FERROUS
67recyclinginternational.com | March/April | 2023
Higher deep-sea export prices to
Turkey, low inventory and rising fin-
ished steel prices are factors that oth-
ers see as the background for a fourth
month of increases in US ferrous scrap.
Adams believes the US consumer is
resilient and resistant to a market slow-
down amid strong demand for vehi-
cles, houses and appliances.
‘Anticipated additional demand
caused by the recent US infrastruc-
ture bill should help to fuel US con-
struction this year,’ he concludes. ‘All
of that may be enough to keep the
party going for a little while longer.
Time will tell.’
BETTER FOR STEEL
BIR’s quarterly review of the stainless
steel sector indicated a better start
to the year than had been expected,
although chairman Joost van Kleef
A U T H O R Robin Latchem
believes demand could soften by the
second quarter, putting price pres-
sure on underlying raw materials.
‘A mild winter, sufficient stocks of
gas, an increased production of
French nuclear power and, last but
not least, strong discipline in all areas
with regard to energy consumption
halted the upward trend in energy
prices which, of course, is good news
for an energy-intensive industry like
stainless steel production,’ he wrote.
‘Furthermore, the order books of all
leading industries remain above fore-
cast and, despite the counter-pres-
sure of high inflation rates, the
effects of lower purchasing power are
not as strong as feared.’
ANTI-DUMPING
Australia is maintaining special duties
against four of five countries accused
of dumping reinforcing bar consign-
ments on the national market. The
Australian Anti-Dumping Commission
began an inquiry in March 2022 as
to whether anti-dumping measures
taken against rebar imports from
Greece, Spain, Indonesia, Taiwan
and Thailand were justified. It has
ruled that only Thailand will be
exempt from further duties.
Sanctions against Thailand expired
on 7 March.
Meanwhile, the UK Government has
accepted a recommendation from its
Trade Remedies Authority to main-
tain anti-dumping duties on imports
of HFP Rebar from China. Duties
were originally imposed in 2016 when
the UK was in the EU. In 2021, the
European Commission allowed the
EU measure to expire and it is these
duties that the UK, no longer an EU
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