EU extends steel safeguard measures for another two years, technical adjustments made for wire rods
The European Commission has announced that it has decided to extend the safeguard measures on imports of 26 steel products for another two years until June 30, 2026, finding that the safeguard measure continues to be necessary to prevent serious injury. Without the extension, the current quota measures would expire on June 30, 2024. There are also some technical adjustments to the functioning of the measure in two product categories – hot rolled... Read More
The 91st IREPAS meeting will be held in Paris, France
The 91st IREPAS meeting will be held on September 15-17, 2024 in Paris, France in conjunction with the SteelOrbis Fall’24 Conference. Details will be announced later. Read More
IREPAS in Berlin : Weak demand, great uncertainty and aggressive Asian exports
The 90th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Berlin on April 28-30 in conjunction with the SteelOrbis Spring’24 Conference. There were 104 representatives from 41 different producers among the 445 registered delegates from a total of 57 different countries. There were also 91 registrations representing 52 different raw material suppliers. At the opening of the conference, Murat Cebecioglu,... Read More
Turkey restricts exports to Israel
Turkey’s Ministry of Commerce has announced that it has restricted the exports of 54 product groups to Israel. No details regarding these restrictions, which came into force as of today, April 9, have been disclosed yet. The restricted products include reinforcing bars, wire rods and flat steel products, as well as steel pipes and fittings, profiles, iron and steel construction materials, iron-steel wire, cement, aviation and jet fuel and metal... Read More
Short Range Outlook : April 2024
Global longs market under pressure from weak demand and China’s aggressive exports Demand in the global long steel products market continues to lag behind supply and the situation is getting worse because of China’s aggressive export policy. At the beginning of 2024, China accelerated its exports. Based on the data for the first two months of 2024, they are poised to exceed their record exports seen in 2015. Chinese steel producers seem to be... Read More
The program of the 90th meeting in Berlin
Day 1: Sunday, April 28, 2024 19:00 – 22:00 Welcome cocktail at InterContinental Berlin Day 2: Monday, April 29, 2024 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 09:45 SESSION ONE – Critical changes in the global long steel markets - Long products market outlook Overview of global construction... Read More
US issues final results of antidumping review on wire rods imported from Mexico
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on carbon and certain alloy steel wire rod from Mexico for the period between October 1, 2021, and September 30, 2022. Accordingly, the US DOC has determined that Mexican producers’ sales of the subject goods were made below normal value during the period of review. The DOC has determined weighted-average dumping margins... Read More
Canada launches antidumping probe against wire rod imports from three countries
The Canada Border Services Agency (CBSA) has announced that it has launched an antidumping (AD) duty investigation to determine whether certain wire rod from China, Egypt, and Vietnam are being sold at unfair prices in Canada. The investigation is the result of a complaint by Ivaco Rolling Mills. The CBSA will investigate whether the imports are being dumped and will make a preliminary decision within 90 days, at which time provisional duties may... Read More
Short Range Outlook : March 2024
No improvement in supply-demand balance in global longs market, Asian exports may surge The supply and demand balance in the global long steel products market has not improved compared to previous months. Unfortunately, the positive expectations after the Chinese New Year holidays have not materialized. It seems Chinese exporters will continue to be aggressive, which of course will also drive other Asian exporters (Japan, Vietnam, Taiwan and South... Read More
Short Range Outlook : February 2024
Some decisive positive developments still awaited in global longs market It seems like everybody in the global long steel products is waiting for some really positive developments to materialize. However, unfortunately, there is no substantive positive news coming out of China. Nevertheless, the country is driving iron ore prices and coal prices, while many long product mills are working to keep margins between scrap and finished products on the... Read More