US ITC votes to continue investigation into wire rod imports from 10 countries
The US International Trade Commission (USITC) today determined that there is a reasonable indication that a US industry is materially injured or threatened with material injury by reason of imports of carbon and certain alloy steel wire rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom that are allegedly sold in the United States at less than fair value and subsidized by... 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
US DOC initiates AD/CVD investigation into wire rod imports
The US Department of Commerce (DOC) announced on April 18th, the initiation of antidumping duty investigations of imports of carbon and alloy steel wire rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom, and companion countervailing duty CVD investigations of imports of carbon and alloy steel wire rod from Italy and Turkey. Alleged dumping margins are as follows: Belarus :... Read More
US wire rod producers file AD/CVD petition against 10 countries
Below mentioned four major US steel producers, Gerdau Ameristeel US Inc., Nucor Corporation Keystone Consolidated Industries, Inc., Charter Steel today filed petitions charging that unfairly-traded imports of carbon and alloy steel wire rod from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey, Ukraine, United Arab Emirates, United Kingdom are causing material injury to the domestic industry. The petitions allege that producers... Read More
IREPAS in Budapest: Market players optimistic about outlook for steel
The 76th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Budapest, Hungary on March 26-28, 2017. There were 107 producer representatives among the 352 registered delegates from 40 different countries. There were also 58 registrations representing 35 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS said that the steel industry has once again succeeded in... Read More
Short Range Outlook : March 2017
Still improving supply-demand balance creates brighter picture in global longs market The supply-demand balance continues to improve in regions like the US, Europe and Asia, contributing to a brighter picture in the global long steel products market. US market boosted by restocking and infrastructure spending expectations Demand has improved in the US as buyers have been restocking. In addition, President Trump’s promise to spend one trillion... Read More
US DOC announces preliminary antidumping margins in rebar trade case
On March 1, 2017, the US Department of Commerce (DOC) announced its affirmative preliminary determinations in the antidumping duty investigations of rebar imports from Japan, Taiwan, and Turkey and released preliminary dumping rates: The preliminary antidumping duty rates per country and company are as follows: Japan Jonan Steel Corporation : 209.46% Kyoei Steel Ltd. : 209.46% All Others : 209.46% Taiwan Power Steel Co. : 3.48% Lo-Toun Steel... Read More
US DOC announced preliminary CVD rates for Turkish rebar imports
The US Department of Commerce (DOC) today announced its affirmative preliminary determination in the countervailing duty (CVD) investigation of rebar imports from Turkey. The DOC calculated a preliminary subsidy rate of 3.47 percent for the mandatory respondent Habas and “all others,” although there are currently no Turkish rebar producers or exporters subject to it because the ongoing investigation only covers companies that were excluded from... Read More
Short Range Outlook : February 2017
Europe, US and Asia lead the way for demand in global long steel products market Expectations for demand and order books in the supply chain of the global long steel products market made a reasonable start to business in 2017, although a sharp correction in scrap prices caused people to hesitate a bit in the EU and the US. However, market sentiment has not changed much and demand is still showing good prospects for 2017 in Europe, the US and Asia. Turkish... Read More
The programme of the 76th IREPAS meeting
March 26th, Sunday 19:00 – 22:00 Welcome cocktail at Intercontinental Budapest March 27th, Monday 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 10:15 SESSION ONE – Global economic outlook - Global economic developments and expectations Gergely Tardos, OTP Bank / Chief Economist Where is the European economy heading? Current situation and expactations for Chinese economy Prospects... Read More