Turkey extends temporary safeguard measure on wire rod imports for three years
Turkey, having announced a temporary safeguard protection measure on alloyed and non-alloyed wire rod imports at the beginning of this year, has decided to extend the measure for another three years. As a result of minor changes made in the decision, wire rod importers will be subject to a tax liability of $175/mt during June 15, 2024-January 6, 2025; $170/mt during January 7, 2025-January 6, 2026 and $165/mt between January 7, 2026 and January 6,... Read More
Short Range Outlook : June 2024
Gloom persists in global longs market, no sign yet of corner being turned Demand in the global long steel products market continues to lag behind supply and the bottom of the market may not have been seen yet. The steel volumes being produced and being consumed are not growing. On the contrary, they are down in most regions. A lot depends on China Everyone one is expecting some move from Beijing, to slow down exports from China. The iron ore price... Read More
EU extends steel safeguard measures for another two years, technical adjustments made for wire rods
The European Commission has announced that it has decided to extend the safeguard measures on imports of 26 steel products for another two years until June 30, 2026, finding that the safeguard measure continues to be necessary to prevent serious injury. Without the extension, the current quota measures would expire on June 30, 2024. There are also some technical adjustments to the functioning of the measure in two product categories – hot rolled... Read More
The program of the 90th meeting in Berlin
Day 1: Sunday, April 28, 2024 19:00 – 22:00 Welcome cocktail at InterContinental Berlin Day 2: Monday, April 29, 2024 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 09:45 SESSION ONE – Critical changes in the global long steel markets - Long products market outlook Overview of global construction... Read More
Short Range Outlook : February 2024
Some decisive positive developments still awaited in global longs market It seems like everybody in the global long steel products is waiting for some really positive developments to materialize. However, unfortunately, there is no substantive positive news coming out of China. Nevertheless, the country is driving iron ore prices and coal prices, while many long product mills are working to keep margins between scrap and finished products on the... Read More
Short Range Outlook : November 2023
No supply-demand improvement in global longs market, regionalization prevails The supply and demand situation in the global long steel products market is not getting any better, which continues to put pressure on producers. The increasing political influence on trade flows and particular markets in the form of antidumping and/or countervailing duties including also supply chain restrictions are leading to a more and more regionalized trade with a... Read More
IREPAS in Istanbul: Uncertainty prevails in slow market with weak demand
The 89th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Istanbul on September 17-19, marking the 40th anniversary of the foundation of the association, in conjunction with the SteelOrbis Fall ’23 Conference. There were 217 representatives from 61 different producers among the 783 registered delegates from a total of 59 different countries. There were also 105 registrations representing 55 different raw... Read More
UK initiates safeguard extension review for 15 steel product categories
The UK’s Trade Remedies Authority (TRA) has announced that it has initiated an extension review of the safeguard measure on 15 categories of steel products that is due to expire on June 30, 2024. The products include HRC, CRC, metallic coated sheet, organic coated sheet, tin mill products, quarto plates, merchant bars and light sections, reinforcing bar, wire rod, angles, sections, railway material, gas pipes, hollow sections and large welded tubes. The... Read More
The program of the 89th meeting in Istanbul
Day 1: Sunday, September 17, 2023 19:00 – 22:00 Welcome cocktail at Swissôtel The Bosphorus Day 2: Monday, September 18, 2023 09:15 – 09:30 Welcome address by Chairman of IREPAS 09:30 – 11:30 SESSION ONE: Critical changes in the global long steel markets - Keynote speech: Figures and comments from WTO report Illicit... Read More
Short Range Outlook : August 2023
General slowdown in global longs market puts producers under pressure The global long steel products market is slowing down in general, which is putting pressure on producers. Demand for reinforcing bars and wire rods remains very weak and there is strong pressure on prices from the new exporters – Algeria, Egypt, the UAE and Saudi Arabia – who are in the market with very aggressive offers. Business still stagnant in US, high interest... Read More