Short Range Outlook : February 2019
Price levels improve in global long steel products market despite uncertainties Prices in the global long steel products market are better compared to our last report, though there is a certain degree of uncertainty regarding how sustainable the current price levels are. The situation has gotten worse generally in terms of demand and supply, as there seems to be a general worsening of expectations and the numbers coming in do not bode well. Brazilian... Read More
US ITC votes to maintain antidumping duties on rebar imports from seven countries
The US International Trade Commission (ITC) today determined that revoking the existing antidumping duty orders on imports of steel concrete reinforcing bar from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. Current AD margins are as follows: Country AD margin Belarus ... Read More
US and South Korea sign new free trade deal, including quotas for US steel imports
According to news reports, the United States and South Korea signed a revised free-trade deal. The US-Korea Free Trade Agreement (KORUS) reportedly addresses many trade issues faced by US exporters, mainly automotive producers. The new KORUS also limits steel and aluminum imports from South Korea. According to the agreement, the United States will impose a 10 percent tariff on aluminum imports. Steel, however, will be subject to a product-specific... Read More
IREPAS in Istanbul: All eyes on protectionist measures as IREPAS celebrates its 35th anniversary with record attendance
The 79th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 16-18, 2018. There were 139 producer representatives among the record 519 registered delegates from a total of 52 different countries. There were also 84 registrations representing 45 different raw material suppliers. At the opening of the conference which celebrated the 35th year of this bi-annual meeting, Murat Cebecioglu,... Read More
No deal: US puts tariffs on steel and aluminum imports from EU, Canada and Mexico
US commerce secretary Wilbur Ross has said that a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the EU, Canada and Mexico will go into effect at midnight, June 1. In March, the US imposed 25 percent duty on steel imports, while granting exemptions to the EU and some other countries until May 1, before later extending the deadline until June 1. Canada, Mexico, and the European Union have already vowed to retaliate... Read More
US amends final AD/CVD decision on wire rod imports from Turkey, Spain
The US Department of Commerce (US DOC) has announced that, with respect to its final determinations in the antidumping duty investigations of imports of carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey and the UK and countervailing duty investigations of the same imports from Italy and Turkey, to correct ministerial errors, it has amended the final antidumping duty rates for Turkey and Spain and the countervailing duty rates... Read More
US ITC rules that wire rod from five countries injures the US steel industry
The United States International Trade Commission (US ITC) today determined that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from Italy, Korea, Spain, Turkey, and the United Kingdom that the US Department of Commerce (US DOC) has determined are sold in the United States at less than fair value and subsidized by the governments of Italy and Turkey. As a result of the ITC’s affirmative determinations,... Read More
US DOC issues final AD/CVD decisions for wire rod imports from five countries
The US Department of Commerce (DOC) has announced its final determinations in the antidumping duty investigations of imports of carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey and the UK and countervailing duty investigations of the same imports from Italy and Turkey. Antidumping duty rates are as follows: Italy Ferriere Nord S.p.A. : 12.41% Ferriera Valsider S.p.A. ... Read More
US ITC issues injury determination in case against wire rod from Ukraine and South Africa
The United States International Trade Commission (US ITC) today determined that a US industry is materially injured or threatened with material injury by reason of imports of carbon and alloy steel wire rod from South Africa and Ukraine that the US Department of Commerce (US DOC) has determined are sold in the United States at less than fair value. Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson... Read More
US DOC announced final antidumping duty on wire rod imports from S. Africa and Ukraine
The US Department of Commerce (US DOC) has announced that it has imposed final antidumping duty on imports of carbon and alloy steel wire rod from South Africa and Ukraine. Accordingly, the US DOC has calculated the following dumping rates: South Africa ArcelorMittal South Africa Limited : 142.26 percent Scaw South Africa (Pty) Ltd. (also... Read More