Short Range Outlook : September 2014
Challenging times in global longs market despite some demand improvements There has been a reasonable resumption of demand for long steel products in the North American and northern EU markets following the holiday period. Overall, the supply-demand imbalance seems to have eased, particularly for semi-finished materials, as a result of some cuts in production. Geopolitical conflict has caused business disruptions in the Black Sea region, Iraq and... Read More
US DOC announced preliminary duties on Chinese wire rod imports
The US DOC announced the preliminary duties on imports of carbon and alloy steel wire rods from China. Accordingly; Rizhao Steel Wire Co, Hunan Valin Xiangtan Iron & Steel, and Jiangsu Shagang International Trade Co (a subsidiary of Jiangsu Shagang Group) were all assigned a preliminary duty of 106.19%. All other producers were assigned a duty of 110.25% The US DOC previously set preliminary CVD margins of 81.36% for Hebei Iron&Steel, and... Read More
Malaysia initiated antidumping investigation against rebar imports
Malaysian authorities have initiated an antidumping investigation regarding reinforcing steel bar imports from China and South Korea on September 2, 2014, following a petition filed by domestic steel producer Ann Joo Steel Berhad, according to the country’s official gazette. The petition covers reinforcing steel bars equal to six meters or less for non construction usage. Read More
EU to review AD on imports of wire rod from China
The European Commission launched an expiry review on the antidumping duty on wire rod imports from China, which was originally imposed back in 2009 following the application by EUROFER (The European Steel Association). EUROFER insists that the expiry of the antidumping duty would result in recurerence of the dumping and the injury on the EU steel industry. The CN codes subject to the AD are as follows: 7213.10.00 7213.20.00 7213.91.10 7213.91.20 7213.91.41 7213.91.49 7213.91.90 7213.99.10 7213.99.90 7227.10.00 7227.20.00 7227.90.10 7227.90.50 7227.90.95 Read More
AD ruling on wire rods ex-China postponed by US DOC
The US DOC (Department of Commerce) announced on June 17th that it has posponed the date of its preliminary antidumping investigation of carbon and certain alloy steel wire rods imported from China. The decision has been taken following the request by the petitioners; ArcelorMittal USA, LLC, Charter Steel, Evraz Pueblo, Gerdau Ameristeel Inc., and Nucor Corporation. The original date had been July 10, 2014. As per the announcement, the new preliminary... Read More
US ITC affirms AD orders on wire rod from six countries, revokes Ukraine’s
USITC (The US International Trade Commission) made its determinations in its five-year (sunset) reviews concerning Carbon and Certain Alloy Steel Wire Rod from Brazil, Indonesia, Mexico, Moldova, Trinidad and Tobago, and Ukraine. The commission made affirmative determinations with respect to the existing countervailing duty order on carbon and certain alloy steel wire rod from Brazil and the existing antidumping duty orders on this product from Brazil,... Read More
Preliminary AD duties on rebar imports from Mexico and Turkey to the U.S.
The U.S. Commerce Department set preliminary anti dumping duties of up to 66.7 percent on imports of reinforcing bars from Mexico and duties of up to 2.6 percent on Turkish imports, on Monday, April the 21st. A final decision is due on or about July 3rd. Such preliminary ruling set duties of 66.7 percent on imported rebars from Mexico’s Grupo Acerero S.A. de C.V. while Grupo Simec received a preliminary dumping margin of 10.66 percent. All... Read More
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
Long steel products demand varies significantly between different markets
The 70th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Barcelona, Spain on March 31-April 1. There were 101 producer representatives among the 330 registered delegates from 39 different countries. Ioannis Meimaroglu, chairman of the IREPAS raw material suppliers committee, underlined the record-high 44 registrations of representatives of a total of 32 different raw material supplier companies for this latest... 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