Chinese miners demand antidumping investigation over iron ore imports from Brazil and Australia
Chinese miners are demanding an antidumping investigation over the imports of iron ore from Brazil and Australia, the world’s leading suppliers for the commodity, a media report said this week. Citing a statement from the Metallurgical Miners’ Association of China, Reuters said more than 20 Chinese miners called for tougher measures for the imported commodity coming from Brazil and Australia. The association said “a huge volume” of low-priced... Read More
EUROFER: China should meet EU’s five market economy criteria for market economy status
The European Steel Association (EUROFER) has announced that the European Commissioners held an Orientation Debate today, on how to proceed with China’s request to grant it market economy status (MES), following the EU-China summit last week at which policy makers attempted to equate reductions in steel overcapacity with the granting of the much-coveted MES designation. Regarding the Orientation Debate, EUROFER director general Axel Eggert stated... Read More
Short Range Outlook : July 2016
Volatility in pricing and availability still a challenge for global long steel products market The global long steel products market has been going through a volatile period since March this year. Volatility in pricing has led to swings in availability of both steel and steel scrap, and this continues to be a challenge for the business environment. With low inventories in general throughout the supply chain comes larger pricing swings. Mills currently... Read More
India to complete antidumping duty investigations and replace minimum import price
India will complete ongoing antidumping investigations on steel imports by end of July so that the minimum import price (MIP), which does not comply with World Trade Organization (WTO) standards, can be replaced by an antidumping duty before the expiry of the MIP in August, an official at India’s Ministry of Commerce said on Tuesday, June 21. The ministry official said that the Directorate General for Anti Dumping and Allied Duties (DGAD) is in... Read More
India initiates AD probe on wire rod imports from China
India’s Ministry of Commerce and Industry has announced that it has initiated an antidumping duty investigation concerning imports of wire rod of alloy or non-alloy steel, originating in or exported from China. The investigation launched upon a complaint received from Indian producers Steel Authority of India Limited (SAIL), Rashtriya Ispat Nigam Limited (RINL), Usha Martin Limited and JSW Steel Limited, alleging that the subject goods are being... Read More
Short Range Outlook : June 2016
Global long steel products market once again under pressure from Chinese supply Conditions have deteriorated internationally in the global long steel products market during the past month mainly due to Chinese supply. Although it was expected, the global long steel products market is once again facing difficulties following a period of relief lasting two to three months. Higher-priced market sparks surge in Chinese steel output The initial price increases... Read More
Colombia imposes antidumping duty on wire rod imports from China
The Colombian Ministry of Commerce, Industry and Tourism (MINCIT) has announced that it has imposed antidumping duty on imports of wire rod of iron or non-alloy steel or other alloy steel, of circular cross section diameter less than 14 millimeters, with a carbon content less than 0.45 percent by weight, from China. According to MINCIT, the antidumping duty is valid for a period of five years and consists of a value corresponding to the difference... Read More
Preliminary antidumping decision for billet imports from China to Pakistan
Pakistan’s National Tariff Commission has announced its preliminary results concerning its antidumping (AD) duty investigation on imports of continuous casting billets from China. Accordingly, on preliminary basis, the commission has established that the domestic industry suffered material injury due to the significant increase in the volume of dumped imports, the magnitude of the dumping margin, significant price undercutting by the dumped imports,... Read More
Short Range Outlook : May 2016
Supply-demand equilibrium now healthier in global longs market Supply and demand have reached a healthier equilibrium in the global long steel products market mainly due to Chinese supply being more focused on its domestic market. Low local stocks in the global markets and stronger demand in the construction segment have also helped and consequently prices have jumped to what may be considered to be reasonable levels. Low stocks still observed in... Read More
Australia imposes antidumping duty on rebar imports from China
Australia’s Antidumping Commission has announced that it has decided to impose definitive antidumping duty on rebar imports from China. The commission has increased the duties from the preliminary duties which ranged between 5.8 percent and 17.8 percent. Accordingly, the antidumping duties are as follows: Shandong Shiheng Special Steel Group : 15.3 percent Shandong... Read More