IREPAS in Athens: Global long steel markets face uncertainty amid trade shifts

The 92nd meeting of the International Rebar Exporters and Producers Association (IREPAS) convened in Athens from April 27–29, drawing over 500 delegates from 58 countries, including 143 representatives from 49 producers and nearly 100 from raw material suppliers.

In his opening remarks, IREPAS Chairman Murat Cebecioglu highlighted the global long steel market’s increasing challenges, citing unprecedented trade restrictions and tariffs. "The current environment is not bright, and competition is at maximum levels," he noted, describing the market as "unknown territory."

At committee sessions, industry leaders discussed the effects of shifting trade policies, high competition, and market uncertainties:

• Raw materials: Jens Björkman, chairman of the raw material suppliers committee, forecast a slower market in the second half of 2025, with EU green transition delays, variable scrap demand, and fluctuating iron ore prices. He also noted strong early-year US sales ahead of anticipated new tariffs.

• Trading: F. D. Baysal, chairman of the traders committee, reported challenging trade conditions in both the US and EU, with no expected reduction in US tariffs. Increased ASEAN exports to Europe were noted despite some restrictions.

• Production: Cebecioglu underscored the growing impact of Chinese exports on global prices and noted Turkish mills’ continued preference for billet imports due to competitive pricing. He also pointed to the GCC region’s emerging role as an exporter driven by overcapacity.

The event concluded with a consensus that market conditions remain unpredictable, shaped largely by evolving tariffs, trade policies, and competitive pressures.

Source: Irepas, Photo: Fotolia