Short Range Outlook : May 2019
Global long steel market mostly unstable despite supply-demand equilibrium A balance has been maintained between supply and demand in the global long steel products market, but it is still difficult to transact business globally. However, shorter-distance regional business is good. The global market can be described as mostly unstable, with only a few exceptions. Absence of Chinese still provides support for the rest of the world We have to take into... Read More
Short Range Outlook : January 2019
Is globalization of the world’s long steel products market now at an end? The global long steel products market is heading towards a more complicated and difficult period as the globalization of the steel business is being rewound amid a clash between liberal and protectionist trade policies that are somehow tied to political ups and downs between world leaders. It seems that global business will be relatively quiet as long as protective measures... Read More
US DOC releases recommendations for steel tariffs or quotas under Section 232
US Department of Commerce Secretary Wilbur Ross publicly released his recommendations to the president following the conclusion of the Section 232 investigation into steel imports, with three import remedy options: A global 24 percent tariff on all steel imports from all countries. A tariff of at least 53 percent on steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, Korea, Russia, South Africa, Thailand, Turkey and Vietnam. A quota... Read More
New Zealand starts antidumping duty probe for rebar imports from China and Malaysia
New Zealand’s Ministry of Business, Innovation and Employment has announced that it has initiated an antidumping (AD) investigation regarding reinforcing steel bar and coil imports from China and Malaysia and a countervailing duty (CVD) investigation for the same products imported from China. The investigations was launched upon the complaint from Pacific Steel, the sole producer of rebar in New Zealand, claiming that the mentioned goods imported... Read More
Malaysia sets preliminary safeguard duty on imports of wire rod and debar in coils
The Malaysian government has announced the preliminary determinations in its safeguard investigation regarding imports of wire rod and deformed bar in coils. Accordingly, the preliminary safeguard duty rate is 13.90 percent for imports of wire rod and deformed bar in coils. The investigation launched in May this year upon the complaint lodged by Malaysia Steel Association (MSA) covers the period between October 1, 2012 and September 30, 2015. The... Read More
Malaysia imposes preliminary safeguard duty on rebar imports
The Malaysian government has announced the preliminary decision in its safeguard investigation regarding rebar imports into Malaysia. The government stated that there was an increase in imports of the products during the investigation period, which is from October 1, 2012 to September 30, 2015, and the increase in imports has caused serious injury to the domestic industry in respect of the decline in market share, domestic sales in terms of value,... 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
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
Australia extended AD duty investigation on certain rebar imports
Australia’s Antidumping Commission has announced that it has extended the antidumping (AD) duty investigation against rebar imports from South Korea, Malaysia, Singapore, Spain, Taiwan, Thailand and Turkey, due to the large number of countries involved in the investigation. The final decision now will be made on or before May 7, 2015. The investigation was launched in October 2014 upon the application of domestic steel producer OneSteel Manufacturing... 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