Australia maintains antidumping duty on rebar imports from China
Australia’s Antidumping Commission has announced that it has decided to maintain the antidumping (AD) duty on rebar imported from China for another five years until April 13, 2026. The sunset review was initiated on July 10, 2020, for the period from July 1, 2019 to June 30, 2020. The existing antidumping duty on rebar up to 50 mm diameter from China was imposed in 2016 at 19 percent. The products in question currently fall under Customs Tariff... Read More
Short Range Outlook : April 2021
Producers dominate in global longs market, outlook appears very positive Lead times are longer than ever in the global long steel products market and there is still strong demand, encouraging mills to continue increasing their prices. The situation has certainly become better from the producers’ point of view. They are all making money and their lead times are elongated. Shortages of material keeps prices and margins high It was somewhat surprising... Read More
Short Range Outlook : March 2021
Spring brings generally bright prospects for global long steel market The current situation and sentiments are generally very good in the global long steel products market. Order books are mostly filled to above average levels. The holiday season is over, winter in the northern hemisphere is coming to an end and vaccinations are progressing. These factors as well as stimulus activities, a will to return to normal, and strong investments are all strong... Read More
Short Range Outlook : February 2021
Sentiment improves in global longs market, concerns remain for February and March Despite some very good margins for December, the global long steel products market is facing more concerns for February and March. China did increase its presence in the export markets and did enter at prices comparable to other sources, but ended up lowering its prices quite quickly. In the current global market circumstances, sentiment is better and so a return to... Read More
Short Range Outlook : January 2021
Short supply in global longs market, full impact of vaccines remains to be seen Supply is still on the short side in the global long steel products market and this situation will probably not change until the second quarter. Chinese demand for raw materials and semi-finished products has been providing the main boost to the markets. As vaccines have started to be released, depleted supply chains have to be replenished, with plans being made for stronger... Read More
China officially announces new standards and allows scrap imports
The China Ministry of Ecology and Environment has announced that starting from January 1, 2021, it officially allows imports of scrap as a recycled steel raw material. Scrap under HS codes 7204100010, 7204210010, 7204290010, 7204410010 and 7204490030 is classified as recycled steel raw material and can be free of the ban. For now only these HS codes were announced as allowed for imports. No further details have been announced officially yet regarding... Read More
Short Range Outlook : December 2020
Global longs market gradually scrabbling back towards normalization The global long steel products market is gradually scrabbling back towards normalization. As effective vaccines are being rolled out, the markets are realizing that we are returning to normal. Business is flourishing. Supply chains are currently restocking and orders are solid, while production levels are not keeping up. Much better situation prevails now in terms of market prices The... Read More
Short Range Outlook : November 2020
Global longs market becomes even more regionalized amid widespread protectionism The global long steel products market is becoming even more regionalized. All the safeguard measures, tariffs and antidumping and countervailing cases are reducing the global exchange of products more and more. The Covid-19 pandemic gives producers in certain markets the pretext to lobby their governments with even more arguments to get their domestic markets protected... Read More
EU initiates expiry review on imports of wire rod from China
The European Commission has announced that it has initiated an expiry review of the antidumping duty on imports of wire rod from China. The application for the review was filed by the European Steel Association (EUROFER), alleging that the expiry of the existing measures would be likely to result in continuation or recurrence of dumping and injury to the EU industry. The investigation of a continuation or recurrence of dumping will cover the period... Read More
83rd IREPAS meeting : Global long steel demand more or less same as before pandemic
The 83rd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held as a virtual event to ensure the health and well-being of all participants, on September 21, 2020 in conjunction with the SteelOrbis Fall’20 Conference. There were 205 producer representatives among the 627 registered delegates from a total of 53 different countries. There were also 73 registrations representing 35 different raw material suppliers. At... Read More