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
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
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
Short Range Outlook : May 2014
Some bright spots in global long steel demand despite ongoing uncertainties The global long steel products market is still characterized by uncertainty amid the adverse effects of ongoing political tensions. The market combines areas where business is reasonably good, with some others where business is very weak. Real demand slowed down last month in the EU market due to the Easter holidays. However, the customers in the region who had postponed their... 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
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
Short Range Outlook : March 2014
Political instability casts a shadow over long steel market The global long steel products market has been adversely affected by political developments in Ukraine and Turkey, and also by the prevailing market conditions. The downward trend in raw material prices and the excess supply of finished products in the market have resulted in a slowdown in purchasing activity. Despite the continuing improvements in developed economies, these have not been... Read More
DeAcero suggests negotiation
Mexican steel producer DeAcero released a request on February 13th that the US Department of Commerce avoid trade disputes with Mexico and focus on the defense of NAFTA regions, which receive unfair imports from China and the European Union. The request read “Trade disputes between members of NAFTA should be resolved through negotiation and agreement rather than trade litigation.” DeAcero said “A suspension agreement in the antidumping... 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
US DOC postponed preliminary determination on rebar imports
The United States Department of Commerce (DOC) was expected to announce its preliminary determination in the antidumping investigation on reinforcing bar imports from Mexico and Turkey on February 27th, 2014. However, the DOC announced on Feb 4th that it will make the preliminary determination by the 18th of April, 2014. Read More