IREPAS chairman: Rising protectionism and geopolitical tensions challenge global steel trade

Monday, 27 April 2026 11:28:03 (GMT+3)   |   Istanbul

Ioannis Manessis, chairman of IREPAS, the global association for longs producers and exporters, has given the welcome speech at the SteelOrbis Spring 2026 Conference & 94th IREPAS Meeting taking place in Amsterdam on April 26-28. The conference has attracted over 350 participants, including 99 representatives from 41 steel producers coming from 20 countries and 86 delegates from 41 raw material suppliers.

Delivering a brief farewell speech, former chairman Murat Cebecioğlu marked the end of his 10-year tenure, highlighting the significant transformations the global steel industry has undergone during this period. He noted that the industry has had to navigate persistent uncertainties, while IREPAS has strengthened its position as a respected voice in the international steel community. Emphasizing that leadership is about continuity, Mr. Cebecioğlu expressed confidence that the association will continue to grow stronger and more influential in the years ahead, adding that serving as chairman has been a privilege.

In his opening remarks, newly appointed chairman Ioannis Manessis stated that he hopes to meet expectations in his new role, noting that he has been actively involved in IREPAS since the early 2000s and is committed to serving the association to the best of his ability.

Mr. Manessis underlined that the industry is currently facing highly challenging and uncertain conditions, pointing to ongoing geopolitical conflicts, particularly in Ukraine and Iran, which are having significant consequences for global steel trade. He noted that these conflicts are impacting both demand and supply through disruptions, while also contributing to elevated energy costs and freight rates.

At the same time, Mr. Manessis highlighted the increasing trend toward protectionism, stating that the US continues to implement restrictive import policies, the EU is tightening quotas, the UK is introducing its own measures, and countries such as Egypt are restricting billet imports. According to him, countries are increasingly taking steps to protect their domestic industries, while also becoming more active in supporting local production.

Touching on broader industry priorities, the IREPAS chairman stressed the importance of maintaining the ability to operate, trade and invest, while ensuring sustainability and environmental protection.

Regarding market fundamentals, he noted that global long steel demand remains subdued, while raw material and energy costs are increasing. He added that China and other Asian countries continue to export significant volumes amid high production levels, further weighing on global markets. At the same time, he indicated that it is still too early to make firm projections regarding demand.

Manessis also pointed out that a prolonged conflict in Iran could have serious implications for both Europe and Asia due to their dependence on Middle Eastern oil and gas, adding that potential interest rate hikes could further pressure demand, particularly in the private construction sector. He noted that, if tensions in Iran persist, prices are likely to remain elevated.

In addition, he stated that trade conditions are expected to remain challenging amid high freight rates and increasing trade barriers.

Concluding his speech, Mr. Manessis emphasized that the steel industry has always been dynamic, demanding and fast-changing, but has consistently demonstrated a strong ability to adapt. He underlined that IREPAS provides a unique platform for industry participants to come together, overcome challenges collectively and foster a deeper understanding of the sector.


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