Short Range Outlook : March 2025
Global longs market overwhelmed by spiral of trade measures, everybody afraid to do business amid current unpredictability The global long steel products market is currently overwhelmed by a spiral of duties and trade measures – protectionism such as has never been experienced before. The scenario for global the long steel trade is being re-written now by governments. Tariff barriers are being erected all over the world. No one seems to know... Read More
Short Range Outlook : February 2025
Global longs market under very strong pressure from Chinese exports, Trump 2.0 brings uncertainty and volatility The global long steel products market is currently under very strong pressure mainly because of Chinese exports, which have been increasing and not showing any signs of slowing down. We have already seen what Trump 2.0 means – uncertainty, volatility and a lack of visibility. It seems like the situation will get even worse until the... Read More
US issues preliminary CVD review results on rebar imports from Turkey
The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the countervailing duty order on rebar from Turkey. For the review period between January 1, 2022, and December 31, 2022, the DOC has determined subsidy rates at 0.14 percent (de minimis) for Icdas Çelik Enerji Tersane ve Ulasim Sanayi A.S, and 2.54 percent for Kaptan Demir Celik Endustrisi ve Ticaret A.S. and Colakoglu Metalurji A.S. In addition,... Read More
US DOC rescinds review of CVD order on rebar imports from Turkey
The US Department of Commerce (DOC) has announced it has rescinded the administrative review of the countervailing duty order on reinforcing bar imports from Turkey for the period from January 1, 2023, through December 31, 2023. The review was initiated on August 14, 2024, with respect to Habas. The DOC concluded there were no entries of the subject merchandise during the period of review. Read More
IREPAS in Paris : Optimism has been postponed
The 91st meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Paris on September 15-17 in conjunction with the SteelOrbis Fall’24 Conference. There were 140 representatives from 47 different producers among the 493 registered delegates from a total of 58 different countries. There were also 100 registrations representing 57 different raw material suppliers. At the opening of the conference, Murat Cebecioglu,... Read More
US issues preliminary anti dumping decision 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 reinforcing steel bar from Turkey. During the review period from July 1, 2022, to June 30, 2023, some Turkey producers were found to have made sales of the given products at less than normal value. The DOC has determined a weighted-average dumping margin of 1.05 percent for Colakoglu Metalurji A.S./Colakoğlu Dis... Read More
Short Range Outlook : July 2024
Lack of Chinese government action could cause great damage to global longs industry The supply and demand balance in the global long steel products market is becoming more unstable, with China now actively moving steel billets at the lowest prices. Finished products from China continue to dominate most markets, both in the long and flat segments. Even though there is a lot of material being offered in the market, it seems that the current raw material... Read More
Turkey extends temporary safeguard measure on wire rod imports for three years
Turkey, having announced a temporary safeguard protection measure on alloyed and non-alloyed wire rod imports at the beginning of this year, has decided to extend the measure for another three years. As a result of minor changes made in the decision, wire rod importers will be subject to a tax liability of $175/mt during June 15, 2024-January 6, 2025; $170/mt during January 7, 2025-January 6, 2026 and $165/mt between January 7, 2026 and January 6,... Read More
Short Range Outlook : June 2024
Gloom persists in global longs market, no sign yet of corner being turned Demand in the global long steel products market continues to lag behind supply and the bottom of the market may not have been seen yet. The steel volumes being produced and being consumed are not growing. On the contrary, they are down in most regions. A lot depends on China Everyone one is expecting some move from Beijing, to slow down exports from China. The iron ore price... 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 reinforcing bar imports from Turkey for the period between January 1, 2021, and December 31, 2021. The final subsidy rates are at 5.54 percent for Kaptan Demir Celik Endustrisi ve Ticaret A.S., Kaptan Metal Dis Ticaret ve Nakliyat A.S., and 0.03 percent (de minimis) for Colakoglu Metalurji A.S. and Colakoglu Dis... Read More