CVD duty investigation for Chinese rebar imports initiated in Australia

Australia’s Antidumping Commission has announced that it has initiated a countervailing (CVD) duty investigation against Chinese rebar imports. The duty investigation launched by following an application lodged by domestic producer OneSteel Manufacturing Pty Ltd claims that the goods were in receipt of countervailable subsidies from China and that the subsidization has caused material injury to the Australian industry through loss of sale volume, reduced market share, price... Read More

China to cut export tax on steel billets

China will cut export tariffs on high-purity pig iron to 10 percent and some steel billets to 20 percent on Jan. 1 , down from a temporary rate of 25 percent this year, the Ministry of Finance said in a statement on its website.  Read More

Short Range Outlook : December 2015

Sentiment generally negative in global long steel products market Sentiment in the global long steel products market is generally negative due to the expected seasonal slowdown at the end of the year. Most markets are approaching holidays periods and, as buyers in many areas decided on their last purchases of the year in the previous weeks, activity has slackened lately. EU and North American mills have been able to get their orders Long product mills in EU and North America have... Read More