US to continue antidumping orders on rebar from seven countries
The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty (AD) orders on rebar from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine. The DOC found that revocation of the antidumping duty orders on the given product from the given seven countries would be likely to lead to continuation or recurrence of dumping. The DOC has determined weighted-average dumping margin of up to 114.53... Read More
Short Range Outlook : March 2024
No improvement in supply-demand balance in global longs market, Asian exports may surge The supply and demand balance in the global long steel products market has not improved compared to previous months. Unfortunately, the positive expectations after the Chinese New Year holidays have not materialized. It seems Chinese exporters will continue to be aggressive, which of course will also drive other Asian exporters (Japan, Vietnam, Taiwan and South... Read More
Short Range Outlook : February 2024
Some decisive positive developments still awaited in global longs market It seems like everybody in the global long steel products is waiting for some really positive developments to materialize. However, unfortunately, there is no substantive positive news coming out of China. Nevertheless, the country is driving iron ore prices and coal prices, while many long product mills are working to keep margins between scrap and finished products on the... Read More
US extends steel TRQs for EU for another two years
The US has determined that specified volumes of steel product imports from the European Union will no longer threaten to impair national security, according to a statement by US President Joe Biden. Therefore, the tariff-rate quotas (TRQs) for steel and aluminum imports allocated to the EU have been extended for another two years until December 31, 2025. The tariff-rate quota volume specified in the 2021 agreement between the United States and the... Read More
US issues final results of antidumping review on rebar imports from Turkey
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on rebar from Turkey for the period between July 1, 2021, and June 30, 2022. Accordingly, the US DOC has determined that Kaptan Demir Celik Endustrisi ve Ticaret A.S., Kaptan Metal Dis Ticaret ve Nakliyat A.S. and certain other producers’ sales of the subject goods were made below normal value during the period of review.... Read More
US issues preliminary CVD review results on rebar from Turkey
The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the countervailing duty (CVD) order on rebar from Turkey. Accordingly, the DOC has preliminarily determined that Turkish suppliers Kaptan Demir Celik and Colakoglu Metalurji received countervailable subsidy rates at 5.54 percent and 0.03 percent (de minimis) respectively for the period from January 1, 2021, through December 31, 2021. The DOC stated... Read More
Short Range Outlook : November 2023
No supply-demand improvement in global longs market, regionalization prevails The supply and demand situation in the global long steel products market is not getting any better, which continues to put pressure on producers. The increasing political influence on trade flows and particular markets in the form of antidumping and/or countervailing duties including also supply chain restrictions are leading to a more and more regionalized trade with a... Read More
US DOC rescinds review of countervailing duty order on rebar from Turkey’s Habas
The US Department of Commerce (DOC) has announced that it has rescinded the administrative review of the countervailing duty (CVD) order on steel concrete reinforcing bar from Turkish mill Habas for the period January 1, 2022, through December 31, 2022. The DOC stated that no shipment of the subject product was imported from the mentioned Turkish mill during the period. Read More
IREPAS in Istanbul: Uncertainty prevails in slow market with weak demand
The 89th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Istanbul on September 17-19, marking the 40th anniversary of the foundation of the association, in conjunction with the SteelOrbis Fall ’23 Conference. There were 217 representatives from 61 different producers among the 783 registered delegates from a total of 59 different countries. There were also 105 registrations representing 55 different raw... Read More
US to continue CVD orders on wire rod from Italy
The US Department of Commerce (DOC) has announced the final results of the sunset review of the countervailing duty (CVD) order on carbon and alloy steel wire rod from Italy. The DOC found that revocation of the countervailing duty (CVD) order on the given product from the country would be likely to lead to a continuation or recurrence of subsidies. The final subsidy rates are at 44.18 percent for Ferriera Valsider, and 4.16 percent for Ferriere Nord... Read More