Short Range Outlook : February 2017

Europe, US and Asia lead the way for demand in global long steel products market Expectations for demand and order books in the supply chain of the global long steel products market made a reasonable start to business in 2017, although a sharp correction in scrap prices caused people to hesitate a bit in the EU and the US. However, market sentiment has not changed much and demand is still showing good prospects for 2017 in Europe, the US and Asia. Turkish... Read More

Short Range Outlook : January 2017

Fears recede in global long steel market amid upbeat sentiment for 2017 There has been no significant change in the global long steel products market compared to last month in terms of supply and demand balance. Demand remains relatively weak, but we have seen better discipline on the supply side, which has had a positive impact on pricing dynamics. Demand is expected to pick up in the coming weeks. Economic numbers are strong and most fears regarding... Read More

Short Range Outlook : December 2016

Clear switch to positive sentiment in global long steel products market Conditions in the global long steel products market have improved significantly and a clear change to positive sentiment has been observed in the industry, something not seen in recent years. Chinese demand and supply restructuring boost prices and margins Domestic demand in China, together with a restructuring of supply at all levels from raw materials to finished products, is... Read More

Short Range Outlook : November 2016

Global long steel products market enjoys its best environment since 2013 The global long steel products market is currently enjoying its best environment since 2013, while sentiment has improved significantly. Supply and demand in the market are now a lot more in equilibrium compared to previous months. Fewer offers from China and Russia seen in global market Demand had made a weak start to October, as sellers were continuing with their seasonal fourth... Read More

IREPAS in Vienna: Global longs market focuses on challenges amid signs of stabilization

The 75th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Vienna, Austria on September 25-27, 2016. There were 94 producer representatives among the 285 registered delegates from 33 different countries. There were also 44 registrations representing 30 different raw material suppliers. On the last day of the conference, producers of long steel products and steel billets, as well as traders and raw material suppliers,... Read More

Short Range Outlook : September 2016

Increased stability and reduced price spreads in global long steel market The global long steel products market has seen some stability over the last few weeks as the increase in Chinese origin offer prices halted the weakening of global long product prices. The spread between Chinese and Turkish origin reinforcing bar prices has narrowed significantly and is becoming even narrower. Likewise, the price spread between the most expensive FOB or ex-works... Read More

Chinese miners back down on AD probe against iron ore imports

The vice chairman of the Metallurgical Miners’ Association of China (MMAC) Mr Lei Pingxi has told local media that the Chinese miners has not officially requested an antidumping probe against the huge volume of low-priced iron ore imports from Brazil and Australia, but it was rather a suggestion. The vice president pointed out that this suggestion from the miners was published on the MMAC only website by mistake.  Read More

Short Range Outlook : August 2016

Global long steel products market still in critical situation despite greater price stability The global long steel products market is still in a critical situation as market activity has been pretty slow for a long time. Demand in the market has softened but supply remains the same. Buyers have been receiving offer alternatives but they are not in a hurry to buy. As such, sizable purchases have not been observed over the past two months. Under these... Read More

Chinese miners demand antidumping investigation over iron ore imports from Brazil and Australia

Chinese miners are demanding an antidumping investigation over the imports of iron ore from Brazil and Australia, the world’s leading suppliers for the commodity, a media report said this week. Citing a statement from the Metallurgical Miners’ Association of China, Reuters said more than 20 Chinese miners called for tougher measures for the imported commodity coming from Brazil and Australia. The association said “a huge volume” of low-priced... Read More

Short Range Outlook : July 2016

Volatility in pricing and availability still a challenge for global long steel products market The global long steel products market has been going through a volatile period since March this year. Volatility in pricing has led to swings in availability of both steel and steel scrap, and this continues to be a challenge for the business environment. With low inventories in general throughout the supply chain comes larger pricing swings. Mills currently... Read More

Next Page »

Archives