US DOC issues first exclusions from Section 232 tariffs on steel imports
The US Department of Commerce (US DOC) has announced that its Bureau of Industry and Security (BIS) has begun granting its first product exclusions from the Section 232 tariffs on imports of steel. The US DOC stated that seven different US companies importing steel products from Japan, Sweden, Belgium, Germany and China have been excluded from the 25 percent additional duties on steel imports. The companies receiving the exclusions are as follows: Schick... Read More
Short Range Outlook : June 2018
Global long steel market to see some stability in short term after Section 232 decision The global long steel products market is expected to see some stability in the short term after the US imposed tariffs on steel imports from June 1 on the European Union, Canada and México, which were all exempted from the tariffs during May. The Section 232 measures are now the same for the EU, Turkey, Canada and México, but the uncertainty in the market has... Read More
No deal: US puts tariffs on steel and aluminum imports from EU, Canada and Mexico
US commerce secretary Wilbur Ross has said that a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the EU, Canada and Mexico will go into effect at midnight, June 1. In March, the US imposed 25 percent duty on steel imports, while granting exemptions to the EU and some other countries until May 1, before later extending the deadline until June 1. Canada, Mexico, and the European Union have already vowed to retaliate... Read More
US amends final AD/CVD decision on wire rod imports from Turkey, Spain
The US Department of Commerce (US DOC) has announced that, with respect to its final determinations in the antidumping duty investigations of imports of carbon and alloy steel wire rod from Italy, South Korea, Spain, Turkey and the UK and countervailing duty investigations of the same imports from Italy and Turkey, to correct ministerial errors, it has amended the final antidumping duty rates for Turkey and Spain and the countervailing duty rates... Read More
Ukraine approves temporary rise in scrap export duty
Ukraine’s parliament has approved the bill to increase the export duty on scrap from €30/mt to €42/mt for a period of one year. The proposed bill had been aiming to impose the increase in export duty on scrap until September 2021. The draft law was submitted to the parliament in April. Read More
EU notifies WTO of potential counter-measures on certain US products
The World Trade Organization (WTO) has announced that the European Union (EU) has notified the WTO’s Council for Trade in Goods of its proposed suspension of concessions and other obligations that are substantially equivalent to the amount of trade affected by the measures imposed by the United States (US). Accordingly, the EU has stated that it reserves its right to take counter-measures against the US tariffs on steel and aluminum imports. According... Read More
Canada concludes reinvestigation of rebar imports from certain countries
The Canada Border Services Agency (CBSA) has announced that it has concluded a reinvestigation to update the normal values and export prices respecting rebar originating in or exported from China, South Korea, Turkey, Belarus, Taiwan, the Hong Kong Special Administrative Region of China, Japan, Portugal and Spain, and the amounts of subsidy of certain rebar originating in or exported from China. Accordingly, the CBSA stated that specific normal values... Read More
IREPAS in Warsaw: Confusion and uncertainty in the global market
The 78th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Warsaw, Poland on May 6-8, 2018. There were 117 producer representatives among the 320 registered delegates from 48 different countries. There were also 62 registrations representing 40 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS emphasized that there is obvious confusion and uncertainty in the... Read More
US ITC rules that wire rod from five countries injures the US steel industry
The United States International Trade Commission (US ITC) today determined that a US industry is materially injured by reason of imports of carbon and certain alloy steel wire rod from Italy, Korea, Spain, Turkey, and the United Kingdom that the US Department of Commerce (US DOC) has determined are sold in the United States at less than fair value and subsidized by the governments of Italy and Turkey. As a result of the ITC’s affirmative determinations,... Read More
Decision on Section 232 exemptions delayed until June 1
U.S. President Trump will reportedly delay the decision whether to impose steel and aluminum tariffs on countries currently exempted from the Section 232 tariffs until June 1. The administration is expected to finalize deals with the European Union, Canada and Mexico, while reaching “agreements in principle” with Australia, Argentina and Brazil. The details of those agreements will be finalized in the next 30 days. Read More