Australia initiated antidumping investigation against rebar imports
The Australian Government Antidumping Commission has announced that it has initiated an antidumping (AD) duty investigation against rebar imports from South Korea, Malaysia, Singapore, Spain, Taiwan, Thailand and Turkey. The investigation launched upon the application of domestic steel producer OneSteel Manufacturing Pty Ltd (OneSteel) will cover the period between July 1, 2013 and June 30, 2014. The Commission will examine details of the Australian... Read More
Temporary tariffs imposed in Egypt
Egyptian Ministry of Industry and Foreign Trade announced that; temporary tariffs have been imposed to protect domestic reinforcing steel bar manufacturers. The 7.3 percent tariffs will last for a maximum of 200 days, but could eventually be made permament, the ministry said. Egyptian steelmakers have expressed concern about imports from Turkey, the world’s leading steel reinforcing bar exporter. Read More
IREPAS in Berlin: Specter of rising Chinese exports haunts the markets
The 71st meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Berlin, Germany on September 28-30. There were 82 producer representatives among the 288 registered delegates from 40 different countries. There were 48 registrations representing 33 different raw material suppliers. Raw material suppliers: Increasing Chinese exports will alter market balances Ioannis Meimaroglou, chairman of the IREPAS raw material suppliers... Read More
Chairman Marti: Fear of oversupply from China justified
Speaking at the opening of the SteelOrbis 2014 Fall Conference & 71st IREPAS meeting in Berlin on September 29, IREPAS chairman Kim Marti stated that the global economy is showing positive signals with 3.3 percent growth expected this year and 4 percent in 2015, adding that the US economy is also accelerating, helping the whole world to grow, especially its neighbors Canada and Central America. Mr. Marti also pointed out that consumer confidence... Read More
US DOC released final determination on rebar imports from Mexico and Turkey
The US Department of Commerce (DOC) released its final determinations in the antidumping investigations of rebar from Mexico and Turkey and the countervailing duty investigation of rebar from Turkey on September 9th, Tuesday. The DOC has calculated the following final dumping duty margins on imports from Mexico: Deacero : 20.58% (preliminary determinaton was 20.59%) Grupo Simec : 66.70% (preliminary determinaton... Read More
Short Range Outlook : September 2014
Challenging times in global longs market despite some demand improvements There has been a reasonable resumption of demand for long steel products in the North American and northern EU markets following the holiday period. Overall, the supply-demand imbalance seems to have eased, particularly for semi-finished materials, as a result of some cuts in production. Geopolitical conflict has caused business disruptions in the Black Sea region, Iraq and... Read More
Malaysia initiated antidumping investigation against rebar imports
Malaysian authorities have initiated an antidumping investigation regarding reinforcing steel bar imports from China and South Korea on September 2, 2014, following a petition filed by domestic steel producer Ann Joo Steel Berhad, according to the country’s official gazette. The petition covers reinforcing steel bars equal to six meters or less for non construction usage. Read More
Short Range Outlook : June 2014
Healthy demand but persisting concerns in global long steel products market Demand has continued to improve in the global long steel products market, especially in the Americas and the EU. The US market remains particularly healthy demandwise, though supply is still very high, leading to worries that the market may have peaked. Commercial activity is increasing in Central and South America, with the exception of Brazil where the market appears to... Read More
Morocco rescinds Turkey’s exemption from safeguard measures
Turkey’s Ministry of Economy announced that; Morocco has excluded Turkey from the countries who were exempt from the safeguard measure on concrete steel reinforcing bar and wire rod imports. On March 21 this year, Morocco’s Ministry of Industry, Trade and New Technologies had announced that Turkey was exempt from the safeguard measure along with developing countries. On the other hand, China is listed among the developing countries who... Read More
Short Range Outlook : May 2014
Some bright spots in global long steel demand despite ongoing uncertainties The global long steel products market is still characterized by uncertainty amid the adverse effects of ongoing political tensions. The market combines areas where business is reasonably good, with some others where business is very weak. Real demand slowed down last month in the EU market due to the Easter holidays. However, the customers in the region who had postponed their... Read More