NatSteel cannot forecast market without rebar AD duties
NatSteel board had said it was not able to quantify the negative effects of non-extension of the
rebar anti-dumping duties, upon the announcement by Singaporean Government on 20 December that; AD duties on
rebar imports from
Turkey and
Malaysia would not be extended after January 21st, 2003.
Later the board explained that; the Singaporean steel market is already very competitive, and will be even more competitive once the AD duties are revoked. NatSteel board said; various factors like the
rebar demand and sales prices in local and/or other export markets for Turkish and Malaysian producers, steel
production capacity changes in these countries, any export subsidy that may exist,
freight and/or logistics costs, will play a major role on the market developments. The board added that all of these factors change from time to time.
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