Global market for long steels ‘tough': Irepas

Apr 10, 2013 | 12:12 PM | Sean Davidson

Tags  Irepas, International Rebar Exporters and Producers Association, rebar, long products, steel, Sean Davidson

NEW YORK — Output cuts by producers of long steel products in countries across the globe could help bring balance to an industry struggling to meet market challenges, according to a short-range forecast by the International Rebar Exporters and Producers Association (Irepas).

Market circumstances "are already very tough, and the outlook does not look very bright in the short term, but production cuts are expected to help achieve a restoration of the balance between supply and demand," the group said in an outlook released April 9. ....

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