Short Range Outlook: May 2013
Overcapacity hinders price increases in global longs market Yet another month has passed in which demand in the global long steel products market has failed to show the long-awaited recovery. The volume of business has significantly declined in the overall global marketplace, even though volumes are either unchanged or have increased in some regions. Prices in the Far Eastern market are somewhat lower due to the increase in Chinese output and supply.... Read More
Short Range Outlook: April 2013
Global long steel market place hopes in output cuts and improving weather Demand in the global long steel products market has not indicated the long-awaited increase yet, and is still at very low levels due to the long and cold winter in the northern hemisphere, especially in the EU. Steel mills are still taking action to achieve a balance between supply and demand in the market. However, the supply levels have not really been of much help lately... 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 – August 2012
Stagnation prevails in unpredictable long steel market Some customers in certain regions have returned to the long steel products market after a long absence. Nevertheless, for almost all products supply is still greater than demand, resulting in very difficult market conditions. Competition is very strong in the marketplace, and can even be described as fierce in the North American and Asian markets. The oversupply situation in China has worsened... Read More
52nd Irepas meeting
52nd Irepas meeting will be held at Hilton Hotel ( http://www.hilton.com/en/hi/hotels/index.jhtml?ctyhocn=SHAHITW ) in Shanghai between March 20th – March 21th 2005. Please kindly confirm your participation at http://www.irepas.com/general/meetingApplication.aspx if you are a registered member. If you are not a register member please register yourself to www.irepas.com first, then confirm your participation. We will appreciate if you can fill... Read More