IREPAS in Vienna: Global longs market focuses on challenges amid signs of stabilization
The 75th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Vienna, Austria on September 25-27, 2016. There were 94 producer representatives among the 285 registered delegates from 33 different countries. There were also 44 registrations representing 30 different raw material suppliers. On the last day of the conference, producers of long steel products and steel billets, as well as traders and raw material suppliers,... Read More
US rebar coalition files AD/CVD petition against imports from Turkey, Japan and Taiwan
The Rebar Trade Action Coalition (RTAC), a coalition of US rebar producers, filed petitions asking the US Department of Commerce and the International Trade Commission to conduct antidumping investigations into imports of rebar from Japan, Taiwan, and Turkey , and a countervailing duty investigation into imports of rebar from Turkey. The petitions demonstrate that Japanese, Taiwanese, and Turkish rebar producers are dumping their product into the... Read More
Short Range Outlook : September 2016
Increased stability and reduced price spreads in global long steel market The global long steel products market has seen some stability over the last few weeks as the increase in Chinese origin offer prices halted the weakening of global long product prices. The spread between Chinese and Turkish origin reinforcing bar prices has narrowed significantly and is becoming even narrower. Likewise, the price spread between the most expensive FOB or ex-works... Read More
Short Range Outlook : August 2016
Global long steel products market still in critical situation despite greater price stability The global long steel products market is still in a critical situation as market activity has been pretty slow for a long time. Demand in the market has softened but supply remains the same. Buyers have been receiving offer alternatives but they are not in a hurry to buy. As such, sizable purchases have not been observed over the past two months. Under these... Read More
Short Range Outlook : July 2016
Volatility in pricing and availability still a challenge for global long steel products market The global long steel products market has been going through a volatile period since March this year. Volatility in pricing has led to swings in availability of both steel and steel scrap, and this continues to be a challenge for the business environment. With low inventories in general throughout the supply chain comes larger pricing swings. Mills currently... Read More
Short Range Outlook : June 2016
Global long steel products market once again under pressure from Chinese supply Conditions have deteriorated internationally in the global long steel products market during the past month mainly due to Chinese supply. Although it was expected, the global long steel products market is once again facing difficulties following a period of relief lasting two to three months. Higher-priced market sparks surge in Chinese steel output The initial price increases... Read More
Short Range Outlook : May 2016
Supply-demand equilibrium now healthier in global longs market Supply and demand have reached a healthier equilibrium in the global long steel products market mainly due to Chinese supply being more focused on its domestic market. Low local stocks in the global markets and stronger demand in the construction segment have also helped and consequently prices have jumped to what may be considered to be reasonable levels. Low stocks still observed in... Read More
US DOC recalculated antidumping margin on rebar imports from Turkey
The US Department of Commerce has recalculated the antidumping duty on reinforcing bar imports from Turkey, as per sources. The US DOC had calculated the antidumping duty rate for reinforcing bar imports from Turkey as zero percent in its final decision made on September 9, 2014. However, the US industry appealed the DOC’s final determination to the US Court of International Trade (CIT). Accordingly, the DOC has amended the dumping margin for reinforcing... Read More
Short Range Outlook : March 2016
Improved conditions finally observed in global long steel market Conditions in the global long steel market is better as demand is steady or has edged up. Good news on demand side The long steel products market had recently fallen to price levels that made no economic sense and doing business had become questionable. The steel world dropped off into a senseless across-the-board price erosion from October 2015 until mid-February 2016. However, there... Read More
Short Range Outlook : February 2016
Slightly better conditions in global long steel market but significant risk still exists Conditions in the global long steel products market are slightly better as we can see a “better” supply and demand balance in China and the US due to output cuts at the end of 2015 and amid the restocking cycle in North America and Europe during the first quarter of 2016. On the other hand, there has not been much improvement on the demand side. Buyers... Read More