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
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
Australia revised preliminary antidumping duty on imports of rebar
The Australian Government Antidumping Commission has announced that it has revised the preliminary antidumping (AD) duty on rebar imports from South Korea, Singapore, Spain and Taiwan. The preliminary antidumping rates now range between 9.7-14.3 percent for South Korea, 3-8.2 percent for Spain, 6.6 percent for Singapore and 4.7-8.9 percent for Taiwan. The antidumping duty investigation was launched in October 2014 upon the application of domestic... Read More
Short Range Outlook : July 2015
Reasonable demand in many markets such as US and Europe Demand for long steel products continues to be reasonable in many areas like America or Europe but is slowing down in countries in the Middle East and North Africa (MENA) region due to seasonal reasons. Pressure from Chinese goods intensifies A new wave of offers for all kinds of Chinese origin steel is adding to the pressure and increasing competition. All the while Chinese consumption has... Read More
Australia imposed antidumping duty on rod in coil imports
Australia’a Antidumping Commission announced that it has imposed antidumping duty againts imports of rod in coils from Indonesia and Taiwan. The mentioned antidumping duties are as follows: Indonesia – 10.1 % Taiwan – 2.7% Australia terminated the antidumping investigation against Turkey and Indonesian steel producer Ispat Indo, back in May this year. The related customs tariff statistics position numbers are as below: 7213.91.00 7227.90.90 Read More
Short Range Outlook : June 2015
Slight improvement in trading atmosphere It seems that the general trading atmosphere has become slightly better in the global long steel market. The imbalances which we have gotten used to have diminished somewhat and therefore traditional trade routes seem to be chosen again. The strengthening of the Russian currency and the reduced influx of Chinese steel to far away markets are having an impact. Demand picks up in Europe, interest in imports declines The... Read More
Dumping investigation on wire rods from Turkey to Australia is terminated
Australia’s Antidumping Commission has announced that it has terminated the antidumping (AD) duty investigation against imports of hot rolled wire rod in coils with diameter of less than 14 mm from Turkey. The commission found that, regarding exports of the products in question from Turkish steelmaker Habas Sinai ve Tibbi Gazlar Istihsal Endüstrisi A.Ş (Habas), there has been dumping of the goods, though the dumping margin is less than two... Read More
Australia extends AD investigation on wire rod in coils
Australia’s Antidumping Commission has announced that it has extended the antidumping (AD) duty investigation against imports of hot rolled wire rod in coils with diameter of less than 14 mm from Indonesia, Taiwan and Turkey. The final decision will now be made on May 13. The investigation was launched in April 2014 upon the application made by Australian steel producer OneSteel Manufacturing Pty Ltd (OneSteel). The products subject to the antidumping... Read More
Australia extended dumping investigation on rebar imports again
Australia’s Antidumping Commission has announced that it has further extended the antidumping (AD) duty investigation against rebar imports from South Korea, Malaysia, Singapore, Spain, Taiwan, Thailand and Turkey, to be able to conduct verification of exporters’ data,. The final decision now will be made on or before August 17, 2015. The investigation had already been extended in February. The commission imposed a preliminary antidumping... Read More
IREPAS in Paris: Long steel players continue to look for opportunities amid ongoing challenges
The 72nd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Paris, France on March 22-24, 2015. There were 95 producer representatives among the 304 registered delegates from 40 different countries. There were also 39 registrations representing 28 different raw material suppliers. On the last day of the conference, producers of long steel products and steel billet, as well as traders and raw material suppliers,... Read More