Overcapacity and protectionism to remain key issues in 2013
Overcapacity and protectionism to remain key issues in 2013 The 68th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Doha on March 3-5, 2013. There were 76 producer representatives amongst the 210 registered delegates from 60 different countries. Yusuf Guven, chairman of the IREPAS Raw Material Suppliers Committee, said that the iron ore inventory strategies implemented in China resulted in increased iron ore... Read More
Short Range Outlook: February 2013
Competition heats up and margins suffer in global long steel market Trade restrictions have shut down a few significant markets for reinforcing bar exports recently, and so some exporting countries have been obliged to divert significant quantities of exports to other destinations, creating severe supply pressure on prices, and more importantly making profit margins practically non-existent. Demand for long steel products has not been picking up in... Read More
Short Range Outlook – December 2012
Longing for better market conditions In November, long steel mills worldwide were in general bothered by lack of demand, the rise in scrap prices and the subsequent lack of conversion margins, and therefore continued to reduce production and cut supply into the market. At the same time, demand in the market has declined mostly for seasonal reasons despite the positive sentiment created by the increases in raw material prices. The raw material price... Read More
Short Range Outlook – November 2012
The market may improve in volumes Eventhough there were many announcements by several mills indicating production/supply cuts during the last few months, apparently they were not enough to improve the supply and demand balance in the market, as the market situation kept worsening due to supply pressure. Most buyers started to have lower price expectations, but later positive news coming from China has been of help for better sentiment in the market... Read More
Achieving healthy margins is key
Achieving healthy margins is key The 67th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Munich between September 30th and October 2nd, 2012. There were 80 producer representatives from amongst the 276 registered delegates from 37 different countries. Ioannis Meimaroglu, the chairman of the IREPAS Raw Material Suppliers Committee, said that steel mills have been trying to secure their orders before finalizing... Read More
IREPAS : Market starts to gain stability
The 66th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in London on April 1-3, 2012. There were 81 producer representatives amongst the 289 registered delegates from 38 different countries. Michael Setterdahl, the chairman of the IREPAS Traders’ Committee, stated that traders are now increasingly seeing more regionalization in trade. Traders see the trade to North Africa as quiet, while demand coming from the... Read More
IREPAS : Outlook is positive except Europe
The 65th IREPAS Meeting was held in St. Petersburg, Russia on September 25-27, 2011. Ioannis Meimaroglu, the chairman of the Raw Material Suppliers Committee, explained that scrap prices continue to remain firm based on four reasons. First of all steel production has been increasing globally since 2006, despite the interruption in 2008, driving scrap demand up. Secondly, not only producers are keeping their scrap inventories low, but also inventories... Read More
240 delegates attended the 65th meeting
The 65th IREPAS Meeting was held in St. Petersburg, Russia on September 25-27, 2011 with 240 delegates representing 148 companies from 35 countries. There were 81 delegates representing producing companies. Read More
IREPAS : Business is expected to resume within a short period
The 63rd meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Madrid on October 3-5, 2010. There were 85 producer representatives amongst the 272 delegates from 42 different countries. At the conclusion of the event, the chairmen of the committees for raw material suppliers, traders, rebar and wire rod suppliers and billet suppliers came together to share their view of the current state of the markets with the general... Read More
Oversupply remains the main problem
Our 62nd meeting was held in Budapest on June 6-8. There were 92 producer representatives amongst the 241 attendees from 45 different countries. The meeting had to be postponed due to air traffic problems in European air space back in April. Traders’ Committee concluded the demand was low in the market in general, resulting in a situation of oversupply. Rebar and Wire Rod Suppliers Committee chairman Mr.Al Saadi sad that considering expectations... Read More