Short Range Outlook: September 2013
Raw material costs to provide some support for long steel prices despite depressed conditions The excess supply situation in certain regions in the global long steel products market in July also continued to be observed in the month of August. That said, market sentiment has lately been better in the US and Europe, where some price increases have been achieved. The market dynamics have been improving slightly in Asia too. Although the weak yen encourages... Read More
AD/CVD petitions against rebar imported to the US from Turkey and Mexico
The Rebar Trade Action Coalition in the US has filed an antidumping (AD) petition against steel concrete reinforcing bar imports from Turkey and Mexico and a countervailing duty (CVD) petition against steel concrete reinforcing bar imports from Turkey. The individual members of the Rebar Trade Action Coalition are listed herebelow: Byer Steel Corporation Cascade Steel Rolling Mills Inc. Commercial Metals Company Gerdau Ameristeel Inc. Nucor Corporation The... Read More
Short Range Outlook: August 2013
US leads the way for demand in global long steel market The situation as regards excess supply in certain areas of the global long steel products market remained the same in July as compared to June, while there have been price rises due to availability restrictions amid some closures, like in the EU region, or also due to pressure on the raw materials side, like in Asia. In some markets, supply has been reduced to some extent, balancing with a certain... Read More
US DOC to maintain rebar AD orders for additional five years
The ITC (US International Trade Commission) issued its formal decision in the second sunset review of the antidumping orders against steel concrete reinforcing bars from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine. The ITC made affirmative determinations with respect to all countries that revocation of the orders would be likely to lead to the continuation or recurrence of injury to the domestic industry. Accordingly, the US Department... Read More
Short Range Outlook: July 2013
Supply-demand imbalance still prevails in long steel market Demand in the global long steel products market in June remained unchanged as compared to May. There has been no improvement in terms of the imbalance between supply and demand in the market, despite the best efforts of mills to adapt their production to demand levels and thus avoid the creation of further supply pressure. As expected and as mentioned in our press release last month, ferrous... Read More
Short Range Outlook: June 2013
Chink of light for long steel market as raw material prices approach bottom The supply and demand imbalance in the global long steel products market has worsened lately. Although real demand is not that bad globally, the continuous decline in prices of raw materials is causing a delay in purchase decisions, resulting in a decrease in apparent demand. In some markets, especially in Europe, this is putting pressure on prices. Demand seems to have dried... Read More
Short Range Outlook: May 2013
Overcapacity hinders price increases in global longs market Yet another month has passed in which demand in the global long steel products market has failed to show the long-awaited recovery. The volume of business has significantly declined in the overall global marketplace, even though volumes are either unchanged or have increased in some regions. Prices in the Far Eastern market are somewhat lower due to the increase in Chinese output and supply.... Read More
Short Range Outlook: April 2013
Global long steel market place hopes in output cuts and improving weather Demand in the global long steel products market has not indicated the long-awaited increase yet, and is still at very low levels due to the long and cold winter in the northern hemisphere, especially in the EU. Steel mills are still taking action to achieve a balance between supply and demand in the market. However, the supply levels have not really been of much help lately... Read More