EUROFER not happy with the provisional antidumping duty on Chinese HFP rebar imports
The European Steel Association (EUROFER) has stated that it welcomes the European Commission’s imposition of provisional antidumping measures on imports of Chinese origin high fatigue performance (HFP) rebar, but also questions their effectiveness in actually deterring wider Chinese dumping. According to EUROFER, the provisional measures, as low as nine percent, cannot remedy the massive injury caused by Chinese HFP rebar import surges, which have... Read More
Provisional antidumping duty imposed on HFP rebar imports from China to the EU
The European Commission has announced that it has decided to impose provisional antidumping duty on high fatigue performance (HFP) rebar imports from China for a period of six months. The investigation was launched on April 30, 2015 as a result of an application by EUROFER, alleging that imports of HFP rebar from China have increased in absolute terms and in terms of market share. The investigation covers the period from April 1, 2014 to March 31,... Read More
Brazil initiates antidumping investigation for rebar imports from Turkey
The Brazilian government has announced that it has initiated an antidumping investigation on rebar imports from Turkey. The investigation was launched upon the complaint lodged by local producers Gerdau and ArcelorMittal, which claimed that rebar imports from Turkey were dumped and have been causing material injury to the domestic industry. The investigation covers the period between July 2014 and June 2015. In their application, Gerdau and ArcelorMittal... Read More
CVD duty investigation for Chinese rebar imports initiated in Australia
Australia’s Antidumping Commission has announced that it has initiated a countervailing (CVD) duty investigation against Chinese rebar imports. The duty investigation launched by following an application lodged by domestic producer OneSteel Manufacturing Pty Ltd claims that the goods were in receipt of countervailable subsidies from China and that the subsidization has caused material injury to the Australian industry through loss of sale volume,... Read More
Short Range Outlook : December 2015
Sentiment generally negative in global long steel products market Sentiment in the global long steel products market is generally negative due to the expected seasonal slowdown at the end of the year. Most markets are approaching holidays periods and, as buyers in many areas decided on their last purchases of the year in the previous weeks, activity has slackened lately. EU and North American mills have been able to get their orders Long product mills... Read More
Australia grants more time for antidumping duty investigation on rebar imports from China
Australia’s Antidumping Commission has announced that it has been granted more time by the Australian government for the antidumping duty investigation against Chinese rebar imports. The deadline for the completion of the investigation is February 6, 2016. The commission needs more time to thoroughly assess the market situation and material injury claims. The antidumping duty investigation was launched in July this year and the goods subject to... Read More
IREPAS in Rome: Participants agree prices are close to the bottom
The 73rd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Rome, Italy on October 4-6, 2015. There were 84 producer representatives among the 284 registered delegates from 35 different countries. There were also 30 registrations representing 22 different raw material suppliers. IREPAS chairman Kim Marti stated during his opening address that the main challenges the long products industry is facing are overcapacity... Read More
Australia revised preliminary antidumping duty on imports of rebar
The Australian Government Antidumping Commission has announced that it has revised the preliminary antidumping (AD) duty on rebar imports from South Korea, Singapore, Spain and Taiwan. The preliminary antidumping rates now range between 9.7-14.3 percent for South Korea, 3-8.2 percent for Spain, 6.6 percent for Singapore and 4.7-8.9 percent for Taiwan. The antidumping duty investigation was launched in October 2014 upon the application of domestic... Read More
Short Range Outlook : September 2015
Long steel demand reasonable in Europe and North America for the season Trade for long steel products has been slower due to summer breaks in the northern hemisphere, although demand in Europe and North America could be described as reasonable for the season. Oversupply remains biggest problem Some oil producer countries are showing the effects of oil price reductions in terms of lower demand and currency devaluations that restrict imports. Oversupply... Read More
Short Range Outlook : July 2015
Reasonable demand in many markets such as US and Europe Demand for long steel products continues to be reasonable in many areas like America or Europe but is slowing down in countries in the Middle East and North Africa (MENA) region due to seasonal reasons. Pressure from Chinese goods intensifies A new wave of offers for all kinds of Chinese origin steel is adding to the pressure and increasing competition. All the while Chinese consumption has... Read More