Short Range Outlook : May 2021

Global longs producers hold whip hand amid strong demand, short supply, rising prices Demand in the global long steel products market has continued to increase recently, and particularly demand in China and developed economies continues to push the market up. At the same time, international supply has tightened even further. Most mills are offering a few months ahead, thereby contributing to upward movement of prices. There are imbalances in rebar... Read More

Short Range Outlook : April 2021

Producers dominate in global longs market, outlook appears very positive Lead times are longer than ever in the global long steel products market and there is still strong demand, encouraging mills to continue increasing their prices. The situation has certainly become better from the producers’ point of view. They are all making money and their lead times are elongated. Shortages of material keeps prices and margins high It was somewhat surprising... Read More

Short Range Outlook : November 2020

Global longs market becomes even more regionalized amid widespread protectionism The global long steel products market is becoming even more regionalized. All the safeguard measures, tariffs and antidumping and countervailing cases are reducing the global exchange of products more and more. The Covid-19 pandemic gives producers in certain markets the pretext to lobby their governments with even more arguments to get their domestic markets protected... Read More

83rd IREPAS meeting : Global long steel demand more or less same as before pandemic

The  83rd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held as a virtual event to ensure the health and well-being of all participants, on September 21, 2020 in conjunction with the SteelOrbis Fall’20 Conference. There were 205 producer representatives among the 627 registered delegates from a total of 53 different countries. There were also 73 registrations representing 35 different raw material suppliers. At... Read More

Short Range Outlook : July 2020

Global longs demand not as bad as reported, some mills more fortunate than others The situation in the global long steel products market has not changed much since last month. There has been a reduction in both supply and demand around the world, except in China where output keeps growing. Demand in the global long steel products market is indeed not as bad as the newspapers and media outlets report. However, the mills operating at more than 60 percent... Read More

Short Range Outlook : May 2020

Impact of Covid-19 starts to hit home across the global long steel market The supply and demand situation in the global long steel products market has deteriorated as global economies are doing much worse today thanks to protectionist measures and the Covid-19 pandemic. There is oversupply of almost everything, except those items that suddenly end up being in short supply due to impacts on the supply chain. This does not include ‘shortages’ that... Read More

Short Range Outlook : April 2020

Predictions for global longs market very difficult amid unprecedented virus impact It has become extremely difficult to predict the supply and demand situation in the global long steel products market. The  impact of the Covid-19 coronavirus pandemic on overall economic situations or conditions in countries and regions will be at different levels, which might change the dynamics of steel demand and production separately. Regionalization of markets... Read More

Vietnam extends safeguard duties on billet, rebar and wire rod

Vietnam’s industry and trade ministry has announced that the country’s safeguard duties on billet, rebar and wire rod imports have been extended until 2023. The duty rates will gradually decline within three years. After March 2023, the duties will be zero unless the ministry decides to extend them one more time. Until March 21, 2021, the duties will stand at 15.3 percent for billet and 9.4 percent for rebar and wire rod. In the second year, the... Read More

IREPAS in Belgrade: Longs market outlook unclear amid coronavirus threat

The 82nd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Belgrade, Serbia on March 1-3, 2020 in conjunction with the SteelOrbis Spring ’20 Conference. Unfortunately, the coronavirus outbreak had a negative impact on our 82nd meeting in Belgrade. After the news about the coronavirus cases observed in Italy by late February, many participants due to attend the 82nd IREPAS meeting decided not to travel to... Read More

ABEF provides information on new import regulation in Algeria

Algeria’s Association of Banks and Financial Institutions (ABEF) has provided information regarding the new import trade regulation, which is expected to come in force starting from January 1, 2020. According to the document, importers in Algeria should prioritize operations on FOB basis over CFR basis purchases and give preference to the local shipping companies, while previously it was stated that those were mandatory. Therefore, the importers... Read More

Next Page »

Archives