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
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
IREPAS in Barcelona: Challenging times for global longs industry
The 88th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Barcelona, on May 7-9, 2023, in conjunction with the SteelOrbis Spring ’23 Conference. There were 157 producer representatives from 58 different companies among the 553 registered delegates from a total of 55 different countries. There were also 81 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat... 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 : 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