Pakistan imposes final antidumping duty on rebar imports from China
Pakistan’s National Tariff Commission has announced that it has imposed final antidumping duty on imports of deformed concrete reinforcing steel bars from China for a period of five years effective from October 23. The commission stated that the antidumping duty will not be levied on imports of the investigated product that are solely used as input in products destined solely for exports. Accordingly, the final antidumping duty for the deformed... Read More
Aceros Arequipa of Peru asks to investigate rebar imports from Brazil and Mexico
Peruvian steelmaker Aceros Arequipa has filed a request at the country’s institute of competition defense and intellectual property (Indecopi) asking the authority to investigate imports of Brazilian and Mexican rebar, according to media reports this week. In the filing, dated June 27, Aceros Arequipa argued that imports of Brazilian and Mexican rebar have increased in Peru and now threaten the domestic industry. Read More
IREPAS in Athens: Global longs market in much better shape compared to 2016, but China needs to be watched
The 77th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Athens, Greece on September 24-26, 2017. There were 134 producer representatives among the 433 registered delegates from 44 different countries. There were also 76 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS, said he believed the outlook for the next quarter is very... Read More
Short Range Outlook – September 2017
Further improvements in global long steel market amid lack of pressure from China Demand in the global long steel products market is good and has even been increasing slightly in almost all markets as there is no pressure from China on the international market. Strong domestic steel consumption in China reduces prospects for Chinese exports Some months ago, the consensus of steel sector analysts was that steel demand in China would decrease during... Read More
The programme of the 77th IREPAS meeting in Athens
September 24th, Sunday 19:00 – 22:00 Welcome cocktail at Wyndham Grand Athens September 25th, Monday 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 10:30 SESSION ONE – Global economic outlook - Global Economic and Market Developments Vassilis Patikis, Piraeus Bank / Head, Economic Research & Investment Strategy Structural Themes for the Post Crisis Global Economy US,... 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
Short Range Outlook : August 2017
Good demand in global long steel products market backed by reasonable growth Demand in the global long steel products market is good and steady as reasonable growth is seen to be globally providing support for steel consumption. Chinese steel exports at 2014 levels playing huge role in global supply-demand balance Chinese steel exports are down to 2014 levels after having been considerably higher for the past three years. Obviously the reduced supply... Read More
Final margins for rebar imports from Taiwan to the US are announced
On July 21, 2017, the US Department of Commerce (DOC) announced its affirmative final determination in the antidumping duty (AD) investigation of imports of steel concrete reinforcing bar from Taiwan. Mandatory respondents Power Steel Co., Ltd. and Lo-Toun Steel and Iron Works Co., Ltd. received final dumping margins of 3.50 percent and 32.01 percent, respectively. The DOC assigned the final margin of 3.50 percent to all other producers/exporters... Read More
US DOC revised final margins for rebar imports from Turkey
The US Department of Commerce (DOC) has announced that it has revised the final dumping and subsidy margins and cash deposit rates imposed on reinforcing bar imports from Turkey based on affirmative final determinations by the DOC and the US International Trade Administration (ITC). The DOC stated that it is amending its affirmative final determination for Turkey to correct ministerial errors. Accordingly, the new final dumping margins range between... Read More
Short Range Outlook : July 2017
Threat of new trade measures weighs on global long products market The threat of new trade measures in the US and of a counterreaction by the EU is weighing on all market players. The G20 summit will show us how the US administration and President Trump will move forward – whether he will prefer to continue with confrontation and the blockage of imports or whether he will soften his stance and come to a mutual agreement. Will the US become ‘an... Read More