Anti dumping investigation in Australia against wire rod imports
Australia’s Anti Dumping Commission has announced initiation of an antidumping investigation against imports of hot rolled wire rod in coils with a diameter of less than 14 mm which fall under the Customs Tariff Statistics Position Numbers 7213.91.00 and 7227.90.90, from Indonesia, Taiwan and Turkey. The investigation is initiated basis application by the Australian steel producer OneSteel Manufacturing Pty Ltd (OneSteel), which alledges that... Read More
Marti: Industry is still facing overcapacity problem
Speaking at the SteelOrbis Spring’14 Conference & 70th IREPAS Meeting in Barcelona, Spain today, IREPAS chairman Kim Marti stated that the long steel industry is still facing the problem of overcapacity, especially in China, though the same issue is now also being observed in Turkey, citing production cuts as still being a significant option. Mr. Marti emphasized that the continuation of free trade is unquestionable, though adding that... Read More
Short Range Outlook : February 2014
Difficulties in emerging markets adversely impact long steel business The annualized crude steel production of the world steel industry in December last year decreased to 1.521 billion metric tons as the average daily rate of production declined by 2.5 percent in the given month compared to the previous month. The capacity utilization rate of the industry was 74.2 percent in December. According to the World Steel Association (worldsteel), the 65... Read More
US DOC postponed preliminary determination on rebar imports
The United States Department of Commerce (DOC) was expected to announce its preliminary determination in the antidumping investigation on reinforcing bar imports from Mexico and Turkey on February 27th, 2014. However, the DOC announced on Feb 4th that it will make the preliminary determination by the 18th of April, 2014. Read More
Short Range Outlook: January 2014
Mood brightens in global long steel market despite ongoing unpredictability The global long steel products market has resumed business after the holiday period, as activity had stopped in many countries from the middle of December up to the first week of January. The mild weather conditions in the EU have permitted reasonable levels of construction activity, which have helped to sustain a certain volume of demand in the region’s long steel market.... Read More
Short Range Outlook: December 2013
Stability in global long steel market but future prospects appear brighter The global long steel products market maintained its generally stable condition during the month of November on the back of stable ferrous scrap prices. Major exporters have been able to find some opportunities for product volumes in the North African and Middle Eastern markets, and, on top of that, maintenance closures at a number of mills due to the upcoming holiday season... Read More
Kim Marti is named as Chairman of IREPAS
Kim Marti, Commercial Director of Celsa International, is named as the Chairman of IREPAS on the first day of the 69th IREPAS Meeting in Istanbul, Turkey. Marti replaces Ugur Dalbeler, CEO of Colakoglu Metalurji A.S., who has been Chairman of IREPAS since 2003. Kim Marti has been working for Celsa Group since 1990 in different commercial roles. Among the most recent of these roles was Commercial Director of Celsa UK 2003-2008, after which he... Read More
Short Range Outlook: September 2013
Raw material costs to provide some support for long steel prices despite depressed conditions The excess supply situation in certain regions in the global long steel products market in July also continued to be observed in the month of August. That said, market sentiment has lately been better in the US and Europe, where some price increases have been achieved. The market dynamics have been improving slightly in Asia too. Although the weak yen encourages... Read More
The programme of the 69th IREPAS Meeting
September 22nd, Sunday 13:00 – 19:00 Registration desk opens at the lobby 19:00 – 23:00 Welcome Cocktail at Swissotel The Bosphorous September 23rd, Monday 09:00 – 10:00 Registration desk opens at the conference area 09:30 – 12:30 IREPAS Committee Meetings 09:30 – 11:15 Wire Rod & Rebar Suppliers Committee (by invitation only) 09:30 – 11:15 Billet Suppliers Committee... Read More
AD/CVD petitions against rebar imported to the US from Turkey and Mexico
The Rebar Trade Action Coalition in the US has filed an antidumping (AD) petition against steel concrete reinforcing bar imports from Turkey and Mexico and a countervailing duty (CVD) petition against steel concrete reinforcing bar imports from Turkey. The individual members of the Rebar Trade Action Coalition are listed herebelow: Byer Steel Corporation Cascade Steel Rolling Mills Inc. Commercial Metals Company Gerdau Ameristeel Inc. Nucor Corporation The... Read More