Short Range Outlook : February 2016
Slightly better conditions in global long steel market but significant risk still exists Conditions in the global long steel products market are slightly better as we can see a “better” supply and demand balance in China and the US due to output cuts at the end of 2015 and amid the restocking cycle in North America and Europe during the first quarter of 2016. On the other... Read More
Announcement of the Appointment of New Chairman of the Board of Directors
IREPAS is pleased to announce the appointment of Mr. Murat Cebecioglu as the new Chairman of its Board. Mr. Murat Cebecioglu, Export Manager of ICDAS since 2009 succeeds Mr. Kim Marti. IREPAS would like to convey its appreciation to Mr. Kim Marti. His leadership, talent and expertise have been a great asset to the Association in his time as Chairman and we are pleased to have his... Read More
Short Range Outlook : December 2015
Sentiment generally negative in global long steel products market Sentiment in the global long steel products market is generally negative due to the expected seasonal slowdown at the end of the year. Most markets are approaching holidays periods and, as buyers in many areas decided on their last purchases of the year in the previous weeks, activity has slackened lately. EU and... Read More
Short Range Outlook : November 2015
Downtrend in global longs market in October against all seasonal expectations The global long steel products market has come back to life at the end of October and in early November as speculative purchasing has started to be observed following the downward spiral of scrap prices seen after the last IREPAS meeting held in Rome in early October, which had made it almost impossible... Read More
IREPAS in Rome: Participants agree prices are close to the bottom
The 73rd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Rome, Italy on October 4-6, 2015. There were 84 producer representatives among the 284 registered delegates from 35 different countries. There were also 30 registrations representing 22 different raw material suppliers. IREPAS chairman Kim Marti stated during his opening address that... Read More
Short Range Outlook : September 2015
Long steel demand reasonable in Europe and North America for the season Trade for long steel products has been slower due to summer breaks in the northern hemisphere, although demand in Europe and North America could be described as reasonable for the season. Oversupply remains biggest problem Some oil producer countries are showing the effects of oil price reductions in terms of... Read More
Short Range Outlook : July 2015
Reasonable demand in many markets such as US and Europe Demand for long steel products continues to be reasonable in many areas like America or Europe but is slowing down in countries in the Middle East and North Africa (MENA) region due to seasonal reasons. Pressure from Chinese goods intensifies A new wave of offers for all kinds of Chinese origin steel is adding to the pressure... Read More
Short Range Outlook : June 2015
Slight improvement in trading atmosphere It seems that the general trading atmosphere has become slightly better in the global long steel market. The imbalances which we have gotten used to have diminished somewhat and therefore traditional trade routes seem to be chosen again. The strengthening of the Russian currency and the reduced influx of Chinese steel to far away markets... Read More
Short Range Outlook : May 2015
Decent demand in global long steel market but excess supply still prevails The recent increase in metallics prices has imparted positive momentum to demand in the global long steel products market. Demand is still good in North and Central America and in some countries in South America. On the other hand, customers have been heavily destocking during the entire first quarter in... Read More
IREPAS in Paris: Long steel players continue to look for opportunities amid ongoing challenges
The 72nd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Paris, France on March 22-24, 2015. There were 95 producer representatives among the 304 registered delegates from 40 different countries. There were also 39 registrations representing 28 different raw material suppliers. On the last day of the conference, producers of long steel products... Read More