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

IREPAS in Monaco: The current crisis is a once-in-a-generation event

The 87th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Monaco, on October 9-11, 2022, in conjunction with the SteelOrbis Fall ’22 Conference. There were 108 producer representatives from 40 different companies among the 407 registered delegates from a total of 48 different countries. There were also 69 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat... 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

Short Range Outlook : July 2022

Demand mostly very weak in global longs market, unlikely to improve in July and August It has become very complicated nowadays to use the word global when talking about the global long steel products market. It seems like there are different globes. Demand has disappeared almost everywhere and commodity prices are down, which definitely forces mills to slow down. The main issue for steel producers is volume and profitability. Adding salt to the wound,... Read More

IREPAS in Istanbul: War in Ukraine has fundamentally changed sentiment and product flows

The 86th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Istanbul, Turkey, on May 29-31, 2022, in conjunction with the SteelOrbis Spring ’22 Conference. There were 191 producer representatives from 60 different companies among the record high 766 registered delegates from a total of 59 different countries. There were also 105 registrations representing 51 different raw material suppliers. At the opening... Read More

Short Range Outlook : May 2022

Global longs market faces challenges and uncertainties amid ongoing war in Ukraine Some oversupply is observed here and there in the global long steel products market. The market situation is getting worse. In particular, there is a vacuum in Western markets due to the war in Ukraine. Price hikes were very rapid and very steep, which could be a reason. Energy prices have negatively impacted manufacturing, especially in Europe. Inflation is another... Read More

The program of the 86th meeting in Istanbul

Day 1: Sunday, May 29,2022 19:00 – 22:00                   Welcome cocktail at Four Seasons Hotel Bosphorus Istanbul   Day 2: Monday, May 30, 2022 09:00 – 09:15                   Welcome address by Chairman of IREPAS   09:15 – 10:00                    SESSION ONE: Critical changes in global long steel markets - Long products market outlook Overview of global construction... Read More

Short Range Outlook : April 2022

War in Ukraine a major gamechanger for global longs market The war in Ukraine has changed sentiment in the global long steel products market as well as fundamentally altering the flow of raw materials and finished products almost overnight. There is more demand than secure supply in the market. Before the war, the expectations were that demand would determine the direction of prices, contrary to 2021 when supply was the driving factor. Today, however,... Read More

Information on 86th IREPAS meeting in Istanbul

We are delighted to confirm that our first meeting in 2022 will be held in our traditional in-person format after two years! The 86th IREPAS meeting conference will be held at the Four Seasons Hotel Bosphorus in Istanbul, on May 29-31 in conjunction with the SteelOrbis Spring’22 Conference. You may find all details including the agenda and registration information at the following link.  Read More

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