US DOC issues preliminary decision of CVD review on Turkish rebar
According to a statement issued by the Turkish Steel Exporters’ Association (CIB), the US Department of Commerce (DOC) as announced the preliminary results of its administrative review of the countervailing duty (CVD) order on rebar imports from Turkey, imposed on September 15, 2014. Accordingly, in its preliminary decision the US DOC has calculated the countervailing duty rate for rebar imports from Turkey as 0.0 percent for Turkish steel producers... Read More
Short Range Outlook : December 2016
Clear switch to positive sentiment in global long steel products market Conditions in the global long steel products market have improved significantly and a clear change to positive sentiment has been observed in the industry, something not seen in recent years. Chinese demand and supply restructuring boost prices and margins Domestic demand in China, together with a restructuring of supply at all levels from raw materials to finished products, is... Read More
US DOC postpones preliminary determination in Turkish rebar investigation
The US Department of Commerce (DOC) has announced that it has postponed its preliminary decision regarding the countervailing duty (CVD) investigation on rebar imports from Turkey, which was due no later than December 15, since it will need more time to make the preliminary determination. The new deadline for the preliminary determination is February 21, 2017. Meanwhile, the deadline for the final determination will continue to be 75 days after the... Read More
US ITC voted to continue investigation on rebar imports from Japan, Taiwan and Turkey
The United States International Trade Commission (US ITC) determined on November 3rd that there is a reasonable indication that the US industry is materially injured by reason of imports of steel concrete reinforcing bars from Japan, Taiwan, and Turkey that are allegedly sold in the United States at less than fair value and subsidized by the government of Turkey. All six Commissioners voted in the affirmative. As a result of the ITC’s affirmative... Read More
Short Range Outlook : November 2016
Global long steel products market enjoys its best environment since 2013 The global long steel products market is currently enjoying its best environment since 2013, while sentiment has improved significantly. Supply and demand in the market are now a lot more in equilibrium compared to previous months. Fewer offers from China and Russia seen in global market Demand had made a weak start to October, as sellers were continuing with their seasonal fourth... Read More
IREPAS in Vienna: Global longs market focuses on challenges amid signs of stabilization
The 75th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Vienna, Austria on September 25-27, 2016. There were 94 producer representatives among the 285 registered delegates from 33 different countries. There were also 44 registrations representing 30 different raw material suppliers. On the last day of the conference, producers of long steel products and steel billets, as well as traders and raw material suppliers,... Read More
US rebar coalition files AD/CVD petition against imports from Turkey, Japan and Taiwan
The Rebar Trade Action Coalition (RTAC), a coalition of US rebar producers, filed petitions asking the US Department of Commerce and the International Trade Commission to conduct antidumping investigations into imports of rebar from Japan, Taiwan, and Turkey , and a countervailing duty investigation into imports of rebar from Turkey. The petitions demonstrate that Japanese, Taiwanese, and Turkish rebar producers are dumping their product into the... Read More
Short Range Outlook : September 2016
Increased stability and reduced price spreads in global long steel market The global long steel products market has seen some stability over the last few weeks as the increase in Chinese origin offer prices halted the weakening of global long product prices. The spread between Chinese and Turkish origin reinforcing bar prices has narrowed significantly and is becoming even narrower. Likewise, the price spread between the most expensive FOB or ex-works... Read More
Short Range Outlook : August 2016
Global long steel products market still in critical situation despite greater price stability The global long steel products market is still in a critical situation as market activity has been pretty slow for a long time. Demand in the market has softened but supply remains the same. Buyers have been receiving offer alternatives but they are not in a hurry to buy. As such, sizable purchases have not been observed over the past two months. Under these... Read More
Short Range Outlook : July 2016
Volatility in pricing and availability still a challenge for global long steel products market The global long steel products market has been going through a volatile period since March this year. Volatility in pricing has led to swings in availability of both steel and steel scrap, and this continues to be a challenge for the business environment. With low inventories in general throughout the supply chain comes larger pricing swings. Mills currently... Read More