Irepas sees more stability in long products in 1st qtr.

Jan 15, 2013 | 06:28 PM | Elfi Middelbeek

Tags  International Rebar Producers and Exporters Association, Irepas, rebar, rebar producers, rebar exports, demand, raw materials, Elfi Middelbeek

LONDON — The global market for steel long products will likely show greater stability in the short term due to a rise in activity since the start of the year, the International Rebar Exporters and Producers Association (Irepas) said, expressing optimism that worldwide demand will rise amid higher raw material prices.

"Increasing raw material prices are stimulating undecided buyers to book tonnages now, on a bigger scale and with even longer lead times," the association said. ....

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