Short Range Outlook : February 2024

Some decisive positive developments still awaited in global longs market It seems like everybody in the global long steel products is waiting for some really positive developments to materialize. However, unfortunately, there is no substantive positive news coming out of China. Nevertheless, the country is driving iron ore prices and coal prices, while many long product mills are working to keep margins between scrap and finished products on the... Read More

Short Range Outlook : December 2023

Global longs producers face various cost increases amid insufficient demand There has been some increase in demand-driven purchases in the global long steel products market but the question is whether consumption will continue to follow. We are in the holiday season and therefore not much demand is expected for the rest of the year. The winter season will also push up energy prices and, overall, mills will face cost increases. EAF-based steel mills’... Read More

Short Range Outlook : November 2023

No supply-demand improvement in global longs market, regionalization prevails The supply and demand situation in the global long steel products market is not getting any better, which continues to put pressure on producers. The increasing political influence on trade flows and particular markets in the form of antidumping and/or countervailing duties including also supply chain restrictions are leading to a more and more regionalized trade with a... Read More

IREPAS in Istanbul: Uncertainty prevails in slow market with weak demand

The 89th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Istanbul on September 17-19, marking the 40th anniversary of the foundation of the association, in conjunction with the SteelOrbis Fall ’23 Conference. There were 217 representatives from 61 different producers among the 783 registered delegates from a total of 59 different countries. There were also 105 registrations representing 55 different raw... Read More

The program of the 89th meeting in Istanbul

Day 1: Sunday, September 17, 2023 19:00 – 22:00                   Welcome cocktail at Swissôtel The Bosphorus   Day 2: Monday, September 18, 2023 09:15 – 09:30                  Welcome address by Chairman of IREPAS   09:30 – 11:30                    SESSION ONE: Critical changes in the global long steel markets - Keynote speech: Figures and comments from WTO report Illicit... Read More

Short Range Outlook : August 2023

General slowdown in global longs market puts producers under pressure  The global long steel products market is slowing down in general, which is putting pressure on producers. Demand for reinforcing bars and wire rods remains very weak and there is strong pressure on prices from the new exporters – Algeria, Egypt, the UAE and Saudi Arabia – who are in the market with very aggressive offers. Business still stagnant in US, high interest... Read More

Short Range Outlook : June 2023

Global longs market impacted by variety of negative factors, especially low consumption The supply and demand balance in the global long steel products market is not getting any better and the main export destinations are requiring lower offers almost every week. The overriding issue for the market is volume and the lack of volume which is in effect coming from the lack of consumption. Consumption has unfortunately not recovered yet from the pandemic.... Read More

IREPAS in Barcelona: Challenging times for global longs industry

The 88th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Barcelona, on May 7-9, 2023, in conjunction with the SteelOrbis Spring ’23 Conference. There were 157 producer representatives from 58 different companies among the 553 registered delegates from a total of 55 different countries. There were also 81 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat... Read More

The program of the 88th meeting in Barcelona

Day 1: Sunday, May 7,2023 19:00 – 22:00                   Welcome cocktail at InterContinental Barcelona   Day 2: Monday, May 8, 2023 09:00 – 09:10                  Welcome address by Chairman of IREPAS   09:10 – 10:50                    SESSION ONE: Long Products and macro economy - Long products market outlook Overview of global construction sector Steel and long... Read More

Short Range Outlook : April 2023

International business shrinks in global long products market, outlook unsatisfactory Global business and its international scope have been facing some challenging times recently, with declining imports and exports and a lack of supply-demand balance in the global long products market. The reduced total production in 2022 is carrying over into 2023 and is able to satisfy actual consumption. This has resulted in an aversion to imported steel due to... Read More

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