Egypt terminated the safeguard investigation on rebar imports
Egyptian Chamber of Metallurgical Industries had lodged an application on behalf of some producers of steel reinforcing bars, alleging that the substantial increase in imports of steel reinforcing bars threatened to cause serious injury to the domestic industry, back in September 2012. The following companies were represented by the Chamber of Metallurgical Industries: Suez Iron Industries Co. Sarhan Steel Company Egyptian Company for Steel Suez... Read More
Short Range Outlook: November 2013
Some improvements in stable but quiet market The global long steel products market is generally stable but still quiet, though some movements have started to be observed as we approach the end of the year due to several different factors. First of all, a seasonal uptrend in ferrous scrap prices has been triggered as the winter approaches and supply is expected to be tightened. This same situation also exerts an impact on long steel product prices... Read More
Price volatility, overcapacity, credit restrictions and trade barriers among issues facing long steel industry, but positive signs from global economy
The 69th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 22-24, 2013. There were 120 producer representatives amongst the 407 registered delegates from 49 different countries. Kim Marti was named as Chairman of IREPAS, replacing Ugur Dalbeler. Ioannis Meimaroglu, Chairman of the Raw Materials Suppliers’ Committee, confirmed that a record high number of 42 representatives attended... Read More
Short Range Outlook: September 2013
Raw material costs to provide some support for long steel prices despite depressed conditions The excess supply situation in certain regions in the global long steel products market in July also continued to be observed in the month of August. That said, market sentiment has lately been better in the US and Europe, where some price increases have been achieved. The market dynamics have been improving slightly in Asia too. Although the weak yen encourages... Read More
AD/CVD petitions against rebar imported to the US from Turkey and Mexico
The Rebar Trade Action Coalition in the US has filed an antidumping (AD) petition against steel concrete reinforcing bar imports from Turkey and Mexico and a countervailing duty (CVD) petition against steel concrete reinforcing bar imports from Turkey. The individual members of the Rebar Trade Action Coalition are listed herebelow: Byer Steel Corporation Cascade Steel Rolling Mills Inc. Commercial Metals Company Gerdau Ameristeel Inc. Nucor Corporation The... Read More
Short Range Outlook: August 2013
US leads the way for demand in global long steel market The situation as regards excess supply in certain areas of the global long steel products market remained the same in July as compared to June, while there have been price rises due to availability restrictions amid some closures, like in the EU region, or also due to pressure on the raw materials side, like in Asia. In some markets, supply has been reduced to some extent, balancing with a certain... Read More
US DOC to maintain rebar AD orders for additional five years
The ITC (US International Trade Commission) issued its formal decision in the second sunset review of the antidumping orders against steel concrete reinforcing bars from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine. The ITC made affirmative determinations with respect to all countries that revocation of the orders would be likely to lead to the continuation or recurrence of injury to the domestic industry. Accordingly, the US Department... Read More
Short Range Outlook: June 2013
Chink of light for long steel market as raw material prices approach bottom The supply and demand imbalance in the global long steel products market has worsened lately. Although real demand is not that bad globally, the continuous decline in prices of raw materials is causing a delay in purchase decisions, resulting in a decrease in apparent demand. In some markets, especially in Europe, this is putting pressure on prices. Demand seems to have dried... Read More
Short Range Outlook: May 2013
Overcapacity hinders price increases in global longs market Yet another month has passed in which demand in the global long steel products market has failed to show the long-awaited recovery. The volume of business has significantly declined in the overall global marketplace, even though volumes are either unchanged or have increased in some regions. Prices in the Far Eastern market are somewhat lower due to the increase in Chinese output and supply.... Read More
Interview with Rebar&Wire Rod Suppliers Committee Chairman Kim Marti
IREPAS Rebar & Wire Rod Suppliers Committee Chairman Kim Marti was interviewed during our 68th meeting in Doha, Qatar. Read More