Canada starts antidumping probe on rebar imports from seven countries
The Canada Border Services Agency (CBSA) has announced that it has initiated an antidumping duty investigation on certain concrete reinforcing bar from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam, after a complaint filed by Canadian steelmakers AltaSteel Inc., ArcelorMittal Long products Canada G.P. and Gerdau Ameristeel Corporation. The products subject to antidumping duty investigation currently fall under Customs Tariff Statistics... Read More
83rd IREPAS meeting : Global long steel demand more or less same as before pandemic
The 83rd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held as a virtual event to ensure the health and well-being of all participants, on September 21, 2020 in conjunction with the SteelOrbis Fall’20 Conference. There were 205 producer representatives among the 627 registered delegates from a total of 53 different countries. There were also 73 registrations representing 35 different raw material suppliers. At... Read More
Short Range Outlook : September 2020
Global longs market driven by signals from China, sees greater regionalization The situation in the global long steel products market has not changed much since last month. Almost the whole market is driven by daily news and signals from China. It seems that, apart from China, there seems to be a smaller other global market. Buyers and producers are acting more regionally due to the Covid-19 coronavirus pandemic and safeguard measures. The overall... Read More
Agenda and registration for the 83rd IREPAS meeting
As announced before the 83rd IREPAS meeting will go virtual on September 21st to ensure the health and well-being of all participants. The attendees of the virtual meeting will be able to watch the global long steel market presentation by Mr Alex Gordienko of Celsa and the panel discussion involving the chairmen of the IREPAS committees. The online event will also be an interactive experience which as always will give the attendees the opportunity... Read More
US Court of International Trade ruled the additional tariffs on Turkish exports unconstitutional
The US Court of International Trade has ruled that the additional tariffs (additional 25 per cent) imposed by US President Donald Trump on Turkish steel exports are unconstitutional. Following the court’s decision, Turkish steel exporters are preparing to claim compensation for the damages that Trump’s ruling has caused them. Read More
Short Range Outlook : July 2020
Global longs demand not as bad as reported, some mills more fortunate than others The situation in the global long steel products market has not changed much since last month. There has been a reduction in both supply and demand around the world, except in China where output keeps growing. Demand in the global long steel products market is indeed not as bad as the newspapers and media outlets report. However, the mills operating at more than 60 percent... Read More
The European Commission revised EU Steel Import Quotas system
The European Commission has published the result of its second investigation reviewing the safeguard measures put in place by the European Union on imports of steel products. Accordingly there will be country-specific quotas available quarterly and not annual allocations. Access to the residual quota for countries that have previously exhausted their country-specific quota will be only permitted to the extent necessary to respond to demand. Read More
Short Range Outlook : June 2020
Global longs export markets shrink further amid protectionism, Russians dominate As expected, things are getting more difficult for exporters in the global steel market. The EU opened fire with an antidumping investigation on HRC imports from Turkey, with Turkey firing back with duties on steel products from the EU. Canada started a similar investigation against imports of heavy plates from several countries, while Egypt has been working on a 10 percent... Read More
Short Range Outlook : May 2020
Impact of Covid-19 starts to hit home across the global long steel market The supply and demand situation in the global long steel products market has deteriorated as global economies are doing much worse today thanks to protectionist measures and the Covid-19 pandemic. There is oversupply of almost everything, except those items that suddenly end up being in short supply due to impacts on the supply chain. This does not include ‘shortages’ that... Read More
Short Range Outlook : April 2020
Predictions for global longs market very difficult amid unprecedented virus impact It has become extremely difficult to predict the supply and demand situation in the global long steel products market. The impact of the Covid-19 coronavirus pandemic on overall economic situations or conditions in countries and regions will be at different levels, which might change the dynamics of steel demand and production separately. Regionalization of markets... Read More