Russia amends scrap export restrictions
At the end of December, the Russian authorities approved the amendment to the existing export restrictions in the steel scrap segment. The export tax for ferrous scrap has remained at the five percent level, but the minimal equivalent has been increased from €5/mt to €45/mt. The renewed restriction will be valid for 180 days from the moment the official document comes into force.... Read More
China officially announces new standards and allows scrap imports
The China Ministry of Ecology and Environment has announced that starting from January 1, 2021, it officially allows imports of scrap as a recycled steel raw material. Scrap under HS codes 7204100010, 7204210010, 7204290010, 7204410010 and 7204490030 is classified as recycled steel raw material and can be free of the ban. For now only these HS codes were announced as allowed for... Read More
Canada starts antidumping probe on rebar imports from Oman and Russia
The Canada Border Services Agency (CBSA) has announced that it has initiated an antidumping duty investigation on certain concrete reinforcing bar up to 56.4 mm from Oman and Russia. The products subject to antidumping duty investigation currently fall under Customs Tariff Statistics Position Numbers 7213.10.00.00, 7214.20.00.00, 7215.90.00.90 and 7227.90.00.90. Read More
Short Range Outlook : December 2020
Global longs market gradually scrabbling back towards normalization The global long steel products market is gradually scrabbling back towards normalization. As effective vaccines are being rolled out, the markets are realizing that we are returning to normal. Business is flourishing. Supply chains are currently restocking and orders are solid, while production levels are not keeping... Read More
Ukraine levies import duty on imports of reinforcing bars from Belarus
According to a statement published in the country’s Official Gazette on November 25, Ukraine has imposed a special customs duty on imports of reinforcing bars from Belarus, citing Belarus’s discriminatory and unfriendly acts against Ukrainian exporters of similar products. Accordingly, Ukraine’s interdepartmental commission on international trade has imposed a 16.08 percent... Read More
US DOC issues preliminary review results for reinforcing bars from Turkey
The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on steel concrete reinforcing bar from Turkey. During the review period from July 1, 2018, to June 30, 2019, Turkish rebar producers were found to have made sales of rebar at less than normal value. Accordingly, the DOC has calculated the following... Read More
Short Range Outlook : November 2020
Global longs market becomes even more regionalized amid widespread protectionism The global long steel products market is becoming even more regionalized. All the safeguard measures, tariffs and antidumping and countervailing cases are reducing the global exchange of products more and more. The Covid-19 pandemic gives producers in certain markets the pretext to lobby their governments... Read More
EU reduces import quota volumes after UK’s inclusion in quota regime
The European Commission, which has now included the UK among the countries that are subject to import quotas for steel products, has also reduced the existing quota volumes for other countries which were already under the quota scheme. The reduced quotas will be in force as of January 1, 2021, and so in the two last quarters under the quota regime the countries will have less opportunity... Read More
EU announces import steel quota volumes for UK
The European Commission (EC) has announced the imposition of definitive safeguard measures on imports of certain steel products from the UK, as they will not be in the same trading area with the UK after Brexit. Without this specific quota for the UK, the UK steel sector could have faced a £80 million bill from EU steel safeguard tariffs in the first half of 2021, UK Steel and... Read More
EU initiates expiry review on imports of wire rod from China
The European Commission has announced that it has initiated an expiry review of the antidumping duty on imports of wire rod from China. The application for the review was filed by the European Steel Association (EUROFER), alleging that the expiry of the existing measures would be likely to result in continuation or recurrence of dumping and injury to the EU industry. The investigation... Read More