EU to impose new quota on imports
According to media sources, the European Commission has sent a notification to the World Trade Organization, stating that the EU will impose import quotas on certain steel products, including rebar and wire rod, for a period of 150 days starting from February 2, 2019.. However, there has been no official announcement yet. Accordingly the import quotas will be in force between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased... Read More
Short Range Outlook : December 2018
Global long steel market facing many unknowns amid protectionism and price corrections There is huge uncertainty in the global long steel products market as there are a lot of unknowns against the backdrop of protectionist measures and price corrections. US-China ceasefire may reduce volatility in international market The trade dispute between the US and China has been kicked down the road for another 90 days. The ceasefire in the trade war between... Read More
Short Range Outlook : November 2018
Global long steel industry in better position now despite tariffs and other issues The global long steel products market has been off balance recently, and the general situation has gotten marginally worse. One of the leading indicators of the worsening in the market is that the current Turkish spread between import scrap and rebar prices is now the lowest value observed since August 2017. The number shows a downward movement of $55/mt from the peak... Read More
Short Range Outlook : October 2018
Global long steel market still in equilibrium though regional differences observed The global long steel products market still seems to be in equilibrium in terms of supply and demand. However, the steel trade is becoming more and more regional and so different supply and demand situations may be observed in various regions. Accordingly, although the overall market is generally stable, there are fluctuations seen in certain regions. Sharp increase... Read More
IREPAS in Istanbul: All eyes on protectionist measures as IREPAS celebrates its 35th anniversary with record attendance
The 79th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Istanbul, Turkey on September 16-18, 2018. There were 139 producer representatives among the record 519 registered delegates from a total of 52 different countries. There were also 84 registrations representing 45 different raw material suppliers. At the opening of the conference which celebrated the 35th year of this bi-annual meeting, Murat Cebecioglu,... Read More
The program of the 79th meeting in Istanbul
Day 1: Sunday, September 16, 2018 19:00 – 22:00 Welcome cocktail at The Grand Tarabya Hotel Day 2: Monday, September 17, 2018 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 10:15 SESSION ONE – Global economic outlook - The Future of The World Economy: The Eagle, The Tiger... Read More
Short Range Outlook : August 2018
Global long steel market currently in equilibrium, though world steel output is on the rise The global long steel products market seems to be in equilibrium at present, with slightly higher freight rates. World steel production is up by six percent, while this situation needs to be monitored. If this continues to be the case for another year or so, we might experience disturbance in the supply-and-demand balance in certain areas. International business... Read More
EU imposes provisional safeguard measures on 23 steel product categories
The European Commission has announced that it has decided to impose provisional safeguard measures on 23 steel product categories, including reinforcing bars, hot rolled products and steel pipes, in the form of a 25 percent out-of-quota tariff. The provisional measures will be applied for 200 calendar days beginning from July 19. The commission has preliminarily decided that the EU steel industry is in a situation of threat of serious injury for the... Read More
EU votes in favor of provisional safeguard measures
European Union voted on July 5th in favor of provisional measures against steel imports under the scope the safeguard investigation launched as a response to Section 232 tariffs in the US. The European Commission has proposed a combination of a quota and a tariff as expected. The quota will be based on import volumes over recent years and a 25 percent tariff will apply for the volumes exceeding that amount. Read More
Short Range Outlook : July 2018
Global long steel products market impacted more and more by protectionism, though demand performs well The global long steel products market is feeling the effects of protectionism more and more every day. Canada has started another investigation on imports, the third within a period of only 12 months. The EU is expected to announce quotas based on the average import volumes of the preceding three years, as a result of its safeguard investigation.... Read More