Short Range Outlook : February 2018
Global supply-demand balance for long products still looks good but caution needed on supply side While the supply and demand balance in the global long steel products market still looks good, the supply side is gearing up. Supply pressure is not expected to create big problems in the short run but may be an issue in the medium term if demand is not able to cope with it. Even Chinese companies have learned that dollars are more important than tonnages.... Read More
US DOC announced final antidumping duty on wire rod imports from S. Africa and Ukraine
The US Department of Commerce (US DOC) has announced that it has imposed final antidumping duty on imports of carbon and alloy steel wire rod from South Africa and Ukraine. Accordingly, the US DOC has calculated the following dumping rates: South Africa ArcelorMittal South Africa Limited : 142.26 percent Scaw South Africa (Pty) Ltd. (also... Read More
Short Range Outlook : January 2018
Very positive prospects for global long steel market in 2018 The supply and demand balance in the global long steel products market has improved and may now be described as excellent. Demand remains strong almost everywhere and sentiment is also very good. It seems that 2018 will be a replica of 2017 as the prospects are very positive. China has been the main story in 2017 China has been the main story in 2017. It is not exactly out of the market:... Read More
US ITC affirms antidumping duties for wire rod imports from Belarus, Russia and UAE
The United States International Trade Commission (US ITC) today affirmed the US Department of Commerce’s (US DOC) final determinations in the investigation of imports of carbon and certain alloy steel wire rod from Belarus, Russia, and the United Arab Emirates. As a result of the US ITC’s affirmative determinations, the US DOC will issue antidumping duty orders on imports of this product from Belarus, Russia, and the United Arab Emirates. Final... Read More
Short Range Outlook : December 2017
Demand now even better in global longs market as China continues to stay away Supply and demand in the global long steel products market are still balanced following the price increases caused by the rising cost of production amid the tight electrode supply and higher costs of other raw materials. The good news is that there is even better demand compared to previous months as exports from China are still far from putting too much pressure on the... Read More
US DOC announced final antidumping margins on wire rod imports from Belarus, Russia, and UAE
The US Department of Commerce (US DOC) determines that imports of carbon and alloy steel wire rod from Belarus, Russia, and the United Arab Emirates are being, or are likely to be, sold in the United States at less than fair value. The final estimated weighted-average dumping margins are as follows: Belarus BSW (BMZ) : 280.02% Russia Abinsk Electric Steel Works Ltd :... Read More
US DOC revises preliminary antidumping duty rate on wire rod imports from South Korea
The US Department of Commerce (US DOC) has announced that it has amended the preliminary antidumping duty decision regarding the antidumping investigation on imports of carbon and alloy steel wire rod from Italy, South Korea, South Africa, Spain, Turkey, Ukraine, and the United Kingdom, upon a complaint lodged by US-based companies Gerdau Ameristeel US Inc., Keystone Consolidated Industries, Inc., and Charter Steel, alleging that the US DOC made a... Read More
US DOC announced final antidumping duties on wire rod imports from Belarus, Russia, UAE
The US Department of Commerce (US DOC) has announced its final determinations in the antidumping duty investigation of imports of carbon and alloy steel wire rod from Belarus, Russia and the United Arab Emirates (UAE). Accordingly, the US DOC calculated the below final dumping margins for the mentioned imports from the three countries: Belarus Belarus-Wide Entity : 280.02% Russia Abinsk... Read More
US DOC postponed final determinations in antidumping case against wire rod imports
The US Department of Commerce (US DOC) announced that it is postponing the deadline for issuing the final determinations in the antidumping investigations of carbon and alloy steel wire rod from Italy, Korea, Spain, Turkey, and the United Kingdom until no later than March 15, 2018. Further, the US DOC is extending the provisional measures from a four-month period to a period of not more than six months. As the deadline for the final determinations... Read More
Short Range Outlook – November 2017
Supply and demand still balanced in global longs market amid lack of Chinese pressure Supply and demand in the global long steel products market remain balanced as exports from China are still not exerting too much pressure on the international market. Strong demand seen all around the world The World Steel Association (worldsteel) has updated its forecast for global steel demand for 2017, forecasting around seven percent growth compared to 2016.... Read More