Egypt will maintain tariffs on steel rebar from China, Turkey, and Ukraine for a period of five years, the trade ministry said, extending the temporary tariff imposed earlier this year. The tariff was first implemented in June to protect local manufacturers and set at 17% for Chinese steel, 10-19% for Turkish steel, and 15-27% for…
In July Russian manufacturers increased local prices on rebars by 5-9%. One of the main factors, which will determine rebars price in August, will be the shortage. Most of the traders have low stocks of rebars now, especially of lesser size rebars. That is why manufacturers will be able to insist on price increase. September…
From January 1, 2018 Russia will get the new interstate GOST 34028-2016 “Rolled reinforced bars for ferroconcrete structures. Technical conditions”, which will replace the current standards. According to the Center of standardization and metal products certification of the Research institute on ferrous metallurgy named after Bardin, the new GOST sets obligatory characteristics, which the rebars…
On June 22 the Russian Union of metal product suppliers will host a round table of the rebars manufacturers and suppliers. Managers and chief specialists of local rebars manufacturers will report on the GOST 34028-2016 “Rebars for ferroconcrete structures”. The participants will also discuss the current situation on the rebars market, as well as prospects…
The temporary duties on Ukrainian rebars, imposed by Egypt, will damage metal industry for several hundred million dollars. “At present Egypt is on the fifth position among countries which buy metal from Ukraine, and that’s 5%. Exports to Egypt started falling, they will fall by 5%, or by several hundred million dollars per year”, the…
The Ministry of Trade and industry of Egypt has imposed temporary duties on the imports of rebars from Ukraine, China and Turkey for 4 months. According to the ministry, the duty for Ukraine is 15-27%. “The decision was taken after an investigation at the request of the local manufacturers who could not compete with the…
According to Kraft group marketing department director Katerina Makeyeva, the stagnation on the rebars market will most likely persist for a month. The attempts to decrease prices by some trading houses are situational. Manufacturing works will not listen to traders and go on decreasing prices. Price fluctuations on market decrease are in the range of…
The Rostov region governor Vasily Golubev and the Don-Metall CEO Natig Asadov have signed an agreement on cooperation in construction of the metal works in the city of Kamensk-Shakhtinsky with the capacity of 160 thousand tons of hot-rolled rebars per year. Investments will total 3.3 billion rubles. Last year the company constructed the transformer substation…