07
Apr
21:18
Supply concerns drive distorted longs market: Irepas
Supply concerns, rather than demand, are driving the long products market again, as they were in 2021, but this time because the Ukraine war has altered ferrous trade flows almost overnight, distorting the market. So says the International Rebar Exporters and Producers Association (Irepas).
“Hot rolled coil prices ex-China are lower than slab prices, which in turn are lower than prices of basic pig iron,” Irepas says in its April short-range outlook se…
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Anonymous
Very good overview of the weekly steel market.
Anonymous