Short Range Outlook : July 2025
Uncertainty spikes further in global longs market due to 50 percent tariffs in US The business environment in the global long steel products market, particularly in terms of the demand and supply balance, has not improved meaningfully. Other than that, the situation has worsened as the Trump Administration’s increase of US import duties up to 50 percent caught many exporters off guard. The uncertainty created by the Trump administration by doubling... Read More
US DOC initiates antidumping/countervailing duty investigations on rebar from four countries
The US Department of Commerce (DOC) has announced that it has initiated two investigations on rebar from Algeria, Bulgaria, Egypt, and Vietnam. The antidumping investigation on reinforcing bars from Algeria, Bulgaria and Egypt covers the period between April 1, 2024 and March 31, 2025, while the period for Vietnam is between October 1, 2024 and March 31, 2025. Meanwhile, the countervailing duty investigation on the given products from the four countries... Read More
Short Range Outlook : June 2025
Competition becomes predatory in oversupplied global long steel market The global long steel products market is oversupplied and overcrowded. The situation has worsened and is now structural. The competition in the global market is predatory. Margins are dead. The only strategy is cashflow and turnover. Whoever can ship first, wins. Whoever negotiates for $5/mt more, loses the order. Every confirmed business is a major success. Moreover, without... Read More
US steel import tariffs increase to 50 percent
Yesterday, June 3, US President Donald Trump signed an order to increase tariffs from 25 percent to 50 percent on steel and aluminum imports into the US, according to a statement published by White House. The higher tariff will be effective as of June 4, 2025. Trump stated that the measures are intended to secure the future of the US steel industry, ending unfair trade practices and the global dumping of steel and aluminum. In addition, tariffs on... Read More
IREPAS in Athens : Markets in unknown territory
The 92nd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Athens on April 27-29 in conjunction with the SteelOrbis Spring’25 Conference. There were 143 representatives from 49 different producers among the 502 registered delegates from a total of 58 different countries. There were also 97 registrations representing 50 different raw material suppliers. At the opening of the conference, Murat Cebecioglu,... Read More
The program of the 92nd meeting in Athens
Day 1: Sunday, April 27, 2025 19:00 – 22:00 Welcome cocktail at Athenaeum InterContinental Athens Hotel Day 2: Monday, April 28, 2025 09:15 – 09:30 Welcome address by Chairman of IREPAS 09:30 – 10:50 SESSION ONE – Critical changes in the global long steel markets and macroeconomic overview -... Read More
Short Range Outlook : March 2025
Global longs market overwhelmed by spiral of trade measures, everybody afraid to do business amid current unpredictability The global long steel products market is currently overwhelmed by a spiral of duties and trade measures – protectionism such as has never been experienced before. The scenario for global the long steel trade is being re-written now by governments. Tariff barriers are being erected all over the world. No one seems to know... Read More
Trump administration backs down on 50 percent tariffs for Canada following Canadian concessions on power price hikes
Following earlier reports that the Trump administration would impose doubled 50 percent tariffs on Canadian exports of steel and aluminum in reaction to an earlier decision by the Canadian government to impose 25 percent increases in electricity prices to Michigan, Minnesota and New York, administration officials said later today that US will drop the additional tariffs against Canada, defaulting to the original 25 percent tax on metals scheduled... Read More
Trump administration doubles tariffs against Canada to 50 percent effective March 12
The Trump administration announced a doubling of import tariffs on Canadian steel and aluminum to 50 percent effective tomorrow, March 12, in reaction to a decision by Ontario’s government to slap a 25 percent tax on electricity exports to the US, President Trump said in extensive remarks on his social media platform Truth Social. “Based on Ontario, Canada, placing a 25 percent tariff on electricity coming into the United States, I have instructed... Read More
Trump administration’s Canada tariff policy on goods covered under USMCA to be delayed
Following today’s reversal on 25 percent tariffs levied against Mexico March 4, reports indicate the Trump administration has now delayed the implementation of 25 percent tariffs on Canada for its exported products covered under the previous USMCA agreement until April 2. On April 2, the Trump administration plans to begin in-kind reciprocal tariffs against all countries taxing the import of US goods. The rates, products and countries affected by... Read More