Short Range Outlook : June 2024

Gloom persists in global longs market, no sign yet of corner being turned Demand in the global long steel products market continues to lag behind supply and the bottom of the market may not have been seen yet. The steel volumes being produced and being consumed are not growing. On the contrary, they are down in most regions. A lot depends on China Everyone one is expecting some move from Beijing, to slow down exports from China. The iron ore price... Read More

US to raise tariffs on Chinese steel products to 25 percent

In a statement from the White House, US President Joe Biden has announced that existing 0-7.5 percent import duties on Chinese steel products under the Section 301 tariffs will be increased to 25 percent this year. The decision, which was made following a review by the US Trade Representative, is designed to encourage China, the largest contributor to the global steel overcapacity issue, to eliminate its unfair trade practices, the statement indicated. According... 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

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

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

US to continue antidumping orders on rebar from seven countries

The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty (AD) orders on rebar from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine. The DOC found that revocation of the antidumping duty orders on the given product from the given seven countries would be likely to lead to continuation or recurrence of dumping. The DOC has determined weighted-average dumping margin of up to 114.53... 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

Short Range Outlook : December 2023

Global longs producers face various cost increases amid insufficient demand There has been some increase in demand-driven purchases in the global long steel products market but the question is whether consumption will continue to follow. We are in the holiday season and therefore not much demand is expected for the rest of the year. The winter season will also push up energy prices and, overall, mills will face cost increases. EAF-based steel mills’... Read More

Next Page »

Archives