Short Range Outlook : February 2015
Strong supply pressure and agressive offers in global long steel market The global long steel products market has been under supply pressure with strong and agressive offers in terms of volumes and prices since the beginning of 2015. Healthy demand in North America Markets in North America keep showing healthy demand. The reinforcing bars market in the US increased to almost 8 million... Read More
Australia extended AD investigation against wire rod imports once again
Australia’s Antidumping Commission has announced that it has extended the period for its antidumping (AD) duty investigation against imports of wire rod in coils from Indonesia, Taiwan and Turkey once again, this time until April 15, 2015. The commission had already extended the deadline to January 15, 2015 back in October 2014. The antidumping duty investigation in question... Read More
Short Range Outlook : January 2015
Lull in markets due to holiday period The global long steel products market has been quiet recently mostly because of the holidays in many countries, with business volumes shrinking to low levels. The market situation has deteriorated with strong and agressive offers in terms of volumes and prices, with demand stagnating. Many consumers of deformed reinforcing bars are squeezed... Read More
US DOC publishes final AD & CVD margins for Chinese wire rod imports
The US Department of Commerce (DOC) published the antidumping (AD) and countervailing duty (CVD) orders on carbon and certain alloy steel wire rod from China. The final dumping margins in the AD investigation are: I. Three “separate rate” companies: 106.19%. Hunan Valin Xiangtan Iron & Steel Co., Ltd.; Jiangsu Shagang International Trade Co., Ltd.; Rizhao Steel Wire Co.,... Read More
Malaysia extended deadline for preliminary AD decision on rebar imports
Malaysian authorities have announced on the country’s official gazette on Monday, December 29th that; the time period for the antidumping duty investigation on reinforcing steel bar imports from China and South Korea was extended by an additional thirty days from January 1, 2015 until January 30, 2015. The investigation was initiated on September 2, 2014, following a... Read More
US DOC to issue AD/CVD orders on Chinese wire rod imports
The United States International Trade Commission (USITC) determined Monday that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the US Department of Commerce (DOC) has determined are subsidized and sold in the United States at less than fair value. All six Commissioners voted in the affirmative. As a result of the... Read More
Short Range Outlook : December 2014
Oversupply still evident Oversupply has been evident in the global long steel market from September up to the end of November, slowing down demand, putting pressure on the market and pushing prices downwards. However, outputs are being reduced in certain areas and demand in the global long steel products market is now at reasonable levels although purchasing processes in general... Read More
US DOC announced final determination on wire rod imports from China
The US Department of Commerce (US DOC) announced Thursday its affirmative final determinations in the antidumping duty and countervailing duty investigations of imports of carbon and certain alloy steel wire rod from the People’s Republic of China (China). The US DOC determined that imports of carbon and certain alloy steel wire rod from China have been sold in the United States... Read More
Russia extended antidumping investigation on rebar imports from Ukraine
The Euroasian Economic Commission has announced that Russia has extended its antidumping duty investigation on reinforcing bar imports from Ukraine for another three months. Accordingly the investigation will last until February 19th, 2015. The investigation was initiated on November 20th, 2013 by the Department of Protection of Domestic Market under the Eurasian Economic Commission. Read More
Short Range Outlook : November 2014
High levels of competition The global long steel products market is still showing a high degree of competition. Demand is strong in North America, the Persian Gulf region and the Southeast Asian market. However, other markets like the EU and South America are still showing some weakness. China is still influencing the perception of oversupply in the global long steel products market... Read More