US ITC voted to continue investigation on rebar imports from Japan, Taiwan and Turkey
The United States International Trade Commission (US ITC) determined on November 3rd that there is a reasonable indication that the US industry is materially injured by reason of imports of steel concrete reinforcing bars from Japan, Taiwan, and Turkey that are allegedly sold in the United States at less than fair value and subsidized by the government of Turkey. All six Commissioners voted in the affirmative. As a result of the ITC’s affirmative... Read More
Short Range Outlook : November 2016
Global long steel products market enjoys its best environment since 2013 The global long steel products market is currently enjoying its best environment since 2013, while sentiment has improved significantly. Supply and demand in the market are now a lot more in equilibrium compared to previous months. Fewer offers from China and Russia seen in global market Demand had made a weak start to October, as sellers were continuing with their seasonal fourth... Read More
W.Schmiedel / BIR: Spike in coking coal prices to increase scrap usage
Speaking at the BIR World Mirror on Ferrous Metals event organized by the Bureau of International Recycling (BIR), BIR president William Schmiedel, also president of US-based scrap recycling company Sims Group Global Trade Corporation, has stated that in August this year Chinese exports of finished and semi-finished steel decreased from June’s level of 10.9 million mt to 9.1 million mt. While this is a good sign, the latter total of 9.1 million... Read More
IREPAS in Vienna: Global longs market focuses on challenges amid signs of stabilization
The 75th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Vienna, Austria on September 25-27, 2016. There were 94 producer representatives among the 285 registered delegates from 33 different countries. There were also 44 registrations representing 30 different raw material suppliers. On the last day of the conference, producers of long steel products and steel billets, as well as traders and raw material suppliers,... Read More
US rebar coalition files AD/CVD petition against imports from Turkey, Japan and Taiwan
The Rebar Trade Action Coalition (RTAC), a coalition of US rebar producers, filed petitions asking the US Department of Commerce and the International Trade Commission to conduct antidumping investigations into imports of rebar from Japan, Taiwan, and Turkey , and a countervailing duty investigation into imports of rebar from Turkey. The petitions demonstrate that Japanese, Taiwanese, and Turkish rebar producers are dumping their product into the... Read More
Short Range Outlook : September 2016
Increased stability and reduced price spreads in global long steel market The global long steel products market has seen some stability over the last few weeks as the increase in Chinese origin offer prices halted the weakening of global long product prices. The spread between Chinese and Turkish origin reinforcing bar prices has narrowed significantly and is becoming even narrower. Likewise, the price spread between the most expensive FOB or ex-works... Read More
Short Range Outlook : August 2016
Global long steel products market still in critical situation despite greater price stability The global long steel products market is still in a critical situation as market activity has been pretty slow for a long time. Demand in the market has softened but supply remains the same. Buyers have been receiving offer alternatives but they are not in a hurry to buy. As such, sizable purchases have not been observed over the past two months. Under these... 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
IREPAS in Lisbon: Exciting times finally here after depressing period
The 74th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Lisbon, Portugal on April 10-12, 2016. There were 70 producer representatives among the 261 registered delegates from 35 different countries. There were also 35 registrations representing 25 different raw material suppliers. At the opening of the SteelOrbis 2016 Spring Conference & 74th IREPAS Meeting held in Lisbon on April 10-12, Kim Marti, the international... Read More
US DOC recalculated antidumping margin on rebar imports from Turkey
The US Department of Commerce has recalculated the antidumping duty on reinforcing bar imports from Turkey, as per sources. The US DOC had calculated the antidumping duty rate for reinforcing bar imports from Turkey as zero percent in its final decision made on September 9, 2014. However, the US industry appealed the DOC’s final determination to the US Court of International Trade (CIT). Accordingly, the DOC has amended the dumping margin for reinforcing... Read More