Preliminary antidumping decision for billet imports from China to Pakistan
Pakistan’s National Tariff Commission has announced its preliminary results concerning its antidumping (AD) duty investigation on imports of continuous casting billets from China. Accordingly, on preliminary basis, the commission has established that the domestic industry suffered material injury due to the significant increase in the volume of dumped imports, the magnitude of the dumping margin, significant price undercutting by the dumped imports,... 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
India announced minimum import prices
India’s Ministry of Commerce and Industry has announced a minimum import price for steel imports, valid for six months from the date of notification, February 5, or until further announcements. Imports covered by letters of credit already entered into before the date of notification will be exempt from the minimum import price implementation. The minimum steel import prices for steel billets, reinforcing bars and wire rods are as follows: Billets ... 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
China to cut export tax on steel billets
China will cut export tariffs on high-purity pig iron to 10 percent and some steel billets to 20 percent on Jan. 1 , down from a temporary rate of 25 percent this year, the Ministry of Finance said in a statement on its website. Read More
Short Range Outlook : June 2015
Slight improvement in trading atmosphere It seems that the general trading atmosphere has become slightly better in the global long steel market. The imbalances which we have gotten used to have diminished somewhat and therefore traditional trade routes seem to be chosen again. The strengthening of the Russian currency and the reduced influx of Chinese steel to far away markets are having an impact. Demand picks up in Europe, interest in imports declines The... Read More