The program of the 92nd meeting in Athens
Day 1: Sunday, April 27, 2025 19:00 – 22:00 Welcome cocktail at Athenaeum InterContinental Athens Hotel Day 2: Monday, April 28, 2025 09:15 – 09:30 Welcome address by Chairman of IREPAS 09:30 – 10:50 SESSION ONE – Critical... Read More
Short Range Outlook : March 2025
Global longs market overwhelmed by spiral of trade measures, everybody afraid to do business amid current unpredictability The global long steel products market is currently overwhelmed by a spiral of duties and trade measures – protectionism such as has never been experienced before. The scenario for global the long steel trade is being re-written now by governments. Tariff... Read More
Trump administration backs down on 50 percent tariffs for Canada following Canadian concessions on power price hikes
Following earlier reports that the Trump administration would impose doubled 50 percent tariffs on Canadian exports of steel and aluminum in reaction to an earlier decision by the Canadian government to impose 25 percent increases in electricity prices to Michigan, Minnesota and New York, administration officials said later today that US will drop the additional tariffs against... Read More
EU lowers import quota volumes, introduces new quota caps
The European Commission has announced the findings of its functioning review of the safeguard measure on imports of certain steel products initiated on December 17, 2024, and has made adjustments to the measures. The commission has decreased the tariff-rate quota volumes for some products by lowering the liberalization rate to 0.1 percent from the current one percent to ensure the... Read More
Trump administration doubles tariffs against Canada to 50 percent effective March 12
The Trump administration announced a doubling of import tariffs on Canadian steel and aluminum to 50 percent effective tomorrow, March 12, in reaction to a decision by Ontario’s government to slap a 25 percent tax on electricity exports to the US, President Trump said in extensive remarks on his social media platform Truth Social. “Based on Ontario, Canada, placing a 25 percent... Read More
Trump administration’s Canada tariff policy on goods covered under USMCA to be delayed
Following today’s reversal on 25 percent tariffs levied against Mexico March 4, reports indicate the Trump administration has now delayed the implementation of 25 percent tariffs on Canada for its exported products covered under the previous USMCA agreement until April 2. On April 2, the Trump administration plans to begin in-kind reciprocal tariffs against all countries taxing... Read More
US tariffs on Mexico delayed
The Trump administration said it will will delay the enforcement of 25 percent tariffs on Mexico for four weeks, the US leader said March 6 on his Truth Social platform. President Trump implied in his social media post that the reason for the policy shift was rooted more on actions Mexico has recently taken to enforce better border security. After speaking with Claudia Sheinbaum... Read More
US officially slaps tariffs on Canada and Mexico, doubles tariffs on China
The US government has officially implemented 25 percent tariffs on all imports from its two leading trading partners Canada and Mexico as of today, March 4, according to a statement made by the White House. Also, energy imports from Canada will be subject to 10 percent tariffs. In early February this year, while postponing the tariffs in question, US President Donald Trump gave... Read More
Trump announces 25% tariff on steel and aluminum imports
US President Donald Trump has announced 25 percent tariffs on foreign steel and aluminum imports on Monday, February 10. Trump stated that the tariffs, which will apply to the products from trading partners with duty-free exemptions or tariff-rate quota deals, including Canada, Mexico, Australia, Argentina, Brazil, South Korea, the EU, Japan and the UK, will be effective as of March... Read More
Short Range Outlook : February 2025
Global longs market under very strong pressure from Chinese exports, Trump 2.0 brings uncertainty and volatility The global long steel products market is currently under very strong pressure mainly because of Chinese exports, which have been increasing and not showing any signs of slowing down. We have already seen what Trump 2.0 means – uncertainty, volatility and a lack... Read More