Short Range Outlook : September 2016
Increased stability and reduced price spreads in global long steel market The global long steel products market has seen some stability over the last few weeks as the increase in Chinese origin offer prices halted the weakening of global long product prices. The spread between Chinese and Turkish origin reinforcing bar prices has narrowed significantly and is becoming even narrower. Likewise, the price spread between the most expensive FOB or ex-works... Read More
The programme of the 75th IREPAS meeting
September 25th, Sunday 19:00 – 22:00 Welcome Cocktail at Intercontinental Vienna September 26th, Monday 09:00 – 09:25 Welcome address by Chairman of IREPAS 09:25 – 10:25 SESSION ONE - Global economic developments and expectations Lutz Karpowitz, Commerzbank AG / Director of FX Strategy Where... Read More
Chinese miners back down on AD probe against iron ore imports
The vice chairman of the Metallurgical Miners’ Association of China (MMAC) Mr Lei Pingxi has told local media that the Chinese miners has not officially requested an antidumping probe against the huge volume of low-priced iron ore imports from Brazil and Australia, but it was rather a suggestion. The vice president pointed out that this suggestion from the miners was published on the MMAC only website by mistake. Read More
Short Range Outlook : August 2016
Global long steel products market still in critical situation despite greater price stability The global long steel products market is still in a critical situation as market activity has been pretty slow for a long time. Demand in the market has softened but supply remains the same. Buyers have been receiving offer alternatives but they are not in a hurry to buy. As such, sizable purchases have not been observed over the past two months. Under these... Read More
EU imposes definitive antidumping duty on HFP rebar imports from China
The European Commission (EC) has announced that it has imposed definitive antidumping duty on high fatigue performance (HFP) rebar imports from China. The final antidumping duties are as follows: 48.1 percent for Jiangsu Yonggang Group Co., Ltd, Jiangsu Lianfeng Industrial Co., Ltd, Zhangjiagang Hongchang High Wires Co., Ltd and Zhangjiagang Shatai Steel Co., Ltd, 62.1 percent for Jiangyin Xicheng Steel Co., Ltd, Jiangyin Ruihe Metal Products Co.,... Read More
Mexico sets CVD margins on Chinese wire rod imports
Mexico’s economy secretariat, concluded its investigation over the imports of Chinese wire rod this week, dropping the antidumping portion of the probe and applying a definite countervailing duty (CVD) of $0.49 per kilogram for the purchases of the product. Domestic producers ArcelorMittal, Deacero and Ternium requested an antidumping probe into the imports of Chinese wire rod in July 2015; and Mexico’s economy secretariat launched the investigation... Read More
Chinese miners demand antidumping investigation over iron ore imports from Brazil and Australia
Chinese miners are demanding an antidumping investigation over the imports of iron ore from Brazil and Australia, the world’s leading suppliers for the commodity, a media report said this week. Citing a statement from the Metallurgical Miners’ Association of China, Reuters said more than 20 Chinese miners called for tougher measures for the imported commodity coming from Brazil and Australia. The association said “a huge volume” of low-priced... Read More
EUROFER: China should meet EU’s five market economy criteria for market economy status
The European Steel Association (EUROFER) has announced that the European Commissioners held an Orientation Debate today, on how to proceed with China’s request to grant it market economy status (MES), following the EU-China summit last week at which policy makers attempted to equate reductions in steel overcapacity with the granting of the much-coveted MES designation. Regarding the Orientation Debate, EUROFER director general Axel Eggert stated... Read More
Short Range Outlook : July 2016
Volatility in pricing and availability still a challenge for global long steel products market The global long steel products market has been going through a volatile period since March this year. Volatility in pricing has led to swings in availability of both steel and steel scrap, and this continues to be a challenge for the business environment. With low inventories in general throughout the supply chain comes larger pricing swings. Mills currently... Read More
India to complete antidumping duty investigations and replace minimum import price
India will complete ongoing antidumping investigations on steel imports by end of July so that the minimum import price (MIP), which does not comply with World Trade Organization (WTO) standards, can be replaced by an antidumping duty before the expiry of the MIP in August, an official at India’s Ministry of Commerce said on Tuesday, June 21. The ministry official said that the Directorate General for Anti Dumping and Allied Duties (DGAD) is in... Read More