CVD duty investigation for Chinese rebar imports initiated in Australia
Australia’s Antidumping Commission has announced that it has initiated a countervailing (CVD) duty investigation against Chinese rebar imports. The duty investigation launched by following an application lodged by domestic producer OneSteel Manufacturing Pty Ltd claims that the goods were in receipt of countervailable subsidies from China and that the subsidization has caused material injury to the Australian industry through loss of sale volume,... Read More
China to cut export tax on steel billets
China will cut export tariffs on high-purity pig iron to 10 percent and some steel billets to 20 percent on Jan. 1 , down from a temporary rate of 25 percent this year, the Ministry of Finance said in a statement on its website. Read More
Short Range Outlook : December 2015
Sentiment generally negative in global long steel products market Sentiment in the global long steel products market is generally negative due to the expected seasonal slowdown at the end of the year. Most markets are approaching holidays periods and, as buyers in many areas decided on their last purchases of the year in the previous weeks, activity has slackened lately. EU and North American mills have been able to get their orders Long product mills... Read More
Short Range Outlook : November 2015
Downtrend in global longs market in October against all seasonal expectations The global long steel products market has come back to life at the end of October and in early November as speculative purchasing has started to be observed following the downward spiral of scrap prices seen after the last IREPAS meeting held in Rome in early October, which had made it almost impossible to sell products in the market. The market moved on a downward trend... Read More
EU will continue the antidumping duty on wire rod imports from China
The European Commission has announced that it has decided to continue collecting antidumping (AD) duty from Chinese wire rod imports following the expiry review initiated in August 2014. Taking into consideration the immense production level of wire rod in China and its dumping practices to third countries as well as the attractiveness of the EU market, the Commission has found that there is a strong likelihood that the repeal of the antidumping measures... Read More
Pakistan initiates dumping investigation against wire rod imports from China
Pakistan’s National Tariff Commission has announced that it has initiated an antidumping duty investigation against wire rod imports from China. The investigation will cover the period between July 1, 2014 and June 30, 2015 and it will determine whether the wire rod originating in and/or exported from China was dumped into Pakistan and whether such dumping has caused and/or is causing material injury to the domestic industry. The products subject... Read More
Australia grants more time for antidumping duty investigation on rebar imports from China
Australia’s Antidumping Commission has announced that it has been granted more time by the Australian government for the antidumping duty investigation against Chinese rebar imports. The deadline for the completion of the investigation is February 6, 2016. The commission needs more time to thoroughly assess the market situation and material injury claims. The antidumping duty investigation was launched in July this year and the goods subject to... Read More
Provisional antidumping duties on Chinese wire rod imports to Colombia
The Colombian ministry of commerce, industry and tourism, MINCIT, has applied provisional antidumping measures on imports of wire rod from China, according to a recent government resolution. According to MINCIT, the levies are now effective and will last for a period of four months, and correspond to the “difference between base FOB $541.06/mt price and the FOB price declared for the imported product, always and whenever the last is cheaper than... Read More
Mexico offically set steel import tariffs valid for six months
The Mexican economy secretariat, SE, has officially set the final ruling over the imports of steel wire rods in addition to slab, HRC and CRC imports. Mexico will now apply 15 percent tariff on such imports. In a resolution published at Mexico’s official gazette, Diario Official, the government said that the measures will include about 97 items. The duties are effective as of October 8, 2015 and are valid for a peirod of six months. The tariff... Read More
IREPAS in Rome: Participants agree prices are close to the bottom
The 73rd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Rome, Italy on October 4-6, 2015. There were 84 producer representatives among the 284 registered delegates from 35 different countries. There were also 30 registrations representing 22 different raw material suppliers. IREPAS chairman Kim Marti stated during his opening address that the main challenges the long products industry is facing are overcapacity... Read More