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
Mexico sets CVD margins on Chinese wire rod imports
Mexico’s economy secretariat, concluded its investigation over the imports of Chinese wire rod this week, dropping the antidumping portion of the probe and applying a definite countervailing duty (CVD) of $0.49 per kilogram for the purchases of the product. Domestic producers ArcelorMittal, Deacero and Ternium requested an antidumping probe into the imports of Chinese wire rod in July 2015; and Mexico’s economy secretariat launched the investigation... Read More
India initiates AD probe on wire rod imports from China
India’s Ministry of Commerce and Industry has announced that it has initiated an antidumping duty investigation concerning imports of wire rod of alloy or non-alloy steel, originating in or exported from China. The investigation launched upon a complaint received from Indian producers Steel Authority of India Limited (SAIL), Rashtriya Ispat Nigam Limited (RINL), Usha Martin Limited and JSW Steel Limited, alleging that the subject goods are being... Read More
Colombia imposes antidumping duty on wire rod imports from China
The Colombian Ministry of Commerce, Industry and Tourism (MINCIT) has announced that it has imposed antidumping duty on imports of wire rod of iron or non-alloy steel or other alloy steel, of circular cross section diameter less than 14 millimeters, with a carbon content less than 0.45 percent by weight, from China. According to MINCIT, the antidumping duty is valid for a period of five years and consists of a value corresponding to the difference... Read More
IREPAS in Lisbon: Exciting times finally here after depressing period
The 74th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Lisbon, Portugal on April 10-12, 2016. There were 70 producer representatives among the 261 registered delegates from 35 different countries. There were also 35 registrations representing 25 different raw material suppliers. At the opening of the SteelOrbis 2016 Spring Conference & 74th IREPAS Meeting held in Lisbon on April 10-12, Kim Marti, the international... Read More
Thailand imposes antidumping duties on low-carbon wire rod imports from China
Thailand’s Department of Foreign Trade has announced that it has decided to impose antidumping duty on low-carbon wire rod imports from China for a period of five years. The antidumping duty rates range from 12.81 percent to 31.15 percent for goods falling under Customs Tariff Statistics Position Numbers 7213.9120.000, 7213.9190.010, 7213.9190.011, 7213.9190.012, 7213.9190.013, 7213.9190.033, 7213.9190.034, 7213.9190.035, 7213.9190.090, 7213.9920.000,... Read More
Australia initiates CVD investigation for wire rod imports from China
Australia’s Antidumping Commission has announced that it has initiated a countervailing duty (CVD) investigation regarding imports of wire rod from China. The application lodged by Australian wire rod producer OneSteel Manufacturing Pty Ltd claims that the goods in question exported to Australia have been in receipt of countervailable subsidies from China and that the subsidization has caused material injury to the Australian industry through price... Read More
Colombia extended existing antidumping duties on imports of wire rod from China
Colombia’s ministry of commerce, industry and tourism, MINCIT, has extended existing provisional antidumping duties on the imports of wire rod from China, it said. According to MINCIT, the levies were extended for two more months, and correspond to the “difference between base FOB $541.06/mt price and the FOB price declared for the imported product, always and whenever the last is cheaper than the base price.” The provisional antidumping duties... Read More
Australia imposes preliminary antidumping duty on wire rod imports from China
Australia’s Antidumping Commission has announced that it has imposed a preliminary antidumping duty against Chinese wire rod imports. Accordingly, the preliminary dumping duty rates are as follows: Hunan Valin Xiangtang Iron & Steel Co. Ltd – 32.1 percent, Jiangsu Shangang Group Co., Ltd – 28.2 percent, Uncooperative and all other exporters from China – 53.9 percent The duty investigation was launched on August 12, 2015,... Read More
India announced minimum import prices
India’s Ministry of Commerce and Industry has announced a minimum import price for steel imports, valid for six months from the date of notification, February 5, or until further announcements. Imports covered by letters of credit already entered into before the date of notification will be exempt from the minimum import price implementation. The minimum steel import prices for steel billets, reinforcing bars and wire rods are as follows: Billets ... Read More