Short Range Outlook : July 2026
Global longs market worsens further, but tide may turn if geopolitical risks continue to ease The overall business environment in the global long steel products market has deteriorated again. Everything is even more difficult and complexities are increasing further. Nevertheless, the apparent de-escalation of the conflict involving Iran could mark an important turning point. If geopolitical risks continue to ease, we may be approaching the bottom... Read More
EU sets country specific quota allocations under post-safeguard regime
The European Commission has announced that it has set out the detailed country allocation of tariff quotas under the EU’s new steel trade regime. The total annual tariff quota volume of 18.35 million mt will be distributed across 26 steel product categories, replacing the previous safeguard quota administration. Each quota is divided equally into four quarterly volumes. Half of the import quotas have been allocated exclusively to free trade... Read More
EU’s “melt and pour” requirement to apply from October 2026
The European Parliament and the Council of the European Union have set the dates to implement new framework to address the negative trade-related effects of global steel overcapacity on the EU market. The regulation will replace the existing steel safeguard measures, which expire on June 30, 2026, and is intended to apply from July 1, 2026. The “melt and pour” requirement the regulation introduces will apply from October 1, 2026. The European... Read More
Short Range Outlook : June 2026
Relatively stable business environment in global longs market, regional differences more pronounced than ever The overall business environment in the global long steel products market remains relatively stable. However, regional differences have become more pronounced than ever. Protectionist measures in the United States, combined with the implementation of CBAM in Europe and the upcoming reduction of EU import quotas, are reshaping trade patterns... Read More
EU announces new steel import quota volumes and implementation changes
The European Union has introduced the details of the new steel import regulations, including quota volumes, and made some changes regarding the implementation of the measures. The new regulation aimed at addressing the negative trade-related effects of global overcapacity on its steel market, replacing the existing safeguard measures set to expire in June 2026 and set to enter into force on July 1, 2026. The regulation sets the total annual tariff-rate... Read More
IREPAS in Amsterdam : Geopolitical Tensions and Higher Costs
The 94th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Amsterdam on April 26-28 in conjunction with the SteelOrbis Spring’26 Conference. There were 99 representatives from 41 different producers among the 386 registered delegates from a total of 49 different countries. There were also 86 registrations representing 41 different raw material suppliers. At the opening of the conference, Ioannis Manessis,... Read More
Short Range Outlook : April 2026
Global longs market deteriorates further amid war-related supply-side shock, ceasefire in Iran war offers hope There have been no signs of improvement in the global long steel products market. On the contrary, the current business environment has, unfortunately, deteriorated rather than improved in terms of the supply and demand balance. The wars, particularly in Iran and Ukraine, have significantly exacerbated existing disruptions across global... Read More
Short Range Outlook : March 2026
Uncertainty surges in global longs market due to war in Middle East Due the war in the Middle East, levels of uncertainty have surged in the global long steel products market. Energy prices are flying high, supply chains have been disrupted, bunker oil and freight rates are up and stocks are down. It is too early to predict the overall impact of the war. While concerns regarding deliveries of cargoes originating from regions in the East have helped... Read More
Short Range Outlook : February 2026
Buyers cautious in global long steel products market, supply pressure remains high Demand remains weak in the global long steel products market, both structurally and seasonally. Buyers are cautious, operating on a hand-to-mouth basis and are still delaying medium- or long-term commitments. At the same time, supply pressure remains high. China has finally shown a significant production decline (with 2025 output down to 960 million mt, below one billion... Read More
Short Range Outlook : December 2025
No holiday cheer in global longs market – rising costs add to already weak demand As we approach the holiday season, the general atmosphere in the global long steel products market is still cloudy. To sum up the market situation, demand is weak everywhere, with the approach of the holiday season exacerbating this situation, while costs are rising, China is producing a little less but is still exporting. The net effect is that the supply-demand... Read More