India scraps export taxes on steel and some raw materials, adds import tariffs on coal and coke

In a slew of tariff changes, the Indian government has scrapped export duties on pig iron, specified iron and steel products and pellets, according to a government notification late on Friday, November 18. As a result, 15 percent export duties from India on major longs and flat steel products, as well as pig iron, have been lowered to zero, while the export duty of 45 percent on pellets has also been scrapped. The export duty on iron ore lumps and... Read More

UK extends antidumping duty on wire rod imports from China

The UK government has announced that it has accepted the UK Trade Remedies Authority’s (TRA) recommendation regarding antidumping measures on imports of wire rod from China. The TRA recommended that the antidumping measures on wire rod from China be maintained at 7.9-24 percent until January 30, 2026, finding that dumping would be likely to occur again if the measures were removed. The products in question currently fall under Customs Tariff Statistics... 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

The program of the 87th meeting in Monaco

Day 1: Sunday, October 9,2022 19:00 – 22:00                   Welcome cocktail at Fairmont Monte Carlo   Day 2: Monday, October 10, 2022 09:00 – 09:10                  Welcome address by Chairman of IREPAS   09:10 – 10:40                    SESSION ONE: Critical changes in global long steel markets – Long products, pig iron and EU - Long products market outlook Overview... 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

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 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

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

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

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