EU and the UK. Global production finally saw a slightly negative correction in July, indicating that mills are beginning to respond. In the EU, steel producers are announcing profits. Our expectation is that prices will remain under upward pressure during the next quarter driven primarily by the abovementioned factors rather than by a strong recovery in underlying demand.

Global steel demand foreseen to improve in 2027, but no broad recovery yet

On the demand side, the picture is less encouraging. Nevertheless, there is still meaningful demand in the Americas, while demand in most other regions appears broadly stable rather than deteriorating significantly. Looking at the global situation, India, Southeast Asia, Africa and select US construction segments offer the best opportunities for long steel products. According to market analysts, global steel demand is expected to improve further in 2027, supporting trade volumes and market confidence. These are positives for select markets and margins, but not yet evidence of a broad global demand recovery.

Ferrous scrap market still characterized by weakness

The ferrous scrap market is weak without much movement towards the upside as steel mills seek to avoid price hikes that would further constrict their margins.

Competition at reduced levels amid limited number of viable supply alternatives

Competition in the global long steel market is currently somewhat reduced, mainly because the number of competitive supply sources has become more limited. Trade restrictions, geopolitical disruptions, higher freight and energy costs, and difficulties in accessing certain markets have all reduced the number of viable supply alternatives.

Current market status very unstable, market highly sensitive to geopolitical developments

Under such circumstances, the current status of the market can be described as very unstable. The market will remain highly sensitive to geopolitical developments, particularly in the Black Sea and the Middle East.

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The DOC determined a weighted-average dumping margin of 53.27 percent for Promet Steel JSC and 53.27 percent for all other Bulgarian exporters.

The subject merchandise is provided for in subheadings 7213.10.0000, 7214.20.0000, and 7228.30.8010 of the Harmonized Tariff Schedule of the United States (HTSUS).

The AD investigation was initiated on June 30, 2025, in response to a petition filed by the Rebar Trade Action Coalition. The final determination was published in the Federal Register on July 30, 2026. If the US International Trade Commission (ITC) issues an affirmative final injury determination, the DOC will issue an AD order.

In the AD investigation, covering the period of investigation between April 1, 2024, and March 31, 2025, the DOC determined a weighted-average dumping margin of 34.20 percent for the Ezz group, comprising Al-Ezz Dekheila Steel Alexandria Company S.A.E., Ezz Steel Company S.A.E., Ezz Rolling Mills Company S.A.E., and Al-Ezz Flat Steel Company S.A.E.

The DOC also determined a margin of 52.73 percent for El Marakby Steel, 52.73 percent for Suez Steel Company, and 34.20 percent for all other Egyptian exporters. The rates for El Marakby Steel and Suez Steel Company are based on facts available with adverse inferences.

In the CVD investigation, covering the period of investigation between January 1, 2024, and December 31, 2024, the DOC determined a net countervailable subsidy rate of 23.27 percent for the Ezz group, comprising Al-Ezz Dekheila Steel Alexandria Company (SAE), Ezz Steel Company S.A.E., Ezz Rolling Mills Company (SAE), Al-Ezz Flat Steel Company (SAE), Contra Steel Co., and Al-Ezz Group Holding Company for Industry & Investment.

The DOC also determined a rate of 23.27 percent for all other Egyptian exporters.

The subject merchandise is provided for in subheadings 7213.10.0000, 7214.20.0000, and 7228.30.8010 of the Harmonized Tariff Schedule of the United States (HTSUS).

The investigations were initiated on June 30, 2025, in response to a petition filed by the Rebar Trade Action Coalition. The final determinations were published in the Federal Register on July 30, 2026. If the US International Trade Commission (ITC) issues an affirmative final injury determination, the DOC will issue AD and CVD orders.

The DOC determined a net countervailable subsidy rate of 6.80 percent for Hoa Phat Group Joint Stock Company and 6.80 percent for all other Vietnamese exporters.

The subject merchandise is provided for in subheadings 7213.10.0000, 7214.20.0000, and 7228.30.8010 of the Harmonized Tariff Schedule of the United States (HTSUS).

The CVD investigation was initiated on June 30, 2025, in response to a petition filed by the Rebar Trade Action Coalition. The final determination was published in the Federal Register on July 30, 2026. If the US International Trade Commission (ITC) issues an affirmative final injury determination, the DOC will issue a CVD order.

The net countervailable subsidy rate is 72.94 percent for Tosyali Iron Steel Industry Algeria SPA, the sole mandatory respondent, and 72.94 percent for all others. The rate is based on facts available with adverse inferences, as Tosyali did not participate in the investigation.

Because the US Trade Representative has determined that Algeria is not a Subsidies Agreement country, no material injury determination by the US International Trade Commission was required.

The ITC closed its investigation on May 18, 2026, and the DOC subsequently issued this order. The CVD order is applicable as of July 6, 2026, and was published in the Federal Register the same date.