IREPAS in Monaco: The current crisis is a once-in-a-generation event

The 87th meeting of IREPAS (the International Rebar Exporters and Producers Association) was held in Monaco, on October 9-11, 2022, in conjunction with the SteelOrbis Fall ’22 Conference. There were 108 producer representatives from 40 different companies among the 407 registered delegates from a total of 48 different countries. There were also 69 registrations representing 43 different raw material suppliers. At the opening of the conference, Murat... Read More

Traders are no more allowed to export long steel products from Iran

Iran’s Ministry of Industry, Mine and Trade has announced that traders will not be able to export long steel products from Iran. According to market sources; the Iranian government will only allow steel producers and the producers who have official representatives in foreign countries to export reinforcing bars, wire rods, angles and beams.  Read More

Saudi Arabia ends export ban on steel products

Saudi Arabia has ended its export ban on cement and rebar since the construction industry in the country is suffering from the impact of lower oil prices, which has resulted in the government cutting back on spending on many projects, according to a report by Reuters. According to Reuters, among the conditions that firms in both the cement and steel sectors will have to meet in order to export goods is payment of the difference in energy costs between... Read More