Short Range Outlook : June 2016
Global long steel products market once again under pressure from Chinese supply Conditions have deteriorated internationally in the global long steel products market during the past month mainly due to Chinese supply. Although it was expected, the global long steel products market is once again facing difficulties following a period of relief lasting two to three months. Higher-priced market sparks surge in Chinese steel output The initial price increases... Read More
Colombia imposes antidumping duty on wire rod imports from China
The Colombian Ministry of Commerce, Industry and Tourism (MINCIT) has announced that it has imposed antidumping duty on imports of wire rod of iron or non-alloy steel or other alloy steel, of circular cross section diameter less than 14 millimeters, with a carbon content less than 0.45 percent by weight, from China. According to MINCIT, the antidumping duty is valid for a period of five years and consists of a value corresponding to the difference... Read More
Preliminary antidumping decision for billet imports from China to Pakistan
Pakistan’s National Tariff Commission has announced its preliminary results concerning its antidumping (AD) duty investigation on imports of continuous casting billets from China. Accordingly, on preliminary basis, the commission has established that the domestic industry suffered material injury due to the significant increase in the volume of dumped imports, the magnitude of the dumping margin, significant price undercutting by the dumped imports,... Read More
Short Range Outlook : May 2016
Supply-demand equilibrium now healthier in global longs market Supply and demand have reached a healthier equilibrium in the global long steel products market mainly due to Chinese supply being more focused on its domestic market. Low local stocks in the global markets and stronger demand in the construction segment have also helped and consequently prices have jumped to what may be considered to be reasonable levels. Low stocks still observed in... Read More
Australia imposes antidumping duty on rebar imports from China
Australia’s Antidumping Commission has announced that it has decided to impose definitive antidumping duty on rebar imports from China. The commission has increased the duties from the preliminary duties which ranged between 5.8 percent and 17.8 percent. Accordingly, the antidumping duties are as follows: Shandong Shiheng Special Steel Group : 15.3 percent Shandong... Read More
IREPAS in Lisbon: Exciting times finally here after depressing period
The 74th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Lisbon, Portugal on April 10-12, 2016. There were 70 producer representatives among the 261 registered delegates from 35 different countries. There were also 35 registrations representing 25 different raw material suppliers. At the opening of the SteelOrbis 2016 Spring Conference & 74th IREPAS Meeting held in Lisbon on April 10-12, Kim Marti, the international... Read More
Thailand imposes antidumping duties on low-carbon wire rod imports from China
Thailand’s Department of Foreign Trade has announced that it has decided to impose antidumping duty on low-carbon wire rod imports from China for a period of five years. The antidumping duty rates range from 12.81 percent to 31.15 percent for goods falling under Customs Tariff Statistics Position Numbers 7213.9120.000, 7213.9190.010, 7213.9190.011, 7213.9190.012, 7213.9190.013, 7213.9190.033, 7213.9190.034, 7213.9190.035, 7213.9190.090, 7213.9920.000,... Read More
Short Range Outlook : March 2016
Improved conditions finally observed in global long steel market Conditions in the global long steel market is better as demand is steady or has edged up. Good news on demand side The long steel products market had recently fallen to price levels that made no economic sense and doing business had become questionable. The steel world dropped off into a senseless across-the-board price erosion from October 2015 until mid-February 2016. However, there... Read More
Australia initiates CVD investigation for wire rod imports from China
Australia’s Antidumping Commission has announced that it has initiated a countervailing duty (CVD) investigation regarding imports of wire rod from China. The application lodged by Australian wire rod producer OneSteel Manufacturing Pty Ltd claims that the goods in question exported to Australia have been in receipt of countervailable subsidies from China and that the subsidization has caused material injury to the Australian industry through price... Read More
Colombia extended existing antidumping duties on imports of wire rod from China
Colombia’s ministry of commerce, industry and tourism, MINCIT, has extended existing provisional antidumping duties on the imports of wire rod from China, it said. According to MINCIT, the levies were extended for two more months, and correspond to the “difference between base FOB $541.06/mt price and the FOB price declared for the imported product, always and whenever the last is cheaper than the base price.” The provisional antidumping duties... Read More