Malaysia sets preliminary safeguard duty on imports of wire rod and debar in coils
The Malaysian government has announced the preliminary determinations in its safeguard investigation regarding imports of wire rod and deformed bar in coils. Accordingly, the preliminary safeguard duty rate is 13.90 percent for imports of wire rod and deformed bar in coils. The investigation launched in May this year upon the complaint lodged by Malaysia Steel Association (MSA) covers the period between October 1, 2012 and September 30, 2015. The... Read More
Malaysia imposes preliminary safeguard duty on rebar imports
The Malaysian government has announced the preliminary decision in its safeguard investigation regarding rebar imports into Malaysia. The government stated that there was an increase in imports of the products during the investigation period, which is from October 1, 2012 to September 30, 2015, and the increase in imports has caused serious injury to the domestic industry in respect of the decline in market share, domestic sales in terms of value,... Read More
Short Range Outlook : July 2016
Volatility in pricing and availability still a challenge for global long steel products market The global long steel products market has been going through a volatile period since March this year. Volatility in pricing has led to swings in availability of both steel and steel scrap, and this continues to be a challenge for the business environment. With low inventories in general throughout the supply chain comes larger pricing swings. Mills currently... Read More
Short Range Outlook : May 2016
Supply-demand equilibrium now healthier in global longs market Supply and demand have reached a healthier equilibrium in the global long steel products market mainly due to Chinese supply being more focused on its domestic market. Low local stocks in the global markets and stronger demand in the construction segment have also helped and consequently prices have jumped to what may be considered to be reasonable levels. Low stocks still observed in... Read More
Short Range Outlook : February 2016
Slightly better conditions in global long steel market but significant risk still exists Conditions in the global long steel products market are slightly better as we can see a “better” supply and demand balance in China and the US due to output cuts at the end of 2015 and amid the restocking cycle in North America and Europe during the first quarter of 2016. On the other hand, there has not been much improvement on the demand side. Buyers... Read More
Iran hikes import duties on steel
Reuters reported that the Iranian government has raised customs duties on certain steel imports to 10-20 percent to protect domestic steelmakers against the surge in Chinese exports. Reuters quoted Keyvan Ja’fari Tehrani, head of international affairs at the Iranian Iron Ore Producers and Exporters Association (IRIOPEX), as saying, “A steel import tax has been imposed… to protect local steel mills against dumping by China, Russia... Read More
Short Range Outlook : September 2014
Challenging times in global longs market despite some demand improvements There has been a reasonable resumption of demand for long steel products in the North American and northern EU markets following the holiday period. Overall, the supply-demand imbalance seems to have eased, particularly for semi-finished materials, as a result of some cuts in production. Geopolitical conflict has caused business disruptions in the Black Sea region, Iraq and... Read More