Short Range Outlook : January 2025
Pressure still rising in global longs market, some answers expected after January 20 The pressure in the global long steel products market is increasing as there is no positive news from China yet, while everywhere there is weak demand, market protection and excess capacity. Some questions about the future are expected to receive answers after Trump’s inauguration on January 20 Still no positive news heard from China Chinese export data for November... Read More
US to continue antidumping duty on rebar imports 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 reinforcing bar imports 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 likely to lead to continuation or recurrence of dumping. The weighted-average dumping margins are at 114.53... Read More
US ITC votes to maintain antidumping duty order on rebar imports from seven countries
The US International Trade Commission (ITC) has determined that revoking the existing antidumping duty order on rebar from Belarus, China, Indonesia, Latvia, Moldova, Poland and Ukraine would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the ITC’s affirmative determination, the existing order on imports of this product from these countries will remain in place. The weighted-average... Read More
Short Range Outlook : December 2024
Global longs market enters holiday season, but deep uncertainties lie ahead next year The global long steel products market has mostly entered the holiday period. In many markets, business will start moving only after January 13. Many uncertain factors lie ahead for the post-holiday period, including the situation regarding Chinese exports, the actions likely to be taken by the new US administration and the difficulties faced by the steel industry... Read More
Short Range Outlook : November 2024
Gloomy demand picture prevails in global longs market, but possible bright spots on horizon The supply and demand balance in the global long steel products market is being impacted strongly by low demand and it is reasonable to expect that, if the US introduces new market protection measures, other countries will follow. There is simply not enough demand in the world for all the steel produced. Despite the overall gloomy scenario of mostly insufficient... Read More
IREPAS in Paris : Optimism has been postponed
The 91st meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Paris on September 15-17 in conjunction with the SteelOrbis Fall’24 Conference. There were 140 representatives from 47 different producers among the 493 registered delegates from a total of 58 different countries. There were also 100 registrations representing 57 different raw material suppliers. At the opening of the conference, Murat Cebecioglu,... Read More
Canada issues final antidumping margins on wire rod imports from three countries
The Canada Border Services Agency (CBSA) has announced the final determination of its antidumping (AD) duty investigation against certain wire rod from China, Egypt and Vietnam. The determined dumping margins are as follows: Jiangsu Shagang (China) : 34.0 percent All other Chinese companies : 46.2 percent Suez Steel (Egypt) : 8.6 percent All other companies in Egypt : 21.3 percent Hoa Phat Dung Quat Steel (Vietnam) : 17.7 percent Hoa Phat Hai Duong... Read More
The program of the 91st meeting in Paris
Day 1: Sunday, September 15, 2024 19:00 – 22:00 Welcome cocktail at Marriott Rive Gauche Hotel Paris Day 2: Monday, September 16, 2024 09:15 – 09:30 Welcome address by Chairman of IREPAS 09:30 – 11:00 SESSION ONE – Global markets and CBAM impact - Latest developments in the global steel market and recent trends... Read More
Short Range Outlook : July 2024
Lack of Chinese government action could cause great damage to global longs industry The supply and demand balance in the global long steel products market is becoming more unstable, with China now actively moving steel billets at the lowest prices. Finished products from China continue to dominate most markets, both in the long and flat segments. Even though there is a lot of material being offered in the market, it seems that the current raw material... Read More
Canada issues preliminary antidumping margins on wire rod imports from three countries
The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping (AD) duty investigation against certain wire rod from China, Egypt and Vietnam. The estimated dumping margins are as follows: China : 50.9 percent and 71.1 percent Egypt : 49.7 percent and 99.8 percent Vietnam : 6.1 percent, 18.3 percent, 38.9 percent The products subject to the preliminary duty currently fall under the below listed Customs Tariff... Read More