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 : December 2022
First quarter of 2023 could be very difficult for global long products market Raw material costs are increasing once again and energy prices are expected to be very high at least until March 2023. Mills are facing cost pressures once more in the global long steel products market. Business activity has been reduced during the past month and, even though scrap and iron ore prices have gone up, net margins have either at best kept pace or in some cases... Read More
US issues preliminary antidumping duty review results for rebar from Mexico
The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping (AD) duty order on reinforcing bars imported from Mexico for the period between November 1, 2020, and October 31, 2021. Accordingly, the US DOC has determined that Mexican companies’ sales of the subject goods were made below normal value during the period of review. The DOC has determined the below weighted-average dumping margins: Deacero... 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