OUTLOOK: Prospects for global long-steel market remain positive, Irepas says

The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.

The association's September 9 report listed several positive factors, most notably the improving supply-demand balance in the major markets, planned infrastructure investments worldwide, and the growing number of people vaccinated against Covid-19.
"In the global long steel-products market, there are signs that supply has caught up with demand and that the supply-demand balance is becoming more neutral. The market seems to be getting back to normal in terms of lead times, prices, etc," the association said.

In the US particularly, demand for long steel is high, while supply seems...

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