The program of the 92nd meeting in Athens
Day 1: Sunday, April 27, 2025 19:00 – 22:00 Welcome cocktail at Athenaeum InterContinental Athens Hotel Day 2: Monday, April 28, 2025 09:15 – 09:30 Welcome address by Chairman of IREPAS 09:30 – 10:50 SESSION ONE – Critical changes in the global long steel markets and macroeconomic overview -... Read More
US officially imposes tariffs on Canada, Mexico and China
US President Donald Trump has imposed 25 percent additional tariffs on imports from Canada and Mexico and a 10 percent additional tariff on imports from China with the aim of ensuring national security and protecting the interests of Americans, according to a statement released by the White House. The tariffs in question will remain in force until the subject countries meet President Trump’s requirements. In the meantime should these countries... Read More
Short Range Outlook : January 2025
Pressure still rising in global longs market, some answers expected after January 20 The pressure in the global long steel products market is increasing as there is no positive news from China yet, while everywhere there is weak demand, market protection and excess capacity. Some questions about the future are expected to receive answers after Trump’s inauguration on January 20 Still no positive news heard from China Chinese export data for November... Read More
Short Range Outlook : December 2024
Global longs market enters holiday season, but deep uncertainties lie ahead next year The global long steel products market has mostly entered the holiday period. In many markets, business will start moving only after January 13. Many uncertain factors lie ahead for the post-holiday period, including the situation regarding Chinese exports, the actions likely to be taken by the new US administration and the difficulties faced by the steel industry... Read More
Short Range Outlook : December 2022
First quarter of 2023 could be very difficult for global long products market Raw material costs are increasing once again and energy prices are expected to be very high at least until March 2023. Mills are facing cost pressures once more in the global long steel products market. Business activity has been reduced during the past month and, even though scrap and iron ore prices have gone up, net margins have either at best kept pace or in some cases... Read More
Mexico extends antidumping duty on Ukrainian wire rod imports for five more years
Mexico’s economy secretariat, SE, extended existing anti-dumping (AD) duties over the imports of Ukrainian wire rod for five more years. SE said imports of the product, which falls under HS codes 7213.91.03 and 7213.99.99, will continue to be subject to a 41 percent AD levy. The decision follows a request from domestic producers Ternium Mexico, Deacero and TA 2000, formerly known as Talleres y Aceros, in August 2020. The extended antidumping duties... Read More
Ukraine increases export duty on ferrous scrap significantly
On December 2, 2021, Ukraine increased the export duty for steel scrap to €180/mt from the previously valid €58/mt. Earlier, there had been an initiative to raise the tax to €200/mt but the final rate was approved at a lower level. Ukraine-based steel producers had been lobbying for the export tax imposition and its gradual increase for some years now, claiming that strong export activity harms their costs and margins, while preference should... Read More
US signs phase one trade deal with China
The White House has announced that the US has signed the phase one trade agreement with China. As a part of the new agreement, China has pledged to increase imports of American goods and services by at least $200 billion over the next two years, and the trajectory is expected to continue even after 2021. China has also agreed to purchase between $40 and $50 billion in American agricultural goods each year for two years., According to the agreement,... Read More