US tariffs on Mexico delayed
The Trump administration said it will will delay the enforcement of 25 percent tariffs on Mexico for four weeks, the US leader said March 6 on his Truth Social platform. President Trump implied in his social media post that the reason for the policy shift was rooted more on actions Mexico has recently taken to enforce better border security. After speaking with Claudia Sheinbaum of Mexico, I have agreed that Mexico will not have to pay tariffs on... Read More
US officially slaps tariffs on Canada and Mexico, doubles tariffs on China
The US government has officially implemented 25 percent tariffs on all imports from its two leading trading partners Canada and Mexico as of today, March 4, according to a statement made by the White House. Also, energy imports from Canada will be subject to 10 percent tariffs. In early February this year, while postponing the tariffs in question, US President Donald Trump gave the Canadian and Mexican administrations 30 days to curb what he described... Read More
Trump announces 25% tariff on steel and aluminum imports
US President Donald Trump has announced 25 percent tariffs on foreign steel and aluminum imports on Monday, February 10. Trump stated that the tariffs, which will apply to the products from trading partners with duty-free exemptions or tariff-rate quota deals, including Canada, Mexico, Australia, Argentina, Brazil, South Korea, the EU, Japan and the UK, will be effective as of March 12, 2025. However, a White House official subsequently stated that... Read More
Short Range Outlook : February 2025
Global longs market under very strong pressure from Chinese exports, Trump 2.0 brings uncertainty and volatility The global long steel products market is currently under very strong pressure mainly because of Chinese exports, which have been increasing and not showing any signs of slowing down. We have already seen what Trump 2.0 means – uncertainty, volatility and a lack of visibility. It seems like the situation will get even worse until the... Read More
Trump postpones tariffs on Canada and Mexico for 30 days
US President Donald Trump has stated via social media that he has decided to postpone the recently announced additional 25 percent tariffs on imports from Canada and Mexico. Following the tariff announcements, Trump held conversations with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum, in which he expressed his concerns regarding border security. The Canadian and Mexican administrations made various commitments to... Read More
US officially imposes tariffs on Canada, Mexico and China
US President Donald Trump has imposed 25 percent additional tariffs on imports from Canada and Mexico and a 10 percent additional tariff on imports from China with the aim of ensuring national security and protecting the interests of Americans, according to a statement released by the White House. The tariffs in question will remain in force until the subject countries meet President Trump’s requirements. In the meantime should these countries... Read More
Short Range Outlook : January 2025
Pressure still rising in global longs market, some answers expected after January 20 The pressure in the global long steel products market is increasing as there is no positive news from China yet, while everywhere there is weak demand, market protection and excess capacity. Some questions about the future are expected to receive answers after Trump’s inauguration on January 20 Still no positive news heard from China Chinese export data for November... Read More
US to continue antidumping duty on rebar imports from seven countries
The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty (AD) orders on reinforcing bar imports from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine. The DOC found that revocation of the antidumping duty orders on the given product from the given seven countries would likely to lead to continuation or recurrence of dumping. The weighted-average dumping margins are at 114.53... Read More
US rescinds review of antidumping duty order on wire rod imports from Ukraine
The US Department of Commerce (DOC) has announced that it has rescinded the administrative review of the antidumping duty order against wire rod imports from Ukraine for the period of review between March 1, 2023, and February 29, 2024. The review, which was initiated on May 8, 2024, originally covered the following six companies: ArcelorMittal Steel Kryvyi Rih; Public Joint Stock Company Yenakiieve Iron and Steel Works; PrJSC Electrometallurgical... Read More
Canada issues final antidumping duty margins on rebar imports from three countries
The Canada Border Services Agency (CBSA) has announced the final determination of its antidumping (AD) duty investigation against rebar from Bulgaria, Thailand and the United Arab Emirates (UAE). The determined dumping margins are as afollows: Promet Steel JSC – Bulgaria : 15.9 percent Tata Steel Manufacturing (Thailand) Public Company Limited – Thailand : 6.2 percent Conares Metal Supply Limited – UAE : 4.2 percent The agency... Read More