US DOC announced final decision on CVD review for Turkish rebar
The US Department of Commerce has announced final results of the administrative review on the countervailing duties (CVD) on Turkish rebar imports which were imposed in September 2014. The review covered the period between January 1, 2015 and December 31, 2015. Colakoğlu Metalurji and Icdas did not receive countervailable subsidies during the period of review, while the review for Agir Haddecilik and Habas was terminated as there were no entries... Read More
US DOC issues final AD/CVD decisions for wire rod imports from five countries
The US Department of Commerce (DOC) has announced 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. Antidumping duty rates are as follows: Italy Ferriere Nord S.p.A. : 12.41% Ferriera Valsider S.p.A. ... Read More
US DOC releases recommendations for steel tariffs or quotas under Section 232
US Department of Commerce Secretary Wilbur Ross publicly released his recommendations to the president following the conclusion of the Section 232 investigation into steel imports, with three import remedy options: A global 24 percent tariff on all steel imports from all countries. A tariff of at least 53 percent on steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Korea, Russia, South Africa, Thailand, Turkey and Vietnam. A quota... Read More
Short Range Outlook : February 2018
Global supply-demand balance for long products still looks good but caution needed on supply side While the supply and demand balance in the global long steel products market still looks good, the supply side is gearing up. Supply pressure is not expected to create big problems in the short run but may be an issue in the medium term if demand is not able to cope with it. Even Chinese companies have learned that dollars are more important than tonnages.... Read More
Short Range Outlook : January 2018
Very positive prospects for global long steel market in 2018 The supply and demand balance in the global long steel products market has improved and may now be described as excellent. Demand remains strong almost everywhere and sentiment is also very good. It seems that 2018 will be a replica of 2017 as the prospects are very positive. China has been the main story in 2017 China has been the main story in 2017. It is not exactly out of the market:... Read More
Turkey cancels import duty on rebar
Turkey has officially cancelled the customs duty on imports of reinforcing bars effective from January 1st, 2018. The Turkish authorities had reduced the customs duty on imports of reinforcing bar to 10 percent on July 28th last year, on the back of complaints by the domestic construction industry. The customs duty on rebar imports to Turkey used to be 30 percent before then. Read More
Algeria abolishes import license system
Algerian trade minister Mohamed Benmeradi has announced the abolition of the import license system in the country as of January 1, 2018, for all products, except for imports of vehicles. It was declared that the system “has shown its limits”, it was a bureaucratic system that “lacked transparency”, and sometimes it has caused supply problems, leading to price hikes in the Algerian market. The aim of the license system was... Read More
Egypt maintains antidumping duties on rebar imports
Egypt’s Ministry of Industry and Trade has decided to maintain the antidumping duties imposed on rebar imports from Turkey, Ukraine and China for a period of five years as of today, December 6, according to a report by Reuters. The ministry first imposed the antidumping duties on rebar imports from the three countries in question in June this year for a period of four months and then extended the duties for a further two months, bringing the total... Read More
Canada starts antidumping reinvestigation againts rebar imports from several countries
The Canada Border Services Agency (CBSA) has announced that it has initiated an antidumping duty reinvestigation to update the normal values and export prices respecting certain concrete reinforcing bar (rebar) originating in or exported from China, South Korea, Turkey, Belarus, Taiwan, the Hong Kong Special Administrative Region of the People’s Republic of China, Japan, Portugal and Spain and a countervailing duty reinvestigation to update... Read More
US DOC revises preliminary antidumping duty rate on wire rod imports from South Korea
The US Department of Commerce (US DOC) has announced that it has amended the preliminary antidumping duty decision regarding the antidumping investigation on imports of carbon and alloy steel wire rod from Italy, South Korea, South Africa, Spain, Turkey, Ukraine, and the United Kingdom, upon a complaint lodged by US-based companies Gerdau Ameristeel US Inc., Keystone Consolidated Industries, Inc., and Charter Steel, alleging that the US DOC made a... Read More