Short Range Outlook – September 2017
Further improvements in global long steel market amid lack of pressure from China Demand in the global long steel products market is good and has even been increasing slightly in almost all markets as there is no pressure from China on the international market. Strong domestic steel consumption in China reduces prospects for Chinese exports Some months ago, the consensus of steel sector analysts was that steel demand in China would decrease during... Read More
US DOC issues affirmative preliminary CVD rates for wire rod from Italy and Turkey
The US Department of Commerce (US DOC) announced the affirmative preliminary determinations in the countervailing duty (CVD) investigations of carbon and alloy steel wire rod, finding that exporters of subject merchandise from Italy and Turkey received countervailable subsidies. The petitioners are Gerdau Ameristeel US, Inc., Nucor, Keystone Consolidated Industries, and Charter Steel. In the Italy CVD investigation, the US DOC calculated the following... Read More
New Zealand starts antidumping duty probe for rebar imports from China and Malaysia
New Zealand’s Ministry of Business, Innovation and Employment has announced that it has initiated an antidumping (AD) investigation regarding reinforcing steel bar and coil imports from China and Malaysia and a countervailing duty (CVD) investigation for the same products imported from China. The investigations was launched upon the complaint from Pacific Steel, the sole producer of rebar in New Zealand, claiming that the mentioned goods imported... Read More
US DOC revised final margins for rebar imports from Turkey
The US Department of Commerce (DOC) has announced that it has revised the final dumping and subsidy margins and cash deposit rates imposed on reinforcing bar imports from Turkey based on affirmative final determinations by the DOC and the US International Trade Administration (ITC). The DOC stated that it is amending its affirmative final determination for Turkey to correct ministerial errors. Accordingly, the new final dumping margins range between... Read More
US ITC confirms US DOC margins on rebar imports from Turkey and Japan
The United States International Trade Commission (US ITC) determined that the US industry is materially injured by reason of imports of steel concrete reinforcing bar from Japan and Turkey that the US Department of Commerce (DOC) has determined are sold in the United States at less than fair value and subsidized by the government of Turkey. Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson, Meredith... Read More
Short Range Outlook : June 2017
Exporting countries under pressure amid protectionism and increased capacities in traditional import markets The supply-demand balance in the global long steel products market has been worsening over the last few weeks. Protective actions such as antidumping and countervailing duty (CVD) cases and import taxes, coupled with increasing capacities in some traditional import markets, have put export-dependent countries in a difficult situation. Protective... Read More
US DOC issues final AD/CVD margins for rebar from Turkey and Japan
The US Department of Commerce (US DOC) has announced its final determinations in the antidumping (AD) duty investigation of rebar imports from Japan and Turkey and also its final determination in the countervailing duty (CVD) investigation of imports of rebar from Turkey. Accordingly, the US DOC has calculated final dumping margins ranging from 5.39 percent and 209.46 percent for the two countries in question. Meanwhile, the final subsidy margin for... Read More
US ITC votes to continue investigation into wire rod imports from 10 countries
The US International Trade Commission (USITC) today determined that there is a reasonable indication that a US industry is materially injured or threatened with material injury by reason of imports of carbon and certain alloy steel wire rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom that are allegedly sold in the United States at less than fair value and subsidized by... Read More
Short Range Outlook : May 2017
Better supply-demand balance in global longs market but China, trade measures and strong price competition keep the pressure on The supply-demand balance in the global long steel products market has been stable and more in equilibrium recently, compared to previous times, especially in China. Such a balance has been helping buyers to maintain their positive sentiment although, on the other hand, price volatility in raw materials and final products... Read More
US DOC initiates AD/CVD investigation into wire rod imports
The US Department of Commerce (DOC) announced on April 18th, the initiation of antidumping duty investigations of imports of carbon and alloy steel wire rod from Belarus, Italy, Korea, Russia, South Africa, Spain, Turkey, Ukraine, the United Arab Emirates, and the United Kingdom, and companion countervailing duty CVD investigations of imports of carbon and alloy steel wire rod from Italy and Turkey. Alleged dumping margins are as follows: Belarus :... Read More