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

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

Short Range Outlook : March 2023

Better demand in global longs market It seems that demand in the global long steel products market is somewhat better after the holiday season. There have been signs of a pickup in demand everywhere in the past month, apart from the EU. The supply in the market has been adjusted accordingly, which has had a positive influence on prices. Consequently, the whole market dynamic has changed. The price spread between Chinese origin reinforcing bars and... Read More

Short Range Outlook : February 2023

Unpredictability persists in global longs market, recession fears may have been exaggerated The global long steel products market is still characterized by unpredictability. China’s impact on the global markets is still an open question and this contributes to the unpredictability for the second quarter. It seems that customers heard too much talk of recession last year and were convinced that all construction would stop in 2023. Actually, it looks... 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

Short Range Outlook : November 2022

Demand at crisis levels in global longs market, unlikely to improve in coming months Demand in the global long steel products market is either very low or there is no demand at all, depending on the region. Overall demand is less than real supply and possible supply increases. The demand for ferrous materials has also slowed down considerably as industrial outlooks have lost visibility. Energy cost uncertainty and the destruction of demand have led... Read More

The program of the 87th meeting in Monaco

Day 1: Sunday, October 9,2022 19:00 – 22:00                   Welcome cocktail at Fairmont Monte Carlo   Day 2: Monday, October 10, 2022 09:00 – 09:10                  Welcome address by Chairman of IREPAS   09:10 – 10:40                    SESSION ONE: Critical changes in global long steel markets – Long products, pig iron and EU - Long products market outlook Overview... Read More

Short Range Outlook : September 2022

Dramatic situation in global long products market, huge uncertainty lies ahead The situation in the global long steel products market is deteriorating as we have entered a rising-cost business cycle. Inventories are lasting a lot longer than expected due to the lack of demand in the market. The situation is dramatic, to say the least, and huge uncertainty lies ahead in the coming month. Europe and rest of the world seem to be two different planets Europe... Read More

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