The programme of the 75th IREPAS meeting
September 25th, Sunday
19:00 – 22:00 Welcome Cocktail at Intercontinental Vienna
September 26th, Monday
09:00 – 09:25 Welcome address by Chairman of IREPAS
09:25 – 10:25 SESSION ONE
- Global economic developments and expectations
Lutz Karpowitz, Commerzbank AG / Director of FX Strategy
- Where is the European economy heading?
- China’s new normal
- Prospects and challenges for the U.S. economy
- GCC economies in a low oil price environment
10:25 – 10:55 Networking Break
10:55 – 12:30 SESSION TWO – Critical changes expected in global long steel markets
- Long product market outlook
Kim Marti, Celsa Group / International Sales Director
- Overview of global construction sector
- Steel and long products consumption
- Rebar markets
- International price situation
- Focus on China: What we can expect next?
Li Xinchuang, China Metallurgical Industry Planning and Research Institute (MPI) / President – China Iron and Steel Association (CISA) / Vice Secretary General
- Outlook for Chinese steel market – raw materials and long products
- Overcapacity and environmental pollution
- Will Chinese steel exports still increase despite trade cases?
- New normal for Chinese steel
Keynote Speaker:
Becky E. Hites, Steel-Insights / President
Developed World Empty Nest Syndrome: The “Chicks” (Developing World) Have Flown The Coop & Now Are Flooding The Market With Steel
- Declining global steel demand and continued substantial global steel overcapacity resulting in more market protection trade actions.
- Chinese “campaign promises” (5-year plan) of increased environmental protection and lower steel production can deliver swift results once implemented.
- Consolidation through M&A likely as steel producers maneuver to adjust to the new slower growth market reality.
- Continued expected infrastructure investment in the Developing Worlds is a favorable driver for long product production.
- Energy volatility to continue as new players are re-introduced on the supply side and historic power balances are in flux, somewhat a negative for steel demand to that industry.
- Semis product substitution for liquid steel production (and traditional raw materials use) also continuing to disrupt and impact mill production schedules.
- 2017 stacking up as a year of continued re-alignment both on the supply side, but also the demand side, rather than a return to predictability and solid profitability.
12:30 – 14:30 Networking Lunch
14:30 – 17:00 IREPAS Committee Meetings
- 14:30 – 17:00 Producers Committee (by invitation only)
- 14:30 – 17:00 Raw Material Suppliers Committee (by invitation only)
- 14:30 – 17:00 Traders Committee (open to all attendees)
20:00 – 23:00 Gala Dinner
September 27th, Tuesday
09:30 – 11:00 SESSION THREE – Panel with Committee Chairmen
- Producers Committee
- Raw Material Suppliers Committee
- Traders Committee