IREPAS in Belgrade: Longs market outlook unclear amid coronavirus threat
The 82nd meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Belgrade, Serbia on March 1-3, 2020 in conjunction with the SteelOrbis Spring ’20 Conference. Unfortunately, the coronavirus outbreak had a negative impact on our 82nd meeting in Belgrade. After the news about the coronavirus cases observed in Italy by late February, many participants due to attend the 82nd IREPAS meeting decided not to travel to... Read More
Short Range Outlook : February 2020
Surplus supply and inadequate demand in global longs market There is still a surplus of supply and not enough demand in the global long steel products market. The profitability and margins of steel producers vary greatly between regions amid several factors such as the coronavirus outbreak and/or geopolitical issues like recent announcements relating to Israel/Palestine and Libya creating uncertainties for the future. Full impact of coronavirus in... Read More
The program of the 82nd meeting in Belgrade
Day 1: Sunday, March 1,2020 19:00 – 22:00 Welcome cocktail at Metropol Palace Hotel, Belgrade Day 2: Monday, March 2, 2020 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 10:15 SESSION ONE – Economic developments and expectations Marko Cadez, Chamber of Commerce and Industry of Serbia... Read More
Short Range Outlook : December 2019
Tight margins and cautious sentiment in global longs market despite output cuts at BFs There is still no clarity and no sign of economic recovery around the globe. Nevertheless, European and US production cuts at blast furnaces for extended periods have given much needed relief to the rest of the steel industry. The global long steel products market is picking up due to the production cuts, as anticipated. However, there may not be a considerable... Read More
IREPAS in Duesseldorf : Changing trade flows and market challenges discussed against backdrop of protectionism, trade conflicts and depressed conditions
The 81st meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Duesseldorf, Germany on September 22-24, 2019 in conjunction with the SteelOrbis Fall’19 Conference. There were 138 producer representatives among the 426 registered delegates from a total of 46 different countries. There were also 78 registrations representing 38 different raw material suppliers. At the opening of the conference, Murat Cebecioglu,... Read More
Short Range Outlook : September 2019
Global long steel market currently depressed amid more difficult circumstances The global long steel products market is depressed at the moment as circumstances are becoming more difficult. It has become a buyer’s market and is difficult to secure orders at reasonable prices. The problem lies more on the demand side rather than with supply, and, therefore, it might take longer for a balance to be reached. Steel prices decline amid sharp drops in... Read More
EU reduces increase in steel import quotas
The European Commission (EC) has announced that it has reduced the planned increase in the steel import quota rate from five percent to three percent in all product categories, as result of the review of the safeguard measures imposed on February 2. The EC indicated that steel imports in 2018 reached a record volume of 33.4 million mt, 5 million mt higher than the average for the 2015-2017 period and 3 million mt higher than for 2017 alone, which... Read More
The program of the 81st meeting in Duesseldorf
Day 1: Sunday, September 22, 2019 19:00 – 22:00 Welcome cocktail at Hilton Duesseldorf Day 2: Monday, September 23, 2019 09:00 – 09:15 Welcome address by Chairman of IREPAS 09:15 – 10:15 SESSION ONE – Global Markets: What are the future challenges and opportunities? - Global economic... Read More
Short Range Outlook : July 2019
Uncertainty still prevails in global longs market , while BOF production faces severe pressure The outlook for the global long steel products market differs for the scrap industry, the steel producing industry and for steel consumers. The market can be described as generally unstable as there is still a lot of uncertainty and even a tweet may turn a lot of things upside down. We are going through a tough period particularly for BOF-based producers,... Read More
Short Range Outlook : June 2019
Uncertainty in global long steel products market increases dramatically The uncertainty in the global long steel products market has increased dramatically. Nowadays, the most stable region is China, where steelmakers have been increasing their weekly production volumes, whereas the rest of the world is just trying to hang on. Ferrous scrap and iron ore price trends decouple completely Ferrous scrap and iron ore price trends have completely decoupled. Iron... Read More