Canada issues preliminary antidumping margins on rebar from seven countries
The Canada Border Services Agency (CBSA) has announced the preliminary determination of its antidumping (AD) duty investigation against certain concrete reinforcing bar imports from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam. The investigation was initiated in September 2020, after a complaint filed by the below domestic steelmakers AltaSteel Inc. ArcelorMittal Long Products Canada G.P. Gerdau Ameristeel Corporation. The products... Read More
Canada starts antidumping probe on rebar imports from seven countries
The Canada Border Services Agency (CBSA) has announced that it has initiated an antidumping duty investigation on certain concrete reinforcing bar from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam, after a complaint filed by Canadian steelmakers AltaSteel Inc., ArcelorMittal Long products Canada G.P. and Gerdau Ameristeel Corporation. The products subject to antidumping duty investigation currently fall under Customs Tariff Statistics... Read More
Short Range Outlook : June 2020
Global longs export markets shrink further amid protectionism, Russians dominate As expected, things are getting more difficult for exporters in the global steel market. The EU opened fire with an antidumping investigation on HRC imports from Turkey, with Turkey firing back with duties on steel products from the EU. Canada started a similar investigation against imports of heavy plates from several countries, while Egypt has been working on a 10 percent... Read More
Egyptian court suspends safeguard duty on billet and rebar imports
An Egyptian administrative court has suspended the country’s preliminary safeguard duty on billet and rebar imports, according to reports. The Egyptian government imposed a 15 percent safeguard duty on steel billet imports and 25 percent duty on reinforcing bar imports for a period of 180 days starting from April 15. Last month, Egyptian rerollers decided to take legal action to challenge the import duty on billet. Read More
Egypt imposes provisional safeguard duty on billet and rebar imports
The Egyptian government has notified the World Trade Organization (WTO) that it has imposed a provisional safeguard duty on steel billet and rebar imports for a period of 180 days starting from April 15. Egypt will collect up to 15 percent duty on billet imports and 25 percent duty on rebar imports. According to the notification made to the WTO, imports from developing countries shall not be subject to the proposed provisional safeguard measure as... Read More
US DOC releases recommendations for steel tariffs or quotas under Section 232
US Department of Commerce Secretary Wilbur Ross publicly released his recommendations to the president following the conclusion of the Section 232 investigation into steel imports, with three import remedy options: A global 24 percent tariff on all steel imports from all countries. A tariff of at least 53 percent on steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Korea, Russia, South Africa, Thailand, Turkey and Vietnam. A quota... Read More
Egypt maintains antidumping duties on rebar imports
Egypt’s Ministry of Industry and Trade has decided to maintain the antidumping duties imposed on rebar imports from Turkey, Ukraine and China for a period of five years as of today, December 6, according to a report by Reuters. The ministry first imposed the antidumping duties on rebar imports from the three countries in question in June this year for a period of four months and then extended the duties for a further two months, bringing the total... Read More
Egypt announced temporary antidumping duties on rebar imports from Turkey, Ukraine, and China
Egypt’s Ministry of Industry and Trade has announced the results of its antidumping duty investigation regarding imports of reinforcing bar from Turkey, Ukraine and China. Accordingly, for a period of four months, the ministry has calculated antidumping duties ranging between 10 percent and 19 percent for Turkey, between 15 percent and 27 percent for Ukraine and standing at 17 percent for China. The ministry has also suspended the imposition of... Read More
Egypt starts antidumping investigation on wire rod imports from China, Turkey and Ukraine
According to market players, Egypt has launched an antidumping duty investigation against wire rod imports from China, Turkey and Ukraine, upon a request from domestic steel producers. Egypt also recently initiated an antidumping duty investigation against reinforcing bar imports from the countries in question. Read More
Short Range Outlook : January 2017
Fears recede in global long steel market amid upbeat sentiment for 2017 There has been no significant change in the global long steel products market compared to last month in terms of supply and demand balance. Demand remains relatively weak, but we have seen better discipline on the supply side, which has had a positive impact on pricing dynamics. Demand is expected to pick up in the coming weeks. Economic numbers are strong and most fears regarding... Read More