Short Range Outlook : September 2019

Global long steel market currently depressed amid more difficult circumstances The global long steel products market is depressed at the moment as circumstances are becoming more difficult. It has become a buyer’s market and is difficult to secure orders at reasonable prices. The problem lies more on the demand side rather than with supply, and, therefore, it might take longer... Read More

Russian Federation sets quota for scrap exports till end of 2019

Russian authorities have officially set the quota for the steel scrap exports to the countries excluding the members of the Eurasian Economic Union in order to protect the local steel industry. The official document, signed on August 31, implies the total allowed export volume of 1.009,2 million mt of scrap for the period from September 1 to December 31 of the current year. The... Read More

EU reduces increase in steel import quotas

The European Commission (EC) has announced that it has reduced the planned increase in the steel import quota rate from five percent to three percent in all product categories, as result of the review of the safeguard measures imposed on February 2. The EC indicated that steel imports in 2018 reached a record volume of 33.4 million mt, 5 million mt higher than the average for the... Read More

The program of the 81st meeting in Duesseldorf

Day 1: Sunday, September 22, 2019 19:00 – 22:00                        Welcome cocktail at Hilton Duesseldorf   Day 2: Monday, September 23, 2019 09:00 – 09:15                   Welcome address by Chairman of IREPAS   09:15 – 10:15                     SESSION ONE – Global Markets:... Read More

President Trump increases “Buy American” threshold to 95 percent

US President Donald Trump signed an executive order Monday, July the 15th that will require federal agencies to purchase products using more American components. The order strengthens the standards that federal agencies must follow under the Buy American Act, which creates a preference for American-made goods. Trump said his order will gradually boost the percentage of U.S. components... Read More

Short Range Outlook : July 2019

Uncertainty still prevails in global longs market , while BOF production faces severe pressure The outlook for the global long steel products market differs for the scrap industry, the steel producing industry and for steel consumers. The market can be described as generally unstable as there is still a lot of uncertainty and even a tweet may turn a lot of things upside down. We... Read More

Egyptian court suspends safeguard duty on billet and rebar imports

An Egyptian administrative court has suspended the country’s preliminary safeguard duty on billet and rebar imports, according to reports. The Egyptian government imposed a 15 percent safeguard duty on steel billet imports and 25 percent duty on reinforcing bar imports for a period of 180 days starting from April 15. Last month, Egyptian rerollers decided to take legal action... Read More

Registrations for the 81st IREPAS meeting in Düsseldorf, Germany

Registrations have started for the 81st IREPAS meeting in Düsseldorf, Germany which is to be held in conjunction with the SteelOrbis Fall’2019 Conference. You may follow the updated attendee list and find all relevant information at the website.  Read More

Short Range Outlook : June 2019

Uncertainty in global long steel products market increases dramatically The uncertainty in the global long steel products market has increased dramatically. Nowadays, the most stable region is China, where steelmakers have been increasing their weekly production volumes, whereas the rest of the world is just trying to hang on. Ferrous scrap and iron ore price trends decouple completely Ferrous... Read More

US not to impose punitive tariffs against imported products from Mexico

The Trump administration announced they would not be moving forward with punitive tariffs against imported products from Mexico. Presdient Trump had previously announced the US would be imposing a five percent tariff on all goods imported from Mexico, including steel, adding that the tariff would be increased up to 25 percent by October if Mexico did not take action to “dramatically... Read More

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