Pakistan initiates dumping investigation against wire rod imports from China
Pakistan’s National Tariff Commission has announced that it has initiated an antidumping duty investigation against wire rod imports from China. The investigation will cover the period between July 1, 2014 and June 30, 2015 and it will determine whether the wire rod originating in and/or exported from China was dumped into Pakistan and whether such dumping has caused and/or is causing material injury to the domestic industry. The products subject... Read More
Australia grants more time for antidumping duty investigation on rebar imports from China
Australia’s Antidumping Commission has announced that it has been granted more time by the Australian government for the antidumping duty investigation against Chinese rebar imports. The deadline for the completion of the investigation is February 6, 2016. The commission needs more time to thoroughly assess the market situation and material injury claims. The antidumping duty investigation was launched in July this year and the goods subject to... Read More
Provisional antidumping duties on Chinese wire rod imports to Colombia
The Colombian ministry of commerce, industry and tourism, MINCIT, has applied provisional antidumping measures on imports of wire rod from China, according to a recent government resolution. According to MINCIT, the levies are now effective and will last for a period of four 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... Read More
Mexico offically set steel import tariffs valid for six months
The Mexican economy secretariat, SE, has officially set the final ruling over the imports of steel wire rods in addition to slab, HRC and CRC imports. Mexico will now apply 15 percent tariff on such imports. In a resolution published at Mexico’s official gazette, Diario Official, the government said that the measures will include about 97 items. The duties are effective as of October 8, 2015 and are valid for a peirod of six months. The tariff... Read More
IREPAS in Rome: Participants agree prices are close to the bottom
The 73rd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Rome, Italy on October 4-6, 2015. There were 84 producer representatives among the 284 registered delegates from 35 different countries. There were also 30 registrations representing 22 different raw material suppliers. IREPAS chairman Kim Marti stated during his opening address that the main challenges the long products industry is facing are overcapacity... Read More
The program of the 73rd IREPAS meeting
October 4th, Sunday 19:00 – 22:00 Welcome Cocktail at Parco dei Principi Grand Hotel & Spa October 5th, Monday 09:00 – 09:15 Welcome address by Chairman of IREPAS – Kim Marti 09:15 – 10:30 SESSION ONE “The Many Futures of an Industry – Targets, Trends, Trouble, and Taboo” Special Guest Speaker: Professor... Read More
Chilean producer applies for antidumping investigation against wire rod imports from China
According to media reports, Chilean steel producer CAP Acero has requested the nation’s price distortion commission, CNDP, to start antidumping investigations on the imports of wire rod from China. The Chilean producer reportedly blamed the Chinese imports of the product for the “damages” it has caused to the local steel industry, as wire rod imports from China have reached “significant volumes”. According to same media reports, CAP Acero... Read More
Short Range Outlook : September 2015
Long steel demand reasonable in Europe and North America for the season Trade for long steel products has been slower due to summer breaks in the northern hemisphere, although demand in Europe and North America could be described as reasonable for the season. Oversupply remains biggest problem Some oil producer countries are showing the effects of oil price reductions in terms of lower demand and currency devaluations that restrict imports. Oversupply... Read More
Mexico started AD investigation against wire rod imports from China
The Mexican economy secretariat, SE, has started AD investigations on imports of wire rod from China, it said on September the 1st, following recent countervailing duties applied on imports of graphite electrodes for electric arc furnaces from the Asian country. SE said it accepted the request of local producers ArcelorMittal, Deacero and Ternium, which claim the imports of the product from China had followed unfair trade practices. SE said the... Read More
AD duty investigation initiated against Chinese wire rod imports to Australia
Australia’s Antidumping Commission has announced that it has initiated an antidumping (AD) duty investigation against Chinese wire rod imports. The duty investigation launched following an application lodged by domestic wire rod producer OneSteel Manufacturing Pty Ltd covers the period between July 1, 2014 and June 30, 2015. The application alleges that Chinese wire rod has been exported to Australia at prices less than their normal value and that... Read More