Short Range Outlook : September 2022

Dramatic situation in global long products market, huge uncertainty lies ahead The situation in the global long steel products market is deteriorating as we have entered a rising-cost business cycle. Inventories are lasting a lot longer than expected due to the lack of demand in the market. The situation is dramatic, to say the least, and huge uncertainty lies ahead in the coming month. Europe and rest of the world seem to be two different planets Europe... Read More

Short Range Outlook : July 2022

Demand mostly very weak in global longs market, unlikely to improve in July and August It has become very complicated nowadays to use the word global when talking about the global long steel products market. It seems like there are different globes. Demand has disappeared almost everywhere and commodity prices are down, which definitely forces mills to slow down. The main issue for steel producers is volume and profitability. Adding salt to the wound,... Read More

IREPAS in Istanbul: War in Ukraine has fundamentally changed sentiment and product flows

The 86th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Istanbul, Turkey, on May 29-31, 2022, in conjunction with the SteelOrbis Spring ’22 Conference. There were 191 producer representatives from 60 different companies among the record high 766 registered delegates from a total of 59 different countries. There were also 105 registrations representing 51 different raw material suppliers. At the opening... Read More

Short Range Outlook : May 2022

Global longs market faces challenges and uncertainties amid ongoing war in Ukraine Some oversupply is observed here and there in the global long steel products market. The market situation is getting worse. In particular, there is a vacuum in Western markets due to the war in Ukraine. Price hikes were very rapid and very steep, which could be a reason. Energy prices have negatively impacted manufacturing, especially in Europe. Inflation is another... Read More

The program of the 86th meeting in Istanbul

Day 1: Sunday, May 29,2022 19:00 – 22:00                   Welcome cocktail at Four Seasons Hotel Bosphorus Istanbul   Day 2: Monday, May 30, 2022 09:00 – 09:15                   Welcome address by Chairman of IREPAS   09:15 – 10:00                    SESSION ONE: Critical changes in global long steel markets - Long products market outlook Overview of global construction... Read More

Short Range Outlook : April 2022

War in Ukraine a major gamechanger for global longs market The war in Ukraine has changed sentiment in the global long steel products market as well as fundamentally altering the flow of raw materials and finished products almost overnight. There is more demand than secure supply in the market. Before the war, the expectations were that demand would determine the direction of prices, contrary to 2021 when supply was the driving factor. Today, however,... Read More

Short Range Outlook : March 2022

Global longs market at unprecedented juncture after Russia’s invasion of Ukraine The global long steel products market has entered a new and completely unprecedented situation as a result of the war in Ukraine. The current situation means one of the largest suppliers of many raw and semi-processed materials will be completely excluded from the market for an unforeseeable period of time, with the consequences being almost impossible to predict at... Read More

85th IREPAS meeting : Markets have never been better, great time to be in steel business

The  85th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held as a virtual event to ensure the health and well-being of all participants, on October 18, 2021 in conjunction with the SteelOrbis Fall’21 Conference. There were 223 producer representatives among the 918 registered delegates from a total of 70 different countries. There were also 69 registrations representing 31 different raw material suppliers. At... Read More

Short Range Outlook : September 2021

Supply and demand balancing out in global longs market, freight still incredibly high In the global long steel products market, there are signs that supply has caught up with demand and that the supply-demand balance is becoming more neutral. The market seems to be getting back to normal in terms of lead times, prices, etc. We are now in a period where things have to get back to normal, which in fact may be different from where it all started. A price... Read More

Short Range Outlook : July 2021

Global longs market still positive overall despite logistical costs and delays Overall, the global long steel products market still looks positive, supported by strong demand, even though business has become more difficult due to higher logistical costs and time delays in getting goods from one place to another. Exporters are all under pressure due to the increase in freight costs. Container shipments are also very problematic. The only steel moving... Read More

Next Page »

Archives