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
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
Short Range Outlook : June 2014
Healthy demand but persisting concerns in global long steel products market Demand has continued to improve in the global long steel products market, especially in the Americas and the EU. The US market remains particularly healthy demandwise, though supply is still very high, leading to worries that the market may have peaked. Commercial activity is increasing in Central and South America, with the exception of Brazil where the market appears to... 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
Morocco rescinds Turkey’s exemption from safeguard measures
Turkey’s Ministry of Economy announced that; Morocco has excluded Turkey from the countries who were exempt from the safeguard measure on concrete steel reinforcing bar and wire rod imports. On March 21 this year, Morocco’s Ministry of Industry, Trade and New Technologies had announced that Turkey was exempt from the safeguard measure along with developing countries. On the other hand, China is listed among the developing countries who... 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
Short Range Outlook : February 2014
Difficulties in emerging markets adversely impact long steel business The annualized crude steel production of the world steel industry in December last year decreased to 1.521 billion metric tons as the average daily rate of production declined by 2.5 percent in the given month compared to the previous month. The capacity utilization rate of the industry was 74.2 percent in December. According to the World Steel Association (worldsteel), the 65... Read More
AD and CVD duty petition against wire rod imports from China to the US
An antidumping and countervailing duty petition against imports of wire rod from China is filed by a coalition of US producers of carbon and certain alloy steel wire rod. The coalition is comprised of the following producers: Nucor ArcelorMittal USA Charter Steel Evraz Rocky Mountain Steel Gerdau Ameristeel Keystone Consolidated Industries filed China is now the largest source of wire rod imports in the US, and the filed antidumping and countervailing... Read More
Administrative review of wire rod imports from Mexico to the US initiated
The US Department of Commerce announced the initiation of an adminsitrative review of the antidumping orders on carbon and certain alloy steel wire rod from Mexico – Deacero S.A. de C.V. on December 3rd, 2013. The period of review is October 1, 2012 through September 30, 2013. Read More