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 : March 2021
Spring brings generally bright prospects for global long steel market The current situation and sentiments are generally very good in the global long steel products market. Order books are mostly filled to above average levels. The holiday season is over, winter in the northern hemisphere is coming to an end and vaccinations are progressing. These factors as well as stimulus activities, a will to return to normal, and strong investments are all strong... Read More
Short Range Outlook : January 2021
Short supply in global longs market, full impact of vaccines remains to be seen Supply is still on the short side in the global long steel products market and this situation will probably not change until the second quarter. Chinese demand for raw materials and semi-finished products has been providing the main boost to the markets. As vaccines have started to be released, depleted supply chains have to be replenished, with plans being made for stronger... Read More
Short Range Outlook : December 2020
Global longs market gradually scrabbling back towards normalization The global long steel products market is gradually scrabbling back towards normalization. As effective vaccines are being rolled out, the markets are realizing that we are returning to normal. Business is flourishing. Supply chains are currently restocking and orders are solid, while production levels are not keeping up. Much better situation prevails now in terms of market prices The... 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
EU reduces import quota volumes after UK’s inclusion in quota regime
The European Commission, which has now included the UK among the countries that are subject to import quotas for steel products, has also reduced the existing quota volumes for other countries which were already under the quota scheme. The reduced quotas will be in force as of January 1, 2021, and so in the two last quarters under the quota regime the countries will have less opportunity to export to the EU. The EC said that the changes in quota volumes... Read More
EU announces import steel quota volumes for UK
The European Commission (EC) has announced the imposition of definitive safeguard measures on imports of certain steel products from the UK, as they will not be in the same trading area with the UK after Brexit. Without this specific quota for the UK, the UK steel sector could have faced a £80 million bill from EU steel safeguard tariffs in the first half of 2021, UK Steel and Steel Trade Union Community stated. The UK will be subject to a 25 percent... Read More
EU initiates expiry review on imports of wire rod from China
The European Commission has announced that it has initiated an expiry review of the antidumping duty on imports of wire rod from China. The application for the review was filed by the European Steel Association (EUROFER), alleging that the expiry of the existing measures would be likely to result in continuation or recurrence of dumping and injury to the EU industry. The investigation of a continuation or recurrence of dumping will cover the period... 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