Chinese output cuts will boost global long steel market in Q1 2018, Irepas says

Global demand for long steel products is now better “compared with previous months [because] exports from China are still far from putting too much pressure on the international market,” according to the International Rebar Exporters & Producers Assn (Irepas).

“The long [steel] products market is very stable and showing positive signs for the first quarter [of 2018] as well,” Irepas said in a short-range outlook paper published late last week.

China’s steel production cuts for the period from November 15, 2017, to March 15, 2018, are creating expectations of tighter domestic supply in...

Published

Viral Shah

December 05, 2017

17:38 GMT

London