Preliminary AD duties on rebar imports from Mexico and Turkey to the U.S.
The U.S. Commerce Department set preliminary anti dumping duties of up to 66.7 percent on imports of reinforcing bars from Mexico and duties of up to 2.6 percent on Turkish imports, on Monday, April the 21st. A final decision is due on or about July 3rd. Such preliminary ruling set duties of 66.7 percent on imported rebars from Mexico’s Grupo Acerero S.A. de C.V. while Grupo Simec received a preliminary dumping margin of 10.66 percent. All... Read More
Long steel products demand varies significantly between different markets
The 70th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Barcelona, Spain on March 31-April 1. There were 101 producer representatives among the 330 registered delegates from 39 different countries. Ioannis Meimaroglu, chairman of the IREPAS raw material suppliers committee, underlined the record-high 44 registrations of representatives of a total of 32 different raw material supplier companies for this latest... Read More
Short Range Outlook : March 2014
Political instability casts a shadow over long steel market The global long steel products market has been adversely affected by political developments in Ukraine and Turkey, and also by the prevailing market conditions. The downward trend in raw material prices and the excess supply of finished products in the market have resulted in a slowdown in purchasing activity. Despite the continuing improvements in developed economies, these have not been... Read More
DeAcero suggests negotiation
Mexican steel producer DeAcero released a request on February 13th that the US Department of Commerce avoid trade disputes with Mexico and focus on the defense of NAFTA regions, which receive unfair imports from China and the European Union. The request read “Trade disputes between members of NAFTA should be resolved through negotiation and agreement rather than trade litigation.” DeAcero said “A suspension agreement in the antidumping... Read More
Short Range Outlook : February 2014
Difficulties in emerging markets adversely impact long steel business The annualized crude steel production of the world steel industry in December last year decreased to 1.521 billion metric tons as the average daily rate of production declined by 2.5 percent in the given month compared to the previous month. The capacity utilization rate of the industry was 74.2 percent in December. According to the World Steel Association (worldsteel), the 65... Read More
US DOC postponed preliminary determination on rebar imports
The United States Department of Commerce (DOC) was expected to announce its preliminary determination in the antidumping investigation on reinforcing bar imports from Mexico and Turkey on February 27th, 2014. However, the DOC announced on Feb 4th that it will make the preliminary determination by the 18th of April, 2014. Read More
Egypt terminated the safeguard investigation on rebar imports
Egyptian Chamber of Metallurgical Industries had lodged an application on behalf of some producers of steel reinforcing bars, alleging that the substantial increase in imports of steel reinforcing bars threatened to cause serious injury to the domestic industry, back in September 2012. The following companies were represented by the Chamber of Metallurgical Industries: Suez Iron Industries Co. Sarhan Steel Company Egyptian Company for Steel Suez... Read More
Short Range Outlook: November 2013
Some improvements in stable but quiet market The global long steel products market is generally stable but still quiet, though some movements have started to be observed as we approach the end of the year due to several different factors. First of all, a seasonal uptrend in ferrous scrap prices has been triggered as the winter approaches and supply is expected to be tightened. This same situation also exerts an impact on long steel product prices... Read More
Price volatility, overcapacity, credit restrictions and trade barriers among issues facing long steel industry, but positive signs from global economy
The 69th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 22-24, 2013. There were 120 producer representatives amongst the 407 registered delegates from 49 different countries. Kim Marti was named as Chairman of IREPAS, replacing Ugur Dalbeler. Ioannis Meimaroglu, Chairman of the Raw Materials Suppliers’ Committee, confirmed that a record high number of 42 representatives attended... Read More
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