Short Range Outlook : June 2015
Slight improvement in trading atmosphere It seems that the general trading atmosphere has become slightly better in the global long steel market. The imbalances which we have gotten used to have diminished somewhat and therefore traditional trade routes seem to be chosen again. The strengthening of the Russian currency and the reduced influx of Chinese steel to far away markets are having an impact. Demand picks up in Europe, interest in imports declines The... Read More
EU initiates anti dumping investigation for Chinese high fatigue performance rebar
The European Commission has announced that it has initiated an antidumping (AD) duty investigation regarding high fatigue performance (HRP) rebar imports from China. The investigation has been launched following the application filed by the European Steel Association (EUROFER), alleging that imports of the product under investigation from the country concerned have increased overall in absolute terms and in terms of market share. The products subject... Read More
Australia extended dumping investigation on rebar imports again
Australia’s Antidumping Commission has announced that it has further extended the antidumping (AD) duty investigation against rebar imports from South Korea, Malaysia, Singapore, Spain, Taiwan, Thailand and Turkey, to be able to conduct verification of exporters’ data,. The final decision now will be made on or before August 17, 2015. The investigation had already been extended in February. The commission imposed a preliminary antidumping... Read More
Short Range Outlook : March 2015
Global long steel market remains under strong pressure from supply side The global long steel products market is still under supply pressure with strong and agressive offers in terms of volumes and prices. Imbalance between scrap and iron ore prices closes faster than expected The imbalance between prices of iron ore and scrap has been closing as expected, but at a much faster rate. Lower scrap prices will benefit EAF-based producers and help them... Read More
Australia extended AD duty investigation on certain rebar imports
Australia’s Antidumping Commission has announced that it has extended the antidumping (AD) duty investigation against rebar imports from South Korea, Malaysia, Singapore, Spain, Taiwan, Thailand and Turkey, due to the large number of countries involved in the investigation. The final decision now will be made on or before May 7, 2015. The investigation was launched in October 2014 upon the application of domestic steel producer OneSteel Manufacturing... Read More
Short Range Outlook : February 2015
Strong supply pressure and agressive offers in global long steel market The global long steel products market has been under supply pressure with strong and agressive offers in terms of volumes and prices since the beginning of 2015. Healthy demand in North America Markets in North America keep showing healthy demand. The reinforcing bars market in the US increased to almost 8 million metric tons in 2014, although imports at competitive pricing have... Read More
Malaysia extended deadline for preliminary AD decision on rebar imports
Malaysian authorities have announced on the country’s official gazette on Monday, December 29th that; the time period for the antidumping duty investigation on reinforcing steel bar imports from China and South Korea was extended by an additional thirty days from January 1, 2015 until January 30, 2015. The investigation was initiated on September 2, 2014, following a petition filed by domestic steel producer Ann Joo Steel Berhad. Read More
Russia extended antidumping investigation on rebar imports from Ukraine
The Euroasian Economic Commission has announced that Russia has extended its antidumping duty investigation on reinforcing bar imports from Ukraine for another three months. Accordingly the investigation will last until February 19th, 2015. The investigation was initiated on November 20th, 2013 by the Department of Protection of Domestic Market under the Eurasian Economic Commission. Read More
Australia initiated antidumping investigation against rebar imports
The Australian Government Antidumping Commission has announced that it has initiated an antidumping (AD) duty investigation against rebar imports from South Korea, Malaysia, Singapore, Spain, Taiwan, Thailand and Turkey. The investigation launched upon the application of domestic steel producer OneSteel Manufacturing Pty Ltd (OneSteel) will cover the period between July 1, 2013 and June 30, 2014. The Commission will examine details of the Australian... Read More
Temporary tariffs imposed in Egypt
Egyptian Ministry of Industry and Foreign Trade announced that; temporary tariffs have been imposed to protect domestic reinforcing steel bar manufacturers. The 7.3 percent tariffs will last for a maximum of 200 days, but could eventually be made permament, the ministry said. Egyptian steelmakers have expressed concern about imports from Turkey, the world’s leading steel reinforcing bar exporter. Read More