Short Range Outlook : July 2018

Global long steel products market impacted more and more by protectionism, though demand performs well The global long steel products market is feeling the effects of protectionism more and more every day. Canada has started another investigation on imports, the third within a period of only 12 months. The EU is expected to announce quotas based on the average import volumes of the preceding three years, as a result of its safeguard investigation.... Read More

Short Range Outlook : June 2018

Global long steel market to see some stability in short term after Section 232 decision The global long steel products market is expected to see some stability in the short term after the US imposed tariffs on steel imports from June 1 on the European Union, Canada and México, which were all exempted from the tariffs during May. The Section 232 measures are now the same for the EU, Turkey, Canada and México, but the uncertainty in the market has... Read More

Short Range Outlook : April 2018

Confusion and uncertainty reign in global long products market There is obvious confusion and uncertainty in the global long steel products market triggered by the announcement of new tariffs on steel imports by President Trump as a result of the Section 232 investigation in the US, the subsequent exemptions from these tariffs, and the resulting safeguard investigation announced in the EU. Major exporters to the US – Canada, Mexico, Brazil,... Read More

Short Range Outlook : February 2018

Global supply-demand balance for long products still looks good but caution needed on supply side While the supply and demand balance in the global long steel products market still looks good, the supply side is gearing up. Supply pressure is not expected to create big problems in the short run but may be an issue in the medium term if demand is not able to cope with it. Even Chinese companies have learned that dollars are more important than tonnages.... 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

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

Short Range Outlook – November 2017

Supply and demand still balanced in global longs market amid lack of Chinese pressure Supply and demand in the global long steel products market remain balanced as exports from China are still not exerting too much pressure on the international market. Strong demand seen all around the world  The World Steel Association (worldsteel) has updated its forecast for global steel demand for 2017, forecasting around seven percent growth compared to 2016.... Read More

Short Range Outlook – September 2017

Further improvements in global long steel market amid lack of pressure from China Demand in the global long steel products market is good and has even been increasing slightly in almost all markets as there is no pressure from China on the international market. Strong domestic steel consumption in China reduces prospects for Chinese exports Some months ago, the consensus of steel sector analysts was that steel demand in China would decrease during... Read More

The programme of the 77th IREPAS meeting in Athens

September 24th, Sunday 19:00 – 22:00      Welcome cocktail at Wyndham Grand Athens   September 25th, Monday 09:00 – 09:15      Welcome address by Chairman of IREPAS 09:15 – 10:30        SESSION ONE – Global economic outlook - Global Economic and Market Developments Vassilis Patikis, Piraeus Bank / Head, Economic Research & Investment Strategy Structural Themes for the Post Crisis Global Economy US,... Read More

Short Range Outlook : August 2017

Good demand in global long steel products market backed by reasonable growth Demand in the global long steel products market is good and steady as reasonable growth is seen to be globally providing support for steel consumption. Chinese steel exports at 2014 levels playing huge role in global supply-demand balance Chinese steel exports are down to 2014 levels after having been considerably higher for the past three years. Obviously the reduced supply... Read More

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