US reduces tariffs on Turkey to 25 percent
The White House has announced that the 50 percent duty on Turkish steel imports has been halved to 25 percent as of May 17. In a statement, the administration said that since the implementation of the higher tariff, steel imports from Turkey declined 48 percent in 2018, “with the result that the domestic industry’s capacity utilization has improved at this point to approximately the target level recommended” in the initial DOC report... Read More
Short Range Outlook : May 2019
Global long steel market mostly unstable despite supply-demand equilibrium A balance has been maintained between supply and demand in the global long steel products market, but it is still difficult to transact business globally. However, shorter-distance regional business is good. The global market can be described as mostly unstable, with only a few exceptions. Absence of Chinese still provides support for the rest of the world We have to take into... Read More
Australia removes preliminary antidumping duty on Turkish rebar imports
The Australian Government Antidumping Commission has announced that it has terminated the preliminary antidumping duty on imports of Turkish origin reinforcing bars. Australia imposed four percent preliminary antidumping duty on imports of Turkish rebar in January 2019 as a result of the investigation started in November 2018. The final recommendation of the commission is due by June 24 of the current year. The investigated rebar products are classified... Read More
Turkey increased import duty on rebar imports from non WTO member countries
According to Turkey’s Official Gazette published on April 17, Turkey has increased the 10 percent import duty on rebar to 30 percent for countries which are not members of the World Trade Organization (WTO). Iran stands out as one of the non-WTO countries whose rebar exports to Turkey have increased lately. Towards the end of last year, Iran started to be seen as a threat to the Turkish rebar market. Other non-WTO countries are Iraq, Syria, Azerbaijan,... Read More
IREPAS in Barcelona : Protectionism, raw materials and Turkey top the agenda
The 80th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Barcelona, Spain on April 7-9, 2019. There were 132 producer representatives among the 416 registered delegates from a total of 48 different countries. There were also 70 registrations representing 40 different raw material suppliers. At the opening of the conference Murat Cebecioglu, chairman of IREPAS, said that IREPAS firmly believes in, has supported... Read More
EU quota for “other countries” now open to all
As of April 1, 2019, the European Commission’s steel import quotas for “other countries” have become accessible to all countries, while the unused quotas of “other countries” for the February 2-March 31 period have also become accessible to all countries which have used up their own quotas for the period. Accordingly “other countries” import quotas, for the period between April 1 and June 30, stand at 133,004 mt for rebar, and at 74,518... Read More
Short Range Outlook : March 2019
Positive mood prevails in global long steel products market despite virus of protectionism The global long steel products market is currently in a positive mood amid good demand worldwide. Had there not been protectionist actions like additional tariffs, quotas or safeguard measures, the global business scenario would be much better. Protectionism is like a virus, expanding and hurting the international trade environment as we knew it. Canada and... Read More
Short Range Outlook : February 2019
Price levels improve in global long steel products market despite uncertainties Prices in the global long steel products market are better compared to our last report, though there is a certain degree of uncertainty regarding how sustainable the current price levels are. The situation has gotten worse generally in terms of demand and supply, as there seems to be a general worsening of expectations and the numbers coming in do not bode well. Brazilian... Read More
Australia imposes preliminary antidumping duty on rebar imports from Turkey
The Australian Government Antidumping Commission has announced the preliminary results of the antidumping duty investigation it started in November 2018 on reinforcing bar imports from Turkey. The investigation covered the period between October 1, 2017 and September 30, 2018. The Antidumping Commission’s preliminary assesment has shown that exports of rebar from Turkey to Australia were at dumped prices, and the volume of the dumped goods was greater... Read More
Short Range Outlook : January 2019
Is globalization of the world’s long steel products market now at an end? The global long steel products market is heading towards a more complicated and difficult period as the globalization of the steel business is being rewound amid a clash between liberal and protectionist trade policies that are somehow tied to political ups and downs between world leaders. It seems that global business will be relatively quiet as long as protective measures... Read More