Canada issues preliminary antidumping margins on wire rod imports from three countries

The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping (AD) duty investigation against certain wire rod from China, Egypt and Vietnam. The estimated dumping margins are as follows: China : 50.9 percent and 71.1 percent Egypt : 49.7 percent and 99.8 percent Vietnam : 6.1 percent, 18.3 percent, 38.9 percent The products subject to the preliminary duty currently fall under the below listed Customs Tariff Statistics Position Numbers: 7213.91.00.42, 7213.91.00.43, 7213.91.00.49, 7213.91.00.50, 7213.91.00.60, 7213.91.00.70, 7213.99.00.11, 7213.99.00.12, 7213.99.00.31, 7213.99.00.32, 7213.99.00.51, 7213.99.00.52, 7227.20.00.20, 7227.20.00.90, 7227.90.00.60, 7227.90.00.70, 7227.90.00.81, 7227.90.00.82, 7227.90.00.83.    Read More

US issues preliminary antidumping review results on wire rod from S. Korea’s POSCO

The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on carbon and certain alloy steel wire rod from South Korea-based POSCO. During the review period from May 1, 2022, to April 30, 2023, South Korean producer POSCO was found to have made sales of the subject products at less than normal value. The DOC has determined a weighted-average dumping margin of 1.03 percent for the company.  Read More

Short Range Outlook : June 2024

Gloom persists in global longs market, no sign yet of corner being turned Demand in the global long steel products market continues to lag behind supply and the bottom of the market may not have been seen yet. The steel volumes being produced and being consumed are not growing. On the contrary, they are down in most regions. A lot depends on China Everyone one is expecting some move from Beijing, to slow down exports from China. The iron ore price has dropped down under $110/mt... Read More