IREPAS in Istanbul: Uncertainty prevails in slow market with weak demand
The 89th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Istanbul on September 17-19, marking the 40th anniversary of the foundation of the association, in conjunction with the SteelOrbis Fall ’23 Conference. There were 217 representatives from 61 different producers among the 783 registered delegates from a total of 59 different countries. There were also 105 registrations representing 55 different raw... Read More
US to continue CVD orders on wire rod from Italy
The US Department of Commerce (DOC) has announced the final results of the sunset review of the countervailing duty (CVD) order on carbon and alloy steel wire rod from Italy. The DOC found that revocation of the countervailing duty (CVD) order on the given product from the country would be likely to lead to a continuation or recurrence of subsidies. The final subsidy rates are at 44.18 percent for Ferriera Valsider, and 4.16 percent for Ferriere Nord... Read More
UK initiates safeguard extension review for 15 steel product categories
The UK’s Trade Remedies Authority (TRA) has announced that it has initiated an extension review of the safeguard measure on 15 categories of steel products that is due to expire on June 30, 2024. The products include HRC, CRC, metallic coated sheet, organic coated sheet, tin mill products, quarto plates, merchant bars and light sections, reinforcing bar, wire rod, angles, sections, railway material, gas pipes, hollow sections and large welded tubes. The... Read More
The program of the 89th meeting in Istanbul
Day 1: Sunday, September 17, 2023 19:00 – 22:00 Welcome cocktail at Swissôtel The Bosphorus Day 2: Monday, September 18, 2023 09:15 – 09:30 Welcome address by Chairman of IREPAS 09:30 – 11:30 SESSION ONE: Critical changes in the global long steel markets - Keynote speech: Figures and comments from WTO report Illicit... Read More
US to continue CVD orders on wire rod from Turkey
The US Department of Commerce (DOC) has announced the final results of the sunset review of the countervailing duty (CVD) order on carbon and alloy steel wire rod from Turkey. The DOC found that revocation of the countervailing duty (CVD) order on the given product from the country would be likely to lead to a continuation or recurrence of subsidies. The final subsidy rates are as follows: Habas – 3.88 % ICDAS – 3.81 % all other Turkish... Read More
Short Range Outlook : August 2023
General slowdown in global longs market puts producers under pressure The global long steel products market is slowing down in general, which is putting pressure on producers. Demand for reinforcing bars and wire rods remains very weak and there is strong pressure on prices from the new exporters – Algeria, Egypt, the UAE and Saudi Arabia – who are in the market with very aggressive offers. Business still stagnant in US, high interest... Read More
US issues preliminary antidumping review results on rebar from Turkey
The US Department of Commerce (DOC) has announced the preliminary results of its administrative reviews of the antidumping duty orders on rebar from Turkey. During the review period from July 1, 2021, to June 30, 2022, certain Turkish producers were found to have made sales of the subject products at less than normal value. The DOC has determined a weighted-average dumping margin of 29.30 percent for Kaptan Demir Celik and other companies, while the... Read More
US ITC votes to maintain AD/CVD orders on wire rod imports from 10 countries
The US International Trade Commission (ITC) determined that revocation of the existing countervailing duty orders on carbon and alloy steel wire rod from Italy and Turkey and revocation of the existing antidumping duty orders on carbon and alloy steel wire rod from Belarus, Italy, Russia, South Africa, South Korea, Spain, Turkey, Ukraine, United Arab Emirates, and the United Kingdom would be likely to lead to continuation or recurrence of material... Read More
US issues final anti dumping duty review results on rebar from Mexico
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on rebar from Mexico for the period between November 1, 2020, and October 31, 2021. Accordingly, the US DOC has determined that Mexican producers’ sales of the subject goods were made below normal value during the period of review. The DOC has determined the following weighted-average dumping margins: 2.30 percent... Read More
Short Range Outlook : June 2023
Global longs market impacted by variety of negative factors, especially low consumption The supply and demand balance in the global long steel products market is not getting any better and the main export destinations are requiring lower offers almost every week. The overriding issue for the market is volume and the lack of volume which is in effect coming from the lack of consumption. Consumption has unfortunately not recovered yet from the pandemic.... Read More