Australia extends AD investigation on wire rod in coils
Australia’s Antidumping Commission has announced that it has extended the antidumping (AD) duty investigation against imports of hot rolled wire rod in coils with diameter of less than 14 mm from Indonesia, Taiwan and Turkey. The final decision will now be made on May 13. The investigation was launched in April 2014 upon the application made by Australian steel producer OneSteel Manufacturing Pty Ltd (OneSteel). The products subject to the antidumping... Read More
Short Range Outlook : March 2015
Global long steel market remains under strong pressure from supply side The global long steel products market is still under supply pressure with strong and agressive offers in terms of volumes and prices. Imbalance between scrap and iron ore prices closes faster than expected The imbalance between prices of iron ore and scrap has been closing as expected, but at a much faster rate. Lower scrap prices will benefit EAF-based producers and help them... Read More
Australia announced preliminary AD decision against wire rod imports
Australia’s Antidumping Commission has announced its preliminary decision regarding the antidumping (AD) investigation against imports of hot rolled wire rod in coils with diameter of less than 14 mm from Indonesia, Taiwan and Turkey. The investigation was launched in April 2014 following an application filed by the Australian steel producer OneSteel Manufacturing Pty Ltd (OneSteel). The commission has calculated preliminary dumping margins... Read More
Australia extended AD investigation against wire rod imports once again
Australia’s Antidumping Commission has announced that it has extended the period for its antidumping (AD) duty investigation against imports of wire rod in coils from Indonesia, Taiwan and Turkey once again, this time until April 15, 2015. The commission had already extended the deadline to January 15, 2015 back in October 2014. The antidumping duty investigation in question was launched in April 2014 upon the application made by Australian... Read More
US DOC publishes final AD & CVD margins for Chinese wire rod imports
The US Department of Commerce (DOC) published the antidumping (AD) and countervailing duty (CVD) orders on carbon and certain alloy steel wire rod from China. The final dumping margins in the AD investigation are: I. Three “separate rate” companies: 106.19%. Hunan Valin Xiangtan Iron & Steel Co., Ltd.; Jiangsu Shagang International Trade Co., Ltd.; Rizhao Steel Wire Co., Ltd. II. China-wide rate (i.e., all other Chinese producers and exporters)... Read More
US DOC to issue AD/CVD orders on Chinese wire rod imports
The United States International Trade Commission (USITC) determined Monday that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from China that the US Department of Commerce (DOC) has determined are subsidized and sold in the United States at less than fair value. All six Commissioners voted in the affirmative. As a result of the USITC’s affirmative determinations, the DOC will issue antidumping... Read More
US DOC announced final determination on wire rod imports from China
The US Department of Commerce (US DOC) announced Thursday its affirmative final determinations in the antidumping duty and countervailing duty investigations of imports of carbon and certain alloy steel wire rod from the People’s Republic of China (China). The US DOC determined that imports of carbon and certain alloy steel wire rod from China have been sold in the United States at dumping margins ranging from 106.19 percent to 110.25 percent. Additionally,... Read More
US DOC calculates lower AD margins for Mexican wire rod imports
The US Department of Commerce (DOC) announced its preliminary results in the administrative review of the antidumping order on carbon and certain alloy steel wire rod imports from Mexico. The review covers one Mexican producer/exporter and its affiliated US importer – Deacero S.A. de C.V. and Deacero USA, Inc. (collectively Deacero”) – during the period from October 1, 2012 through September 30, 2013. The DOC has calculated a preliminary dumping... Read More
Turkey raised customs duties for wire rod and bar imports
Turkey has increased the duty rates on wire rod and steel bar imports. The import duty on boron added wire rods now stands at 40 percent as opposed to the previously valid 3 percent duty rate. The duty on imports of steel bars has been raised to 30 percent from the previous level of 15 percent. Read More
IREPAS in Berlin: Specter of rising Chinese exports haunts the markets
The 71st meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Berlin, Germany on September 28-30. There were 82 producer representatives among the 288 registered delegates from 40 different countries. There were 48 registrations representing 33 different raw material suppliers. Raw material suppliers: Increasing Chinese exports will alter market balances Ioannis Meimaroglou, chairman of the IREPAS raw material suppliers... Read More