Short Range Outlook : March 2019

Positive mood prevails in global long steel products market despite virus of protectionism The global long steel products market is currently in a positive mood amid good demand worldwide. Had there not been protectionist actions like additional tariffs, quotas or safeguard measures, the global business scenario would be much better. Protectionism is like a virus, expanding and hurting the international trade environment as we knew it. Canada and... Read More

Brazil notified WTO it will retaliate against EU following steel quotas

Brazil has officially notified the World Trade Organization (WTO) it will suspend export benefits for the European Union (EU). The notice follows an EU decision to impose a steel tariff quota for exceeding exports of certain steel products from several countries, including Brazil. Brazil told the WTO it intends to suspend export benefits for the EU for 30 days, although the affected European products were not specified. According to the Brazilian... Read More

Short Range Outlook : February 2019

Price levels improve in global long steel products market despite uncertainties Prices in the global long steel products market are better compared to our last report, though there is a certain degree of uncertainty regarding how sustainable the current price levels are. The situation has gotten worse generally in terms of demand and supply, as there seems to be a general worsening of expectations and the numbers coming in do not bode well. Brazilian... Read More

European Parliament voted in favor of safeguard measures

The European Parliament voted today in favor of the proposed safeguard measures against steel imports. Accordingly, the European Commission is expected to finalize the procedure and measures are expected to enter into force in early February. The proposed measures envisage import quotas for a period between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased by five percent for the period between July 1, 2020 and June 30, 2021. The... Read More

Short Range Outlook : January 2019

Is globalization of the world’s long steel products market now at an end? The global long steel products market is heading towards a more complicated and difficult period as the globalization of the steel business is being rewound amid a clash between liberal and protectionist trade policies that are somehow tied to political ups and downs between world leaders. It seems that global business will be relatively quiet as long as protective measures... Read More

EU to impose new quota on imports

According to media sources, the European Commission has sent a notification to the World Trade Organization, stating that the EU will impose import quotas on certain steel products, including rebar and wire rod, for a period of 150 days starting from February 2, 2019.. However, there has been no official announcement yet. Accordingly the import quotas will be in force between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased... Read More

Short Range Outlook : December 2018

Global long steel market facing many unknowns amid protectionism and price corrections There is huge uncertainty in the global long steel products market as there are a lot of unknowns against the backdrop of protectionist measures and price corrections. US-China ceasefire may reduce volatility in international market The trade dispute between the US and China has been kicked down the road for another 90 days. The ceasefire in the trade war between... 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

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