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 are going through a tough period particularly for BOF-based producers,... 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 to challenge the import duty on billet.  Read More

Egypt imposes provisional safeguard duty on billet and rebar imports

The Egyptian government has notified the World Trade Organization (WTO) that it has imposed a provisional safeguard duty on steel billet and rebar imports for a period of 180 days starting from April 15. Egypt will collect up to 15 percent duty on billet imports and 25 percent duty on rebar imports. According to the notification made to the WTO, imports from developing countries shall not be subject to the proposed provisional safeguard measure as... Read More

Short Range Outlook : November 2018

Global long steel industry in better position now despite tariffs and other issues The global long steel products market has been off balance recently, and the general situation has gotten marginally worse. One of the leading indicators of the worsening in the market is that the current Turkish spread between import scrap and rebar prices is now the lowest value observed since August 2017. The number shows a downward movement of $55/mt from the peak... Read More

Short Range Outlook : October 2018

Global long steel market still in equilibrium though regional differences observed The  global long steel products market still seems to be in equilibrium in terms of supply and demand. However, the steel trade is becoming more and more regional and so different supply and demand situations may be observed in various regions. Accordingly, although the overall market is generally stable, there are fluctuations seen in certain regions. Sharp increase... Read More

IREPAS in Istanbul: All eyes on protectionist measures as IREPAS celebrates its 35th anniversary with record attendance

The 79th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 16-18, 2018. There were 139 producer representatives among the record 519 registered delegates from a total of 52 different countries. There were also 84 registrations representing 45 different raw material suppliers. At the opening of the conference which celebrated the 35th year of this bi-annual meeting, Murat Cebecioglu,... Read More

Argentina imposes 12 percent tariff on all exports, including steel

The Argentinian government has imposed a tariff on all exports, including steel products, according to a notice published this week at the country’s official gazette. The move aims to help Argentina meet its fiscal goals, following an increased devaluation of the Argentinian Peso (ARS) devaluation and a high public deficit. Argentina imposed a 12 percent tariff over “all products included in the Mercosur HTS codes.” Argentina said the tariff... Read More

Short Range Outlook : January 2018

Very positive prospects for global long steel market in 2018 The supply and demand balance in the global long steel products market has improved and may now be described as excellent. Demand remains strong almost everywhere and sentiment is also very good. It seems that 2018 will be a replica of 2017 as the prospects are very positive. China has been the main story in 2017 China has been the main story in 2017. It is not exactly out of the market:... Read More

China cancels export tax on finished steel products

Chinese authorities have announced that taxes on exports of steel products including deformed reinforcing bars and wire rods will be cancelled from January 1st onwards, taking into consideration the industrial developments and changing export market conditions. It is also announced that the tax on exports of steel billets will be reduced to 10 percent from the current level of 15 percent.  Read More

Short Range Outlook : December 2017

Demand now even better in global longs market as China continues to stay away Supply and demand in the global long steel products market are still balanced following the price increases caused by the rising cost of production amid the tight electrode supply and higher costs of other raw materials. The good news is that there is even better demand compared to previous months as exports from China are still far from putting too much pressure on the... Read More

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