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

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

UPDATED: India may implement export duty on electrodes and likely to review the antidumping duty

In the new budget for 2018-19, the Indian government has made it possible to collect a 20 percent export tax on graphite electrodes to improve domestic supplies and promote the electric arc furnace (EAF) route of steelmaking in the country, however the export duty on the product in question remains nil for the time being. The 20 percent export tax might become effective anytime after April 1, the date the new budget comes into force, when the government... Read More

India imposes final antidumping duty on wire rod imports from China

India’s Ministry of Finance has announced that it has imposed a final antidumping duty on imports of wire rod of alloy or non-alloy steel from China. The antidumping duty rates for the mentioned imports are as follows: for China-based Minmetals Yingkou Medium Plate Co., Ltd : equivalent to the difference between the realized value of the subject goods and $535/mt for all other Chinese exporters : equivalent to the difference between the realized... Read More

India imposes antidumping duty on metallurgical coke imports from China and Australia

India’s Ministry of Finance has announced its final determinations in its antidumping duty investigation of imports of low ash metallurgical coke from China and Australia. According to Ministry of Finance’s statement, in its final findings India’s Directorate General for Anti Dumping and Allied Duties (DGAD) has concluded that dumped imports of the subject goods from China and Australia increased significantly in the period of investigation... Read More

India to complete antidumping duty investigations and replace minimum import price

India will complete ongoing antidumping investigations on steel imports by end of July so that the minimum import price (MIP), which does not comply with World Trade Organization (WTO) standards, can be replaced by an antidumping duty before the expiry of the MIP in August, an official at India’s Ministry of Commerce said on Tuesday, June 21. The ministry official said that the Directorate General for Anti Dumping and Allied Duties (DGAD) is in... Read More

India initiates AD probe on wire rod imports from China

India’s Ministry of Commerce and Industry has announced that it has initiated an antidumping duty investigation concerning imports of wire rod of alloy or non-alloy steel, originating in or exported from China. The investigation launched upon a complaint received from Indian producers Steel Authority of India Limited (SAIL), Rashtriya Ispat Nigam Limited (RINL), Usha Martin Limited and JSW Steel Limited, alleging that the subject goods are being... Read More

India announced minimum import prices

India’s Ministry of Commerce and Industry has announced a minimum import price for steel imports, valid for six months from the date of notification, February 5, or until further announcements. Imports covered by letters of credit already entered into before the date of notification will be exempt from the minimum import price implementation. The minimum steel import prices for steel billets, reinforcing bars and wire rods are as follows: Billets                     ... Read More

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