Short Range Outlook : April 2024

Global longs market under pressure from weak demand and China’s aggressive exports Demand in the global long steel products market continues to lag behind supply and the situation is getting worse because of China’s aggressive export policy. At the beginning of 2024, China accelerated its exports. Based on the data for the first two months of 2024, they are poised to exceed their record exports seen in 2015. Chinese steel producers seem to be... Read More

The program of the 90th meeting in Berlin

Day 1: Sunday, April 28, 2024 19:00 – 22:00                   Welcome cocktail at InterContinental Berlin   Day 2: Monday, April 29, 2024 09:00 – 09:15                  Welcome address by Chairman of IREPAS   09:15 – 09:45                   SESSION ONE – Critical changes in the global long steel markets - Long products market outlook Overview of global construction... Read More

Short Range Outlook : March 2024

No improvement in supply-demand balance in global longs market, Asian exports may surge The supply and demand balance in the global long steel products market has not improved compared to previous months. Unfortunately, the positive expectations after the Chinese New Year holidays have not materialized. It seems Chinese exporters will continue to be aggressive, which of course will also drive other Asian exporters (Japan, Vietnam, Taiwan and South... Read More

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 : 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

Russia officially imposes export duties for most steel and raw materials until end of 2024

Russia’s government has adopted a decision to implement export duties for certain categories of products, including steel and raw materials. The export tax will be applicable from October 1, 2023 until December 31, 2024. “The regulation is adopted in order to support the optimal ratio of the local consumption and exports. The imposed decision will help protecting the local market from the unconditional increase of the prices. The flexible export... 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

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

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 : December 2022

First quarter of 2023 could be very difficult for global long products market Raw material costs are increasing once again and energy prices are expected to be very high at least until March 2023. Mills are facing cost pressures once more in the global long steel products market. Business activity has been reduced during the past month and, even though scrap and iron ore prices have gone up, net margins have either at best kept pace or in some cases... Read More

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