Short Range Outlook : February 2024

Some decisive positive developments still awaited in global longs market It seems like everybody in the global long steel products is waiting for some really positive developments to materialize. However, unfortunately, there is no substantive positive news coming out of China. Nevertheless, the country is driving iron ore prices and coal prices, while many long product mills are working to keep margins between scrap and finished products on the... Read More

US extends steel TRQs for EU for another two years

The US has determined that specified volumes of steel product imports from the European Union will no longer threaten to impair national security, according to a statement by US President Joe Biden. Therefore, the tariff-rate quotas (TRQs) for steel and aluminum imports allocated to the EU have been extended for another two years until December 31, 2025. The tariff-rate quota volume specified in the 2021 agreement between the United States and the... 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 rebar from Turkey for the period between July 1, 2021, and June 30, 2022. Accordingly, the US DOC has determined that Kaptan Demir Celik Endustrisi ve Ticaret A.S., Kaptan Metal Dis Ticaret ve Nakliyat A.S. and certain other producers’ sales of the subject goods were made below normal value during the period of review.... Read More

US issues preliminary CVD review results on rebar from Turkey

The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the countervailing duty (CVD) order on rebar from Turkey. Accordingly, the DOC has preliminarily determined that Turkish suppliers Kaptan Demir Celik and Colakoglu Metalurji received countervailable subsidy rates at 5.54 percent and 0.03 percent (de minimis) respectively for the period from January 1, 2021, through December 31, 2021. The DOC stated... Read More

Short Range Outlook : December 2023

Global longs producers face various cost increases amid insufficient demand There has been some increase in demand-driven purchases in the global long steel products market but the question is whether consumption will continue to follow. We are in the holiday season and therefore not much demand is expected for the rest of the year. The winter season will also push up energy prices and, overall, mills will face cost increases. EAF-based steel mills’... Read More

Short Range Outlook : November 2023

No supply-demand improvement in global longs market, regionalization prevails The supply and demand situation in the global long steel products market is not getting any better, which continues to put pressure on producers. The increasing political influence on trade flows and particular markets in the form of antidumping and/or countervailing duties including also supply chain restrictions are leading to a more and more regionalized trade with a... Read More

US DOC rescinds review of countervailing duty order on rebar from Turkey’s Habas

The US Department of Commerce (DOC) has announced that it has rescinded the administrative review of the countervailing duty (CVD) order on steel concrete reinforcing bar from Turkish mill Habas for the period January 1, 2022, through December 31, 2022. The DOC stated that no shipment of the subject product was imported from the mentioned Turkish mill during the period.  Read More

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

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

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