Turkey restricts exports to Israel
Turkey’s Ministry of Commerce has announced that it has restricted the exports of 54 product groups to Israel, which continues to violate international law with its attacks on Gaza in Palestine since October 7, 2023. No details regarding these restrictions, which came into force as of today, April 9, have been disclosed yet. The restricted products include reinforcing bars, wire rods and flat steel products, as well as steel pipes and fittings,... Read More
Short Range Outlook : April 2024
Global longs market under pressure from weak demand and China’s aggressive exports Demand in the global long steel products market continues to lag behind supply and the situation is getting worse because of China’s aggressive export policy. At the beginning of 2024, China accelerated its exports. Based on the data for the first two months of 2024, they are poised to exceed their record exports seen in 2015. Chinese steel producers seem to be... Read More
The program of the 90th meeting in Berlin
Day 1: Sunday, April 28, 2024 19:00 – 22:00 Welcome cocktail at InterContinental Berlin Day 2: Monday, April 29, 2024 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 09:45 SESSION ONE – Critical changes in the global long steel markets - Long products market outlook Overview of global construction... Read More
US issues final results of antidumping review on wire rods imported from Mexico
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on carbon and certain alloy steel wire rod from Mexico for the period between October 1, 2021, and September 30, 2022. Accordingly, the US DOC has determined that Mexican producers’ sales of the subject goods were made below normal value during the period of review. The DOC has determined weighted-average dumping margins... Read More
Canada launches antidumping probe against wire rod imports from three countries
The Canada Border Services Agency (CBSA) has announced that it has launched an antidumping (AD) duty investigation to determine whether certain wire rod from China, Egypt, and Vietnam are being sold at unfair prices in Canada. The investigation is the result of a complaint by Ivaco Rolling Mills. The CBSA will investigate whether the imports are being dumped and will make a preliminary decision within 90 days, at which time provisional duties may... Read More
Short Range Outlook : March 2024
No improvement in supply-demand balance in global longs market, Asian exports may surge The supply and demand balance in the global long steel products market has not improved compared to previous months. Unfortunately, the positive expectations after the Chinese New Year holidays have not materialized. It seems Chinese exporters will continue to be aggressive, which of course will also drive other Asian exporters (Japan, Vietnam, Taiwan and South... Read More
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
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
Russia officially imposes export duties for most steel and raw materials until end of 2024
Russia’s government has adopted a decision to implement export duties for certain categories of products, including steel and raw materials. The export tax will be applicable from October 1, 2023 until December 31, 2024. “The regulation is adopted in order to support the optimal ratio of the local consumption and exports. The imposed decision will help protecting the local market from the unconditional increase of the prices. The flexible export... Read More