US to continue anti dumping orders on wire rod imports from 10 countries
The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty orders on carbon and certain alloy steel wire rod from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates (UAE), and the UK. The DOC found that revocation of the antidumping duty orders on the given product from the given countries would be likely to lead to continuation or recurrence of... Read More
Short Range Outlook : March 2023
Better demand in global longs market It seems that demand in the global long steel products market is somewhat better after the holiday season. There have been signs of a pickup in demand everywhere in the past month, apart from the EU. The supply in the market has been adjusted accordingly, which has had a positive influence on prices. Consequently, the whole market dynamic has changed. The price spread between Chinese origin reinforcing bars and... Read More
US announces final results of Turkish rebar antidumping administrative review
The US Department of Commerce (DOC) has announced the final results of the administrative review on six companies regarding the antidumping (AD) duty on reinforcing bar imports from Turkey. The DOC found that one of the six, HABAS, made no shipments during the review period, July 2020-June 2021. As a result of the review, the DOC has determined weighted-average dumping margins of 1.13 percent and 5.51 percent for two individual respondents, Colakoglu... Read More
Short Range Outlook : February 2023
Unpredictability persists in global longs market, recession fears may have been exaggerated The global long steel products market is still characterized by unpredictability. China’s impact on the global markets is still an open question and this contributes to the unpredictability for the second quarter. It seems that customers heard too much talk of recession last year and were convinced that all construction would stop in 2023. Actually, it looks... Read More
Short Range Outlook : November 2022
Demand at crisis levels in global longs market, unlikely to improve in coming months Demand in the global long steel products market is either very low or there is no demand at all, depending on the region. Overall demand is less than real supply and possible supply increases. The demand for ferrous materials has also slowed down considerably as industrial outlooks have lost visibility. Energy cost uncertainty and the destruction of demand have led... Read More
IREPAS in Monaco: The current crisis is a once-in-a-generation event
The 87th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Monaco, on October 9-11, 2022, in conjunction with the SteelOrbis Fall ’22 Conference. There were 108 producer representatives from 40 different companies among the 407 registered delegates from a total of 48 different countries. There were also 69 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat... Read More
US DOC continues CVD order on reinforcing bar imports from Turkey
The US Department of Commerce (DOC) has announced the final results of the sunset review on the countervailing duty (CVD) order on rebar 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 rate is at 15.99 percent for Habas Sinai ve Tıbbi Gazlar İstihsal Endüstrisi A.S. The countervailing duty... Read More
US DOC to continue antidumping orders on rebar from three countries
The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty (AD) orders on reinforcing bar imports from Turkey, Taiwan and Japan. The DOC found that revocation of the antidumping duty orders on the given product from these three countries would be likely to lead to continuation or recurrence of dumping. The DOC has determined weighted-average dumping margins of up to 4.17 percent for Turkey, up... Read More
Short Range Outlook : September 2022
Dramatic situation in global long products market, huge uncertainty lies ahead The situation in the global long steel products market is deteriorating as we have entered a rising-cost business cycle. Inventories are lasting a lot longer than expected due to the lack of demand in the market. The situation is dramatic, to say the least, and huge uncertainty lies ahead in the coming month. Europe and rest of the world seem to be two different planets Europe... Read More
US DOC issues preliminary antidumping review results on rebar from Turkey
The US Department of Commerce has announced the preliminary results of its administrative review of the antidumping duty order on reinforcing bar from Turkey. During the review period from July 1, 2020, to June 30, 2021, Turkish producers were found to have made sales of the subject products at less than normal value. Additionally, the US DOC preliminarily found that Habas made no shipments during the period of review, though it will not rescind the... Read More