Short Range Outlook : February 2016

Slightly better conditions in global long steel market but significant risk still exists Conditions in the global long steel products market are slightly better as we can see a “better” supply and demand balance in China and the US due to output cuts at the end of 2015 and amid the restocking cycle in North America and Europe during the first quarter of 2016.  On the other hand, there has not been much  improvement on the demand side. Buyers... Read More

Iran hikes import duties on steel

Reuters reported that the Iranian government has raised customs duties on certain steel imports to 10-20 percent to protect domestic steelmakers against the surge in Chinese exports. Reuters quoted Keyvan Ja’fari Tehrani, head of international affairs at the Iranian Iron Ore Producers and Exporters Association (IRIOPEX), as saying, “A steel import tax has been imposed… to protect local steel mills against dumping by China, Russia... Read More

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