Short Range Outlook : May 2015
Decent demand in global long steel market but excess supply still prevails The recent increase in metallics prices has imparted positive momentum to demand in the global long steel products market. Demand is still good in North and Central America and in some countries in South America. On the other hand, customers have been heavily destocking during the entire first quarter in some other markets, reducing buying quantities in these markets. Long... Read More
Iran hikes import duties on steel
Reuters reported that the Iranian government has raised customs duties on certain steel imports to 10-20 percent to protect domestic steelmakers against the surge in Chinese exports. Reuters quoted Keyvan Ja’fari Tehrani, head of international affairs at the Iranian Iron Ore Producers and Exporters Association (IRIOPEX), as saying, “A steel import tax has been imposed… to protect local steel mills against dumping by China, Russia... Read More
Short Range Outlook : March 2015
Global long steel market remains under strong pressure from supply side The global long steel products market is still under supply pressure with strong and agressive offers in terms of volumes and prices. Imbalance between scrap and iron ore prices closes faster than expected The imbalance between prices of iron ore and scrap has been closing as expected, but at a much faster rate. Lower scrap prices will benefit EAF-based producers and help them... Read More
Short Range Outlook : January 2015
Lull in markets due to holiday period The global long steel products market has been quiet recently mostly because of the holidays in many countries, with business volumes shrinking to low levels. The market situation has deteriorated with strong and agressive offers in terms of volumes and prices, with demand stagnating. Many consumers of deformed reinforcing bars are squeezed by low prices and strong pressure from the construction side. What will... Read More
Short Range Outlook : December 2014
Oversupply still evident Oversupply has been evident in the global long steel market from September up to the end of November, slowing down demand, putting pressure on the market and pushing prices downwards. However, outputs are being reduced in certain areas and demand in the global long steel products market is now at reasonable levels although purchasing processes in general have been delayed or even fragmented due to the general price downtrend.... Read More
Russia extended antidumping investigation on rebar imports from Ukraine
The Euroasian Economic Commission has announced that Russia has extended its antidumping duty investigation on reinforcing bar imports from Ukraine for another three months. Accordingly the investigation will last until February 19th, 2015. The investigation was initiated on November 20th, 2013 by the Department of Protection of Domestic Market under the Eurasian Economic Commission. 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
Destination St.Petersburg, Russia for our 65th meeting
The 65th IREPAS meeting will take place in St.Petersburg, Russia. The second gathering of 2011 will be held at the Corinthia Hotel St. Petersburg between September 25-27, 2011. Please check www.SteelOrbisEvents.com for further information. Read More