DeAcero suggests negotiation
Mexican steel producer DeAcero released a request on February 13th that the US Department of Commerce avoid trade disputes with Mexico and focus on the defense of NAFTA regions, which receive unfair imports from China and the European Union. The request read “Trade disputes between members of NAFTA should be resolved through negotiation and agreement rather than trade litigation.” DeAcero said “A suspension agreement in the antidumping... Read More
Short Range Outlook: January 2014
Mood brightens in global long steel market despite ongoing unpredictability The global long steel products market has resumed business after the holiday period, as activity had stopped in many countries from the middle of December up to the first week of January. The mild weather conditions in the EU have permitted reasonable levels of construction activity, which have helped to sustain a certain volume of demand in the region’s long steel market.... Read More
Short Range Outlook: December 2013
Stability in global long steel market but future prospects appear brighter The global long steel products market maintained its generally stable condition during the month of November on the back of stable ferrous scrap prices. Major exporters have been able to find some opportunities for product volumes in the North African and Middle Eastern markets, and, on top of that, maintenance closures at a number of mills due to the upcoming holiday season... Read More
Price volatility, overcapacity, credit restrictions and trade barriers among issues facing long steel industry, but positive signs from global economy
The 69th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 22-24, 2013. There were 120 producer representatives amongst the 407 registered delegates from 49 different countries. Kim Marti was named as Chairman of IREPAS, replacing Ugur Dalbeler. Ioannis Meimaroglu, Chairman of the Raw Materials Suppliers’ Committee, confirmed that a record high number of 42 representatives attended... Read More
Short Range Outlook: September 2013
Raw material costs to provide some support for long steel prices despite depressed conditions The excess supply situation in certain regions in the global long steel products market in July also continued to be observed in the month of August. That said, market sentiment has lately been better in the US and Europe, where some price increases have been achieved. The market dynamics have been improving slightly in Asia too. Although the weak yen encourages... Read More
Short Range Outlook: July 2013
Supply-demand imbalance still prevails in long steel market Demand in the global long steel products market in June remained unchanged as compared to May. There has been no improvement in terms of the imbalance between supply and demand in the market, despite the best efforts of mills to adapt their production to demand levels and thus avoid the creation of further supply pressure. As expected and as mentioned in our press release last month, ferrous... Read More
Short Range Outlook: June 2013
Chink of light for long steel market as raw material prices approach bottom The supply and demand imbalance in the global long steel products market has worsened lately. Although real demand is not that bad globally, the continuous decline in prices of raw materials is causing a delay in purchase decisions, resulting in a decrease in apparent demand. In some markets, especially in Europe, this is putting pressure on prices. Demand seems to have dried... Read More
Short Range Outlook: May 2013
Overcapacity hinders price increases in global longs market Yet another month has passed in which demand in the global long steel products market has failed to show the long-awaited recovery. The volume of business has significantly declined in the overall global marketplace, even though volumes are either unchanged or have increased in some regions. Prices in the Far Eastern market are somewhat lower due to the increase in Chinese output and supply.... Read More
Short Range Outlook: April 2013
Global long steel market place hopes in output cuts and improving weather Demand in the global long steel products market has not indicated the long-awaited increase yet, and is still at very low levels due to the long and cold winter in the northern hemisphere, especially in the EU. Steel mills are still taking action to achieve a balance between supply and demand in the market. However, the supply levels have not really been of much help lately... Read More