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
Final margins issued on wire imports from Mexico to the US
The US Department of Commerce (US DOC) has released its final results in the administrative review of the antidumping order on carbon and certain alloy steel wire rod from Mexico. The review covered two Mexican producers/exporters, ArcelorMittal Las Truchas and Deacero, during the period from October 1, 2014 through September 30, 2015. The US DOC assigned a final dumping margin of 40.52 percent to Deacero, based on adverse facts available (AFA) because... 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 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
US wire rod producers file AD/CVD petition against 10 countries
Below mentioned four major US steel producers, Gerdau Ameristeel US Inc., Nucor Corporation Keystone Consolidated Industries, Inc., Charter Steel today filed petitions charging that unfairly-traded imports of carbon and alloy steel wire rod from Belarus, Italy, South Korea, Russia, South Africa, Spain, Turkey, Ukraine, United Arab Emirates, United Kingdom are causing material injury to the domestic industry. The petitions allege that producers... Read More
IREPAS in Budapest: Market players optimistic about outlook for steel
The 76th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Budapest, Hungary on March 26-28, 2017. There were 107 producer representatives among the 352 registered delegates from 40 different countries. There were also 58 registrations representing 35 different raw material suppliers. At the opening of the conference, Murat Cebecioglu, chairman of IREPAS said that the steel industry has once again succeeded in... Read More
Short Range Outlook : March 2017
Still improving supply-demand balance creates brighter picture in global longs market The supply-demand balance continues to improve in regions like the US, Europe and Asia, contributing to a brighter picture in the global long steel products market. US market boosted by restocking and infrastructure spending expectations Demand has improved in the US as buyers have been restocking. In addition, President Trump’s promise to spend one trillion... Read More
US DOC issues preliminary decision of CVD review on Turkish rebar
According to a statement issued by the Turkish Steel Exporters’ Association (CIB), the US Department of Commerce (DOC) as announced the preliminary results of its administrative review of the countervailing duty (CVD) order on rebar imports from Turkey, imposed on September 15, 2014. Accordingly, in its preliminary decision the US DOC has calculated the countervailing duty rate for rebar imports from Turkey as 0.0 percent for Turkish steel producers... Read More
US DOC postpones preliminary determination in Turkish rebar investigation
The US Department of Commerce (DOC) has announced that it has postponed its preliminary decision regarding the countervailing duty (CVD) investigation on rebar imports from Turkey, which was due no later than December 15, since it will need more time to make the preliminary determination. The new deadline for the preliminary determination is February 21, 2017. Meanwhile, the deadline for the final determination will continue to be 75 days after the... Read More
US ITC voted to continue investigation on rebar imports from Japan, Taiwan and Turkey
The United States International Trade Commission (US ITC) determined on November 3rd that there is a reasonable indication that the US industry is materially injured by reason of imports of steel concrete reinforcing bars from Japan, Taiwan, and Turkey that are allegedly sold in the United States at less than fair value and subsidized by the government of Turkey. All six Commissioners voted in the affirmative. As a result of the ITC’s affirmative... Read More