EU confirms CBAM to begin in January 2026
The European Federation of Steel, Tubes and Metals Distribution & Trade (EUROMETAL) has confirmed that the Carbon Border Adjustment Mechanism (CBAM) will come into force on January 1, 2026, as originally legislated. This announcement follows EUROMETAL’s request for urgent clarification after rumors circulated in the market about a possible delay. In an official reply, the Directorate-General for Taxation and Customs Union (DG TAXUD) stated that... Read More
EU launches consultation on new steel safeguard measures to combat trade risks
The European Commission has announced the launch of a consultation process aimed at shaping the next generation of steel safeguard measures. Industry stakeholders have until August 15 to submit input. These consultations will feed directly into the formulation of replacement measures for the current safeguards, which expire on June 30, 2026. The upcoming protection framework is expected to counter several structural challenges according to the European... Read More
Short Range Outlook : June 2025
Competition becomes predatory in oversupplied global long steel market The global long steel products market is oversupplied and overcrowded. The situation has worsened and is now structural. The competition in the global market is predatory. Margins are dead. The only strategy is cashflow and turnover. Whoever can ship first, wins. Whoever negotiates for $5/mt more, loses the order. Every confirmed business is a major success. Moreover, without... Read More
IREPAS in Athens : Markets in unknown territory
The 92nd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Athens on April 27-29 in conjunction with the SteelOrbis Spring’25 Conference. There were 143 representatives from 49 different producers among the 502 registered delegates from a total of 58 different countries. There were also 97 registrations representing 50 different raw material suppliers. At the opening of the conference, Murat Cebecioglu,... Read More
The program of the 92nd meeting in Athens
Day 1: Sunday, April 27, 2025 19:00 – 22:00 Welcome cocktail at Athenaeum InterContinental Athens Hotel Day 2: Monday, April 28, 2025 09:15 – 09:30 Welcome address by Chairman of IREPAS 09:30 – 10:50 SESSION ONE – Critical changes in the global long steel markets and macroeconomic overview -... Read More
Short Range Outlook : March 2025
Global longs market overwhelmed by spiral of trade measures, everybody afraid to do business amid current unpredictability The global long steel products market is currently overwhelmed by a spiral of duties and trade measures – protectionism such as has never been experienced before. The scenario for global the long steel trade is being re-written now by governments. Tariff barriers are being erected all over the world. No one seems to know... Read More
EU lowers import quota volumes, introduces new quota caps
The European Commission has announced the findings of its functioning review of the safeguard measure on imports of certain steel products initiated on December 17, 2024, and has made adjustments to the measures. The commission has decreased the tariff-rate quota volumes for some products by lowering the liberalization rate to 0.1 percent from the current one percent to ensure the effectiveness of the measure. The EU’s safeguard measures will still... Read More
Trump announces 25% tariff on steel and aluminum imports
US President Donald Trump has announced 25 percent tariffs on foreign steel and aluminum imports on Monday, February 10. Trump stated that the tariffs, which will apply to the products from trading partners with duty-free exemptions or tariff-rate quota deals, including Canada, Mexico, Australia, Argentina, Brazil, South Korea, the EU, Japan and the UK, will be effective as of March 12, 2025. However, a White House official subsequently stated that... Read More
Short Range Outlook : February 2025
Global longs market under very strong pressure from Chinese exports, Trump 2.0 brings uncertainty and volatility The global long steel products market is currently under very strong pressure mainly because of Chinese exports, which have been increasing and not showing any signs of slowing down. We have already seen what Trump 2.0 means – uncertainty, volatility and a lack of visibility. It seems like the situation will get even worse until the... Read More
Short Range Outlook : January 2025
Pressure still rising in global longs market, some answers expected after January 20 The pressure in the global long steel products market is increasing as there is no positive news from China yet, while everywhere there is weak demand, market protection and excess capacity. Some questions about the future are expected to receive answers after Trump’s inauguration on January 20 Still no positive news heard from China Chinese export data for November... Read More