Short Range Outlook : July 2022
Demand mostly very weak in global longs market, unlikely to improve in July and August It has become very complicated nowadays to use the word global when talking about the global long steel products market. It seems like there are different globes. Demand has disappeared almost everywhere and commodity prices are down, which definitely forces mills to slow down. The main issue for steel producers is volume and profitability. Adding salt to the wound,... Read More
US DOC issues final antidumping duty review results for rebar from Mexico
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping duty order on reinforcing bar imports from Mexico for the period between November 1, 2019, and October 31, 2020. Accordingly, the US DOC has determined that Mexican companies’ sales of the subject goods were made below normal value during the period of review. In addition, the DOC found that Deacero did not know that the subject product... Read More
US DOC issues preliminary antidumping duty decision on wire rod from S. Korea
The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on carbon and alloy steel wire rod from South Korea. During the review period from May 1, 2020, to April 30, 2021, South Korean steel producer POSCO was found to have not made sales of the given products at less than normal value. Accordingly, the DOC has calculated a weighted-average dumping margin of zero for the company.... Read More
EU’s duty suspension for Ukrainian products
The European Council has adopted a regulation allowing for trade liberalization and other trade concessions with regard to certain Ukrainian products for one year. The council stated that the regulation, which will come into force on June 4, 2022, will apply to the products either in transit from Ukraine to the EU or under customs control in the EU. All antidumping duties and safeguard measures on Ukrainian products are also lifted. According to the... Read More
IREPAS in Istanbul: War in Ukraine has fundamentally changed sentiment and product flows
The 86th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Istanbul, Turkey, on May 29-31, 2022, in conjunction with the SteelOrbis Spring ’22 Conference. There were 191 producer representatives from 60 different companies among the record high 766 registered delegates from a total of 59 different countries. There were also 105 registrations representing 51 different raw material suppliers. At the opening... Read More
EU suspends all duties and quotas on Ukrainian imports for one year
The European Council has stated that it has adopted a regulation allowing for temporary trade liberalization and other trade concessions with regard to certain Ukrainian products. All import duties on Ukrainian goods are suspended for one year. In addition, all antidumping duties and safeguard measures on Ukrainian products are also lifted. Read More
New duty regime in India
The Indian government has waived import duties on some key steel-making raw materials like coal and imposed the export duties on iron ore and steel products. The new duty regime has come into effect on the night of May 22, according to a government notification. The Indian government reduced import duty on ferro-nickel, coking coal from 2.5 percent to nil and that on coke and semi-coke from 5 percent to nil to bring down cost of production of steel... Read More
Short Range Outlook : May 2022
Global longs market faces challenges and uncertainties amid ongoing war in Ukraine Some oversupply is observed here and there in the global long steel products market. The market situation is getting worse. In particular, there is a vacuum in Western markets due to the war in Ukraine. Price hikes were very rapid and very steep, which could be a reason. Energy prices have negatively impacted manufacturing, especially in Europe. Inflation is another... Read More
US issues final results of antidumping review on rebar imports from Turkey
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on reinforcing bar imports from Turkey for the period between July 1, 2019 and June 30, 2020. Accordingly, the US DOC has determined that Turkey’s sales of the subject goods were made below normal value during the period of review. Additionally, the DOC found that Colakoglu Metalürji did not make sales of the subject... Read More
US DOC amends its antidumping orders for rebar from Turkey again
The US Department of Commerce (DOC) has announced that it has again amended the order and the final determination regarding its antidumping investigation on imports of reinforcing bars from Turkey, on the grounds that the final determination was not in harmony with the United States Court of International Trade (CIT). Accordingly, the DOC has determined the following new dumping margins: HABAS – 3.96 percent ICDAS – 4.17 percent All others... Read More