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

Iran hikes import duties on steel

Reuters reported that the Iranian government has raised customs duties on certain steel imports to 10-20 percent to protect domestic steelmakers against the surge in Chinese exports. Reuters quoted Keyvan Ja’fari Tehrani, head of international affairs at the Iranian Iron Ore Producers and Exporters Association (IRIOPEX), as saying, “A steel import tax has been imposed… to protect local steel mills against dumping by China, Russia... Read More

The program of the 72nd IREPAS meeting

March 22nd, Sunday 19:00 – 22:00 Welcome Cocktail at Intercontinental Paris Le Grand Hotel March 23rd, Monday 09:00 - 09:15 Welcome address by Chairman of IREPAS – Kim Marti 09:15 – 10: 30 SESSION ONE  Low raw material prices and booming Chinese exports: which consequences for the global steel sector? Eric Louvert, BNP Paribas Why The Future Begins – Navigating The Turbulent World of Small Ideas and Grand Narratives Special... Read More

Short Range Outlook : March 2015

Global long steel market remains under strong pressure from supply side The global long steel products market is still under supply pressure with strong and agressive offers in terms of volumes and prices. Imbalance between scrap and iron ore prices closes faster than expected The imbalance between prices of iron ore and scrap has been closing as expected, but at a much faster rate. Lower scrap prices will benefit EAF-based producers and help them... Read More

Short Range Outlook : February 2015

Strong supply pressure and agressive offers in global long steel market The global long steel products market has been under supply pressure with strong and agressive offers in terms of volumes and prices since the beginning of 2015. Healthy demand in North America Markets in North America keep showing healthy demand. The reinforcing bars market in the US increased to almost 8 million metric tons in 2014, although imports at competitive pricing have... Read More

Short Range Outlook : January 2015

Lull in markets due to holiday period The global long steel products market has been quiet recently mostly because of the holidays in many countries, with business volumes shrinking to low levels. The market situation has deteriorated with strong and agressive offers in terms of volumes and prices, with demand stagnating. Many consumers of deformed reinforcing bars are squeezed by low prices and strong pressure from the construction side. What will... Read More

US DOC publishes final AD & CVD margins for Chinese wire rod imports

The US Department of Commerce (DOC) published the antidumping (AD) and countervailing duty (CVD) orders on carbon and certain alloy steel wire rod from China. The final dumping margins in the AD investigation are: I. Three “separate rate” companies: 106.19%. Hunan Valin Xiangtan Iron & Steel Co., Ltd.; Jiangsu Shagang International Trade Co., Ltd.; Rizhao Steel Wire Co., Ltd. II. China-wide rate (i.e., all other Chinese producers and exporters)... Read More

Malaysia extended deadline for preliminary AD decision on rebar imports

Malaysian authorities have announced on the country’s official gazette on Monday, December 29th that; the time period for the antidumping duty investigation on reinforcing steel bar imports from China and South Korea was extended by an additional thirty days from January 1, 2015 until January 30, 2015. The investigation was initiated on September 2, 2014, following a petition filed by domestic steel producer Ann Joo Steel Berhad.    Read More

US DOC to issue AD/CVD orders on Chinese wire rod imports

The United States International Trade Commission (USITC) determined Monday that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the US Department of Commerce (DOC) has determined are subsidized and sold in the United States at less than fair value. All six Commissioners voted in the affirmative. As a result of the USITC’s affirmative determinations, the DOC will issue antidumping... Read More

Short Range Outlook : December 2014

Oversupply still evident Oversupply has been evident in the global long steel market from September up to the end of November, slowing down demand, putting pressure on the market and pushing prices downwards. However, outputs are being reduced in certain areas and demand in the global long steel products market is now at reasonable levels although purchasing processes in general have been delayed or even fragmented due to the general price downtrend.... Read More

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