Short Range Outlook : November 2024
Gloomy demand picture prevails in global longs market, but possible bright spots on horizon The supply and demand balance in the global long steel products market is being impacted strongly by low demand and it is reasonable to expect that, if the US introduces new market protection measures, other countries will follow. There is simply not enough demand in the world for all the steel produced. Despite the overall gloomy scenario of mostly insufficient... Read More
US issues final results of antidumping review on wire rod from South Korea
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping duty order on carbon and alloy steel wire rod imports from South Korea for the period between May 1, 2022, and April 20, 2023. During the given period, some South Korean producers were found to have made sales of the given products at less than normal value. The DOC has calculated a weighted-average dumping margin of 0.85 percent for... 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
US issues preliminary antidumping review results on wire rod from S. Korea’s POSCO
The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on carbon and certain alloy steel wire rod from South Korea-based POSCO. During the review period from May 1, 2022, to April 30, 2023, South Korean producer POSCO was found to have made sales of the subject products at less than normal value. The DOC has determined a weighted-average dumping margin of 1.03 percent for... 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 DOC removes Section 232 exemptions for six steel products
The Bureau of Industry and Security of the US Department of Commerce (DOC) has published a final rule that revises the Section 232 exclusion process for steel and aluminum imports discussed in the five previous interim final rules. Accordingly, the DOC has lifted Section 232 import duty exemptions for 12 products including six steel and six aluminum products by removing the products from the list of General Approved Exclusions. The six steel products... Read More
US to raise tariffs on Chinese steel products to 25 percent
In a statement from the White House, US President Joe Biden has announced that existing 0-7.5 percent import duties on Chinese steel products under the Section 301 tariffs will be increased to 25 percent this year. The decision, which was made following a review by the US Trade Representative, is designed to encourage China, the largest contributor to the global steel overcapacity issue, to eliminate its unfair trade practices, the statement indicated. According... Read More
US issues final antidumping margins for rebar imports from Mexico
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on reinforcing bar imports from Mexico for the period between November 1, 2021, and October 31, 2022. Accordingly, the US DOC has determined that Mexican producers’ sales of the subject goods to the US were made below normal value during the period of review. The DOC has determined the following weighted-average dumping... 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