US ITC affirms AD orders on wire rod from six countries, revokes Ukraine’s
USITC (The US International Trade Commission) made its determinations in its five-year (sunset) reviews concerning Carbon and Certain Alloy Steel Wire Rod from Brazil, Indonesia, Mexico, Moldova, Trinidad and Tobago, and Ukraine. The commission made affirmative determinations with respect to the existing countervailing duty order on carbon and certain alloy steel wire rod from Brazil and the existing antidumping duty orders on this product from Brazil,... Read More
Preliminary AD duties on rebar imports from Mexico and Turkey to the U.S.
The U.S. Commerce Department set preliminary anti dumping duties of up to 66.7 percent on imports of reinforcing bars from Mexico and duties of up to 2.6 percent on Turkish imports, on Monday, April the 21st. A final decision is due on or about July 3rd. Such preliminary ruling set duties of 66.7 percent on imported rebars from Mexico’s Grupo Acerero S.A. de C.V. while Grupo Simec received a preliminary dumping margin of 10.66 percent. All... Read More
Anti dumping investigation in Australia against wire rod imports
Australia’s Anti Dumping Commission has announced initiation of an antidumping investigation against imports of hot rolled wire rod in coils with a diameter of less than 14 mm which fall under the Customs Tariff Statistics Position Numbers 7213.91.00 and 7227.90.90, from Indonesia, Taiwan and Turkey. The investigation is initiated basis application by the Australian steel producer OneSteel Manufacturing Pty Ltd (OneSteel), which alledges that... Read More
Long steel products demand varies significantly between different markets
The 70th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Barcelona, Spain on March 31-April 1. There were 101 producer representatives among the 330 registered delegates from 39 different countries. Ioannis Meimaroglu, chairman of the IREPAS raw material suppliers committee, underlined the record-high 44 registrations of representatives of a total of 32 different raw material supplier companies for this latest... Read More
Marti: Industry is still facing overcapacity problem
Speaking at the SteelOrbis Spring’14 Conference & 70th IREPAS Meeting in Barcelona, Spain today, IREPAS chairman Kim Marti stated that the long steel industry is still facing the problem of overcapacity, especially in China, though the same issue is now also being observed in Turkey, citing production cuts as still being a significant option. Mr. Marti emphasized that the continuation of free trade is unquestionable, though adding that... Read More
DeAcero suggests negotiation
Mexican steel producer DeAcero released a request on February 13th that the US Department of Commerce avoid trade disputes with Mexico and focus on the defense of NAFTA regions, which receive unfair imports from China and the European Union. The request read “Trade disputes between members of NAFTA should be resolved through negotiation and agreement rather than trade litigation.” DeAcero said “A suspension agreement in the antidumping... Read More
Short Range Outlook : February 2014
Difficulties in emerging markets adversely impact long steel business The annualized crude steel production of the world steel industry in December last year decreased to 1.521 billion metric tons as the average daily rate of production declined by 2.5 percent in the given month compared to the previous month. The capacity utilization rate of the industry was 74.2 percent in December. According to the World Steel Association (worldsteel), the 65... Read More
US DOC postponed preliminary determination on rebar imports
The United States Department of Commerce (DOC) was expected to announce its preliminary determination in the antidumping investigation on reinforcing bar imports from Mexico and Turkey on February 27th, 2014. However, the DOC announced on Feb 4th that it will make the preliminary determination by the 18th of April, 2014. Read More
AD and CVD duty petition against wire rod imports from China to the US
An antidumping and countervailing duty petition against imports of wire rod from China is filed by a coalition of US producers of carbon and certain alloy steel wire rod. The coalition is comprised of the following producers: Nucor ArcelorMittal USA Charter Steel Evraz Rocky Mountain Steel Gerdau Ameristeel Keystone Consolidated Industries filed China is now the largest source of wire rod imports in the US, and the filed antidumping and countervailing... Read More
Administrative review of wire rod imports from Mexico to the US initiated
The US Department of Commerce announced the initiation of an adminsitrative review of the antidumping orders on carbon and certain alloy steel wire rod from Mexico – Deacero S.A. de C.V. on December 3rd, 2013. The period of review is October 1, 2012 through September 30, 2013. Read More