NatSteel cannot forecast market without rebar AD duties

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. In order to see the related article please click here.