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
Overcapacity and protectionism to remain key issues in 2013
Overcapacity and protectionism to remain key issues in 2013 The 68th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Doha on March 3-5, 2013. There were 76 producer representatives amongst the 210 registered delegates from 60 different countries. Yusuf Guven, chairman of the IREPAS Raw Material Suppliers Committee, said that the iron ore inventory strategies implemented in China resulted in increased iron ore... Read More
Short Range Outlook: February 2013
Competition heats up and margins suffer in global long steel market Trade restrictions have shut down a few significant markets for reinforcing bar exports recently, and so some exporting countries have been obliged to divert significant quantities of exports to other destinations, creating severe supply pressure on prices, and more importantly making profit margins practically non-existent. Demand for long steel products has not been picking up in... Read More
Qatar issues guidelines for rebar imports
Qatar’s Ministry of Environment has announced guidelines regarding reinforcing bar imports to improve the quality of building and construction materials in the country. Accordingly, Qatar has banned imports of reinforcing bars below grade 500, and made mandatory a labaratory test report to import the construction steels. The Ministry announced to accept only those issued by the ISO 17025-certified laboratories with three month validity as... Read More
UAE denies cancellation of duty exemption
The UAE Ministry of Economy has officially denied speculations that, the exemption allowing the cut end bend facilities in the country to import steel without paying the 5% import duty has been cancelled. The Ministry stated that the cut and bend facilities in the UAE will be under strict control amid reports of serious illegal practices, as there are claims of imported rebars being sold in to the domestic market without any cutting and bending... Read More