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

Qatar issues guidelines for rebar imports

Qatar’s Ministry of Environment has announced guidelines regarding reinforcing bar imports to improve the quality of building and construction materials in the country. Accordingly, Qatar has banned imports of reinforcing bars below grade 500, and made mandatory a labaratory test report to import the construction steels. The Ministry announced to accept only those issued by the ISO 17025-certified laboratories with three month validity as... Read More

UAE denies cancellation of duty exemption

The UAE Ministry of Economy has officially denied speculations that, the exemption allowing the cut end bend facilities in the country to import steel without paying the 5% import duty has been cancelled. The Ministry stated that the cut and bend facilities in the UAE will be under strict control amid reports of serious illegal practices, as there are claims of imported rebars being sold in to the domestic market without any cutting and bending... Read More

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