Ecuador’s insulated longs market appears poised to rise

Thursday, 20 August 2009 02:29:41 (GMT+3)   |  
       

Ecuador’s long product market has been fairly stable for the last three months; however, as billet prices in the region are going up, long products are expected to follow. Relative insulation from imports, lack of producers (there are three in the country) and high taxes have allowed Ecuador's longs prices to remain high in relation to other Latin American countries. Rebar in Ecuador is sold for US$910/mt plus delivery and taxes. However, demand is not very strong, despite the high prices. Nevertheless, the market is expected to start improving soon as inventories have returned to normal levels, and billet prices are on their way up again. Demand is also projected to show some slight improvements in the coming months due to the recent start-up of various high-rise construction projects in Quito and Guayaquil.

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