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Home Steel News IREPAS keeps confidence with long steel products market
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IREPAS keeps confidence with long steel products market

13 Mar 2019 15:13 reported by Alston Tsai

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International Rebar Exporters and Producers Association (IREPAS) remained confident in long steel materials for this March. Under the impact of trade protection barriers, sluggish demand has affected market price weakness. However, IREPAS believed that the long products in global market have not yet been restricted by import quotas and tariff protection measures, and future demand was still positive.

In the first quarter of 2019, the purchasers were cautious to put orders or delay buying schedule, so the price of long product did not have a strong rise.

In the EU, current prices of rebar, wire rod, profile and pipe were lower than the beginning of this year. Though, there have been some slight increases in recent weeks, without effective results in the end, and market participant said that the reason for increased price was not driven by demand growth.

In addition, rebar offers from the steel mills in the US and Southern China have risen in March, and domestic demand in China was strong. IREPAS believed that tariff protection measures will gradually reach an agreement between China and the US, and maybe the conclusion will be came out this summer .

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