Short Range Outlook : July 2017
Threat of new trade measures weighs on global long products market The threat of new trade measures in the US and of a counterreaction by the EU is weighing on all market players. The G20 summit will show us how the US administration and President Trump will move forward – whether he will prefer to continue with confrontation and the blockage of imports or whether he will soften his stance and come to a mutual agreement. Will the US become ‘an... Read More
Australia initiated antidumping review on rod in coils imports from China’s Zenith
Australia’s Antidumping Commission has announced that it has initiated a review regarding the antidumping order on imports of steel rod in coils from Chinese company Zenith Steel Group Co., Ltd (Zenith) to examine whether the variable factors relevant to the taking of the antidumping measures have changed. The review launched upon the application lodged by Zenith covers the period between April 1, 2016 and March 31, 2017 and covers the exports... Read More
Australia initiates antidumping review on rebar imports from China’s Zenith and Yonggang
Australia’s Antidumping Commission has announced that it has initiated a review regarding the antidumping order on imports of reinforcing bar from Chinese companies Zenith Steel Group Co., Ltd. (Zenith) and Jiangsu Yonggang Group Co., Ltd. (Yonggang) to examine whether the variable factors relevant to the taking of the antidumping measures have changed. The review launched upon the application lodged by Zenith and Yonggang covers the period... Read More
Final antidumping decision for billet imports from China to Pakistan
Pakistan’s National Tariff Commission has announced the final results of its antidumping duty investigation on imports of continuous casting billets from China. Accordingly, the commission has determined that the domestic industry suffered material injury due to the significant increase in the volume of dumped imports, significant price undercutting by the dumped imports, a decline in market share, a decline in sales, a decline in return on investment,... Read More
Egypt announced temporary antidumping duties on rebar imports from Turkey, Ukraine, and China
Egypt’s Ministry of Industry and Trade has announced the results of its antidumping duty investigation regarding imports of reinforcing bar from Turkey, Ukraine and China. Accordingly, for a period of four months, the ministry has calculated antidumping duties ranging between 10 percent and 19 percent for Turkey, between 15 percent and 27 percent for Ukraine and standing at 17 percent for China. The ministry has also suspended the imposition of... Read More
Short Range Outlook : June 2017
Exporting countries under pressure amid protectionism and increased capacities in traditional import markets The supply-demand balance in the global long steel products market has been worsening over the last few weeks. Protective actions such as antidumping and countervailing duty (CVD) cases and import taxes, coupled with increasing capacities in some traditional import markets, have put export-dependent countries in a difficult situation. Protective... Read More
Australia initiated antidumping review on imports of rebar from China’s Shagang and Valin
Australia’s Antidumping Commission has announced that it has initiated a review regarding the antidumping (AD) order on imports of rebar from Chinese companies Jiangsu Shagang Group Co., Ltd. and Hunan Valin Xiangtan Iron & Steel Co., Ltd. to examine whether the variable factors relevant to the taking of the antidumping measures have changed. The review launched upon the application lodged by Jiangsu Shagang and Hunan Valin covers the period... Read More
Australia initiates antidumping review on wire rod imports from China
Australia’s Antidumping Commission has announced that it has initiated a review regarding the antidumping order on imports of wire rod in coil from the below Chinese companies to examine whether the variable factors relevant to the taking of the antidumping measures have changed. Jiangsu Shagang Group Co., Ltd. Hunan Valin Xiangtan Iron & Steel Co., Ltd. The review launched upon the application lodged by both above companies covers the... Read More
Chile sets definite antidumping duties on wire rod imports from China
The Chilean government has applied definite, ad-valorem anti-dumping duties over the imports of Chinese wire rod. The Chilean government accepted the recommendation of the country’s price distortion commission, CNDP, and has decided to apply definite duties ranging from 28.8 to 38.0 percent over the imports of Chinese origin wire rod. The duties were effective as of April 22, 2017, and will last for one year. According to the Chilean government,... Read More
Short Range Outlook : May 2017
Better supply-demand balance in global longs market but China, trade measures and strong price competition keep the pressure on The supply-demand balance in the global long steel products market has been stable and more in equilibrium recently, compared to previous times, especially in China. Such a balance has been helping buyers to maintain their positive sentiment although, on the other hand, price volatility in raw materials and final products... Read More