US doubles the tariffs on Turkish steel imports
The US President Donald Trump tweeted on Friday August the 10th that he has just authorized to double tariffs on Turkish steel imports. His tweet reads: “I have just authorized a doubling of tariffs on steel and aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong dollar! Aluminum will now be 20 percent and steel 50 percent. Our relations with Turkey are not good at this time!” US... Read More
Short Range Outlook : August 2018
Global long steel market currently in equilibrium, though world steel output is on the rise The global long steel products market seems to be in equilibrium at present, with slightly higher freight rates. World steel production is up by six percent, while this situation needs to be monitored. If this continues to be the case for another year or so, we might experience disturbance in the supply-and-demand balance in certain areas. International business... Read More
Retroactive antidumping duties on rebar imports to Canada from Turkey
The Canada Border Services Agency (CBSA) announced on July 24th, retroactive assessments of anti-dumping duty on importations of steel reinforcing bars from Turkey under the Special Import Measures Act (SIMA). On July 18, 2018, the CBSA issued assessments of anti-dumping duty against two importations of steel reinforcing bar from Turkey that arrived in Canada in 2017. The total amount of anti-dumping duty retroactively assessed by the CBSA was over... Read More
Short Range Outlook : July 2018
Global long steel products market impacted more and more by protectionism, though demand performs well The global long steel products market is feeling the effects of protectionism more and more every day. Canada has started another investigation on imports, the third within a period of only 12 months. The EU is expected to announce quotas based on the average import volumes of the preceding three years, as a result of its safeguard investigation.... Read More
Short Range Outlook : June 2018
Global long steel market to see some stability in short term after Section 232 decision The global long steel products market is expected to see some stability in the short term after the US imposed tariffs on steel imports from June 1 on the European Union, Canada and México, which were all exempted from the tariffs during May. The Section 232 measures are now the same for the EU, Turkey, Canada and México, but the uncertainty in the market has... Read More
US amends final AD/CVD decision on wire rod imports from Turkey, Spain
The US Department of Commerce (US DOC) has announced that, with respect to its final determinations in the antidumping duty investigations of imports of carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey and the UK and countervailing duty investigations of the same imports from Italy and Turkey, to correct ministerial errors, it has amended the final antidumping duty rates for Turkey and Spain and the countervailing duty rates... Read More
Canada concludes reinvestigation of rebar imports from certain countries
The Canada Border Services Agency (CBSA) has announced that it has concluded a reinvestigation to update the normal values and export prices respecting rebar originating in or exported from China, South Korea, Turkey, Belarus, Taiwan, the Hong Kong Special Administrative Region of China, Japan, Portugal and Spain, and the amounts of subsidy of certain rebar originating in or exported from China. Accordingly, the CBSA stated that specific normal values... Read More
IREPAS in Warsaw: Confusion and uncertainty in the global market
The 78th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Warsaw, Poland on May 6-8, 2018. There were 117 producer representatives among the 320 registered delegates from 48 different countries. There were also 62 registrations representing 40 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS emphasized that there is obvious confusion and uncertainty in the... Read More
US ITC rules that wire rod from five countries injures the US steel industry
The United States International Trade Commission (US ITC) today determined that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from Italy, Korea, Spain, Turkey, and the United Kingdom that the US Department of Commerce (US DOC) has determined are sold in the United States at less than fair value and subsidized by the governments of Italy and Turkey. As a result of the ITC’s affirmative determinations,... Read More
Turkey has launched a safeguard investigation on certain steel products
According to a statement from the Turkish Ministry of Economy, Turkey has launched a safeguard investigation on imports of certain steel products to determine if these imports harm or threaten to harm domestic steel producers. Products subject to the investigation include certain flat, long, pipe and hollow sections, railway and tram line components and stainless flat steel products. The product scope of the investigation may change pertaining to... Read More