US DOC calculated 2.13 percent final dumping margin on Mexican wire rod
The US Department of Commerce (DOC) published the final results of its administrative review of the antidumping order on carbon and certain alloy steel wire rod from Mexico, on May 12th. The subject review covered one Mexican producer/exporter and its affiliated U.S. importer – Deacero S.A.P.I. de C.V. and Deacero USA, Inc. (collectively “Deacero”) – during the period from October 1, 2012 through September 30, 2013. The DOC calculated a final... Read More
Short Range Outlook : May 2015
Decent demand in global long steel market but excess supply still prevails The recent increase in metallics prices has imparted positive momentum to demand in the global long steel products market. Demand is still good in North and Central America and in some countries in South America. On the other hand, customers have been heavily destocking during the entire first quarter in some other markets, reducing buying quantities in these markets. Long... Read More
IREPAS in Paris: Long steel players continue to look for opportunities amid ongoing challenges
The 72nd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Paris, France on March 22-24, 2015. There were 95 producer representatives among the 304 registered delegates from 40 different countries. There were also 39 registrations representing 28 different raw material suppliers. On the last day of the conference, producers of long steel products and steel billet, as well as traders and raw material suppliers,... Read More
Short Range Outlook : March 2015
Global long steel market remains under strong pressure from supply side The global long steel products market is still under supply pressure with strong and agressive offers in terms of volumes and prices. Imbalance between scrap and iron ore prices closes faster than expected The imbalance between prices of iron ore and scrap has been closing as expected, but at a much faster rate. Lower scrap prices will benefit EAF-based producers and help them... Read More
Short Range Outlook : February 2015
Strong supply pressure and agressive offers in global long steel market The global long steel products market has been under supply pressure with strong and agressive offers in terms of volumes and prices since the beginning of 2015. Healthy demand in North America Markets in North America keep showing healthy demand. The reinforcing bars market in the US increased to almost 8 million metric tons in 2014, although imports at competitive pricing have... Read More
Short Range Outlook : January 2015
Lull in markets due to holiday period The global long steel products market has been quiet recently mostly because of the holidays in many countries, with business volumes shrinking to low levels. The market situation has deteriorated with strong and agressive offers in terms of volumes and prices, with demand stagnating. Many consumers of deformed reinforcing bars are squeezed by low prices and strong pressure from the construction side. What will... Read More
US DOC publishes final AD & CVD margins for Chinese wire rod imports
The US Department of Commerce (DOC) published the antidumping (AD) and countervailing duty (CVD) orders on carbon and certain alloy steel wire rod from China. The final dumping margins in the AD investigation are: I. Three “separate rate” companies: 106.19%. Hunan Valin Xiangtan Iron & Steel Co., Ltd.; Jiangsu Shagang International Trade Co., Ltd.; Rizhao Steel Wire Co., Ltd. II. China-wide rate (i.e., all other Chinese producers and exporters)... Read More
US DOC to issue AD/CVD orders on Chinese wire rod imports
The United States International Trade Commission (USITC) determined Monday that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the US Department of Commerce (DOC) has determined are subsidized and sold in the United States at less than fair value. All six Commissioners voted in the affirmative. As a result of the USITC’s affirmative determinations, the DOC will issue antidumping... Read More
Short Range Outlook : December 2014
Oversupply still evident Oversupply has been evident in the global long steel market from September up to the end of November, slowing down demand, putting pressure on the market and pushing prices downwards. However, outputs are being reduced in certain areas and demand in the global long steel products market is now at reasonable levels although purchasing processes in general have been delayed or even fragmented due to the general price downtrend.... Read More
US DOC announced final determination on wire rod imports from China
The US Department of Commerce (US DOC) announced Thursday its affirmative final determinations in the antidumping duty and countervailing duty investigations of imports of carbon and certain alloy steel wire rod from the People’s Republic of China (China). The US DOC determined that imports of carbon and certain alloy steel wire rod from China have been sold in the United States at dumping margins ranging from 106.19 percent to 110.25 percent. Additionally,... Read More