Our Mission

Our mission is; to develop understanding between producers, traders and consumers of long steel products around the world;

to add value to international trading activities of our members by providing an environment facilitating better relationships with the shipping and finance industries as well as inspection services;

to help our members reach useful information about the markets around the globe;

to facilitate an environment in which our members can meet new parties to create business opportunuties;

to create a better atmosphere for fair business.

News

Short Range Outlook : June 2025

Competition becomes predatory in oversupplied global long steel market The global long steel products market is oversupplied and overcrowded. The situation has worsened and is now structural. The competition in the global market is predatory.  Margins are dead. The only strategy is cashflow and turnover. Whoever can ship first, wins. Whoever negotiates for $5/mt more, [...]

US steel import tariffs increase to 50 percent

Yesterday, June 3, US President Donald Trump signed an order to increase tariffs from 25 percent to 50 percent on steel and aluminum imports into the US, according to a statement published by White House. The higher tariff will be effective as of June 4, 2025. Trump stated that the measures are intended to secure [...]

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