UK initiates safeguard extension review for 15 steel product categories
The UK’s Trade Remedies Authority (TRA) has announced that it has initiated an extension review of the safeguard measure on 15 categories of steel products that is due to expire on June 30, 2024. The products include HRC, CRC, metallic coated sheet, organic coated sheet, tin mill products, quarto plates, merchant bars and light sections, reinforcing bar, wire rod, angles, sections, railway material, gas pipes, hollow sections and large welded tubes. The... Read More
The program of the 89th meeting in Istanbul
Day 1: Sunday, September 17, 2023 19:00 – 22:00 Welcome cocktail at Swissôtel The Bosphorus Day 2: Monday, September 18, 2023 09:15 – 09:30 Welcome address by Chairman of IREPAS 09:30 – 11:30 SESSION ONE: Critical changes in the global long steel markets - Keynote speech: Figures and comments from WTO report Illicit... Read More
Short Range Outlook : August 2023
General slowdown in global longs market puts producers under pressure The global long steel products market is slowing down in general, which is putting pressure on producers. Demand for reinforcing bars and wire rods remains very weak and there is strong pressure on prices from the new exporters – Algeria, Egypt, the UAE and Saudi Arabia – who are in the market with very aggressive offers. Business still stagnant in US, high interest... Read More
US issues preliminary antidumping review results on rebar from Turkey
The US Department of Commerce (DOC) has announced the preliminary results of its administrative reviews of the antidumping duty orders on rebar from Turkey. During the review period from July 1, 2021, to June 30, 2022, certain Turkish producers were found to have made sales of the subject products at less than normal value. The DOC has determined a weighted-average dumping margin of 29.30 percent for Kaptan Demir Celik and other companies, while the... Read More
US issues final anti dumping duty review results on rebar from Mexico
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on rebar from Mexico for the period between November 1, 2020, and October 31, 2021. Accordingly, the US DOC has determined that Mexican producers’ sales of the subject goods were made below normal value during the period of review. The DOC has determined the following weighted-average dumping margins: 2.30 percent... Read More
Short Range Outlook : June 2023
Global longs market impacted by variety of negative factors, especially low consumption The supply and demand balance in the global long steel products market is not getting any better and the main export destinations are requiring lower offers almost every week. The overriding issue for the market is volume and the lack of volume which is in effect coming from the lack of consumption. Consumption has unfortunately not recovered yet from the pandemic.... Read More
US issues final CVD review results on rebar imports from Turkey
The US Department of Commerce (DOC) has announced the final results of its administrative review of the countervailing duty (CVD) order on certain rebar from Turkey for the period between January 1, 2020, and December 31, 2020. The final subsidy rates are at 0.07 percent for Colakoğlu Dis Ticaret A.S., de minimis, and 2.15 percent for Kaptan Demir Celik and ICDAS Celik Enerji Tersane ve Ulasim Sanayi A.S. In addition, the DOC rescinded the review... Read More
The program of the 88th meeting in Barcelona
Day 1: Sunday, May 7,2023 19:00 – 22:00 Welcome cocktail at InterContinental Barcelona Day 2: Monday, May 8, 2023 09:00 – 09:10 Welcome address by Chairman of IREPAS 09:10 – 10:50 SESSION ONE: Long Products and macro economy - Long products market outlook Overview of global construction sector Steel and long... Read More
Short Range Outlook : April 2023
International business shrinks in global long products market, outlook unsatisfactory Global business and its international scope have been facing some challenging times recently, with declining imports and exports and a lack of supply-demand balance in the global long products market. The reduced total production in 2022 is carrying over into 2023 and is able to satisfy actual consumption. This has resulted in an aversion to imported steel due to... Read More
Short Range Outlook : March 2023
Better demand in global longs market It seems that demand in the global long steel products market is somewhat better after the holiday season. There have been signs of a pickup in demand everywhere in the past month, apart from the EU. The supply in the market has been adjusted accordingly, which has had a positive influence on prices. Consequently, the whole market dynamic has changed. The price spread between Chinese origin reinforcing bars and... Read More