Short Range Outlook – August 2012
Stagnation prevails in unpredictable long steel market Some customers in certain regions have returned to the long steel products market after a long absence. Nevertheless, for almost all products supply is still greater than demand, resulting in very difficult market conditions. Competition is very strong in the marketplace, and can even be described as fierce in the North American... Read More
Short Range Outlook – July 2012
The bottom of the recent market trend Supply has continued to exceed demand in the long steel products market during the past month. However, some steel mills have already reacted and others are also expected to take necessary actions so that we will see an improved balance between supply and demand towards the end of the year. In fact, with less material now being sold, demand... Read More
Short Range Outlook – June 2012
The uncertainty in the market is expected to continue for a while The business scenarios in the global marketplace vary from one region to another depending on the economic situation in the different regions. The long products market has been performing relatively better than the flat rolled market mainly due to better balance of supply and demand. However, the increased uncertainty... Read More
Short Range Outlook – May 2012
IREPAS: Market is generally stable in certain areas, dynamic in others At a global level demand is stable at healthy level except in Europe. There is still over supply versus apparent demand in the market but mills continue to keep a good discipline in terms of adapting supply to market conditions, also in the EU. The situation is expected to get better, as reduction in supply... Read More
IREPAS : Market starts to gain stability
The 66th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in London on April 1-3, 2012. There were 81 producer representatives amongst the 289 registered delegates from 38 different countries. Michael Setterdahl, the chairman of the IREPAS Traders’ Committee, stated that traders are now increasingly seeing more regionalization in trade. Traders... Read More
IREPAS : Outlook is positive except Europe
The 65th IREPAS Meeting was held in St. Petersburg, Russia on September 25-27, 2011. Ioannis Meimaroglu, the chairman of the Raw Material Suppliers Committee, explained that scrap prices continue to remain firm based on four reasons. First of all steel production has been increasing globally since 2006, despite the interruption in 2008, driving scrap demand up. Secondly, not only... Read More
IREPAS : Business is expected to resume within a short period
The 63rd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Madrid on October 3-5, 2010. There were 85 producer representatives amongst the 272 delegates from 42 different countries. At the conclusion of the event, the chairmen of the committees for raw material suppliers, traders, rebar and wire rod suppliers and billet suppliers came together... Read More
IREPAS Committees: Oversupply still remains the main problem
The 62nd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Budapest on June 6-8. There were 92 producer representatives amongst the 241 attendees from 45 different countries. At the conclusion of the event, the chairmen of the committees for raw material suppliers, traders, rebar and wire rod suppliers and billet suppliers came together to share... Read More