Steel producers at IREPAS: Global rebar demand is generally stable

Tuesday, 06 October 2015 15:26:03 (GMT+3)   |   Istanbul
       

Speaking on October 6 at the SteelOrbis 2015 Fall Conference & 73rd IREPAS Meeting in Rome, the chairman of the steel producers committee, Kim Marti, who is the international sales director of Spanish steel producer Celsa and also chairman of IREPAS, said that there have been two significant changes in the market: Turkey has become a net importer of billets from being a net exporter and billet exports from China have increased significantly. He added that when sanctions are fully lifted Iran will probably enter the billet market, but it is not clear when.
 
Mr. Marti stated that the producers committee believes that the CIS and China will remain major billet exporters, though their export volumes will not indicate significant changes. Commenting on rebar demand, he said that global demand is generally stable, with markets showing differences depending on the region.
 
According to the producers committee chairman, long products demand in Brazil has been negatively affected by the slowing down of the economy, also pulling down demand in South America, while in North America rebar demand stands at reasonable levels. Mr. Marti stated that the EU is still benefiting from lower oil prices, while demand from the construction industry in the region is recovering at the same time. Meanwhile, southern Europe is recovering, but production volumes are still low.
 
The committee chairman said that Turkey is the world’s second biggest rebar exporter after China, adding, however, that the export markets are shrinking in the Middle East because of political turmoil. On the other hand, the CIS markets are expected to stabilize in 2016 and exports will continue.

Similar articles

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

Iran’s steel exports up 7.6 percent in first 11 months of Iranian year

20 Mar | Steel News

Italy’s Feralpi Group to meet construction sector’s carbon-reduced rebar demand

20 Feb | Steel News

China comes back from long holiday with mixed signals

19 Feb | Flats and Slab

Iran’s steel exports up 9.1 percent in first 10 months of Iranian year

14 Feb | Steel News

Hyundai Steel to carry out long-term repair works on EAFs at Incheon and Dangjin

24 Jan | Steel News

Vietnam’s Hoa Phat posts 7.0 percent decrease in sales for 2023

09 Jan | Steel News

Vietnam’s Hoa Phat posts higher construction steel sales amid rising consumption

08 Dec | Steel News

Positive mood amid mixed fundamentals, property stimulus news boosts Chinese steel market

15 Nov | Longs and Billet

Turkey-based IDC posts net loss for January-September

08 Nov | Steel News