Short Range Outlook : June 2024
Gloom persists in global longs market, no sign yet of corner being turned Demand in the global long steel products market continues to lag behind supply and the bottom of the market may not have been seen yet. The steel volumes being produced and being consumed are not growing. On the contrary, they are down in most regions. A lot depends on China Everyone one is expecting some move from Beijing, to slow down exports from China. The iron ore price... Read More
EU extends steel safeguard measures for another two years, technical adjustments made for wire rods
The European Commission has announced that it has decided to extend the safeguard measures on imports of 26 steel products for another two years until June 30, 2026, finding that the safeguard measure continues to be necessary to prevent serious injury. Without the extension, the current quota measures would expire on June 30, 2024. There are also some technical adjustments to the functioning of the measure in two product categories – hot rolled... Read More
US DOC removes Section 232 exemptions for six steel products
The Bureau of Industry and Security of the US Department of Commerce (DOC) has published a final rule that revises the Section 232 exclusion process for steel and aluminum imports discussed in the five previous interim final rules. Accordingly, the DOC has lifted Section 232 import duty exemptions for 12 products including six steel and six aluminum products by removing the products from the list of General Approved Exclusions. The six steel products... Read More
US to raise tariffs on Chinese steel products to 25 percent
In a statement from the White House, US President Joe Biden has announced that existing 0-7.5 percent import duties on Chinese steel products under the Section 301 tariffs will be increased to 25 percent this year. The decision, which was made following a review by the US Trade Representative, is designed to encourage China, the largest contributor to the global steel overcapacity issue, to eliminate its unfair trade practices, the statement indicated. According... Read More
US issues final antidumping margins for rebar imports from Mexico
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on reinforcing bar imports from Mexico for the period between November 1, 2021, and October 31, 2022. Accordingly, the US DOC has determined that Mexican producers’ sales of the subject goods to the US were made below normal value during the period of review. The DOC has determined the following weighted-average dumping... Read More
Canada launches antidumping probe against rebar imports from three countries
The Canada Border Services Agency (CBSA) has announced that it has launched an antidumping (AD) duty investigation to determine whether certain rebar from Bulgaria, Thailand and the United Arab Emirates are being sold at unfair prices in Canada. The investigation is the result of a complaint filed by ArcelorMittal Long Products Canada, G.P., Gerdau Ameristeel Corporation, and AltaSteel Inc. The CBSA will investigate whether the imports are being dumped... Read More
US issues final CVD review results on rebar imports from Turkey
The US Department of Commerce (DOC) has announced the final results of its administrative review of the countervailing duty (CVD) order on reinforcing bar imports from Turkey for the period between January 1, 2021, and December 31, 2021. The final subsidy rates are at 5.54 percent for Kaptan Demir Celik Endustrisi ve Ticaret A.S., Kaptan Metal Dis Ticaret ve Nakliyat A.S., and 0.03 percent (de minimis) for Colakoglu Metalurji A.S. and Colakoglu Dis... Read More
Short Range Outlook : April 2024
Global longs market under pressure from weak demand and China’s aggressive exports Demand in the global long steel products market continues to lag behind supply and the situation is getting worse because of China’s aggressive export policy. At the beginning of 2024, China accelerated its exports. Based on the data for the first two months of 2024, they are poised to exceed their record exports seen in 2015. Chinese steel producers seem to be... Read More
The program of the 90th meeting in Berlin
Day 1: Sunday, April 28, 2024 19:00 – 22:00 Welcome cocktail at InterContinental Berlin Day 2: Monday, April 29, 2024 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 09:45 SESSION ONE – Critical changes in the global long steel markets - Long products market outlook Overview of global construction... Read More
Canada launches antidumping probe against wire rod imports from three countries
The Canada Border Services Agency (CBSA) has announced that it has launched an antidumping (AD) duty investigation to determine whether certain wire rod from China, Egypt, and Vietnam are being sold at unfair prices in Canada. The investigation is the result of a complaint by Ivaco Rolling Mills. The CBSA will investigate whether the imports are being dumped and will make a preliminary decision within 90 days, at which time provisional duties may... Read More