Canada will move forward with antidumping case against rebar from six countries
The Canadian International Trade Tribunal today determined that there is a reasonable indication that the alleged injurious dumping of certain concrete reinforcing bar originating or exported from the Belarus, Taiwan, Hong Kong, Japan, Portugal and Spain has caused injury or is threatening to cause injury to the domestic industry. The Tribunal’s preliminary injury inquiry was conducted pursuant to subsection 34(2) of the Special Import Measures... Read More
Chile reviewing duties on rebar imports from Mexico
Chile’s price distortion commission, CNDP, expects to review on Friday an existing provisional, ad valorem duty already applied to the imports of Mexican origin rebar. Depending on the outcome of CNDP’s meeting, Chile could extend the tariff for one more year or longer. Currently, Mexican rebar pays a provisional antidumping (AD) tariff of 11 percent, which was reduced from 13.1 percent, following a resolution published at the nation’s official... Read More
Australia starts antidumping review on rebar from Celsa (Spain)
Australia’s Antidumping Commission has announced that it has initiated a review of the antidumping measures applying to certain reinforcing bar imports from Spain. The review will be limited to examining whether the variable factors relevant to the taking of the antidumping measures as they affect the Spanish steel producer Celsa should be varied. Currently, the antidumping duty stands at three percent for Celsa and the duty was originally imposed... Read More
Italy includes Ferriere Nord and Riva Acciaio in cartel probe
The Italian Competition Authority has included two Italian reinforcing bar producers, Ferriere Nord and Riva Acciaio, in its investigation launched in October 2015 on major Italian companies that produce and sell reinforcing bar and steel mesh. This inclusion came after a separate investigation regarding Nuovo Campsider Association, a branch of the Italian steel association Federacciai, found that market information regarding scrap was shared among... Read More
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
Malaysia imposes preliminary safeguard duty on rebar imports
The Malaysian government has announced the preliminary decision in its safeguard investigation regarding rebar imports into Malaysia. The government stated that there was an increase in imports of the products during the investigation period, which is from October 1, 2012 to September 30, 2015, and the increase in imports has caused serious injury to the domestic industry in respect of the decline in market share, domestic sales in terms of value,... 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
The programme of the 75th IREPAS meeting
September 25th, Sunday 19:00 – 22:00 Welcome Cocktail at Intercontinental Vienna September 26th, Monday 09:00 – 09:25 Welcome address by Chairman of IREPAS 09:25 – 10:25 SESSION ONE - Global economic developments and expectations Lutz Karpowitz, Commerzbank AG / Director of FX Strategy Where... 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