DOHA, Qatar Spanish
steelmaker Celsa Group expects the global long products market
to improve in 2013, largely due to growth in developing
countries, a company executive said March 4.
Emerging markets are expected to
grow in the coming year, Kim Marti Subirana, international
commercial director at Barcelona, Spain-based Celsa, told
delegates at the International Rebar Exporters and Producers
Association (Irepas) meeting and SteelOrbis conference in
"We need to be optimistic that
2013 will be better than 2012, with developing economies in the
driving seat: the Middle East-North Africa (Mena) region, Asia,
Central and South America," he said. "Following a slowdown in
the second half of 2012, it now looks like (the long products
market) will regain momentum in 2013."
Although the market grew 5.8
percent year on year in 2012, the Celsa executive said, the
European market shrank by 9.6 percent compared with 2011.
"Rebar was the big winner in the
(2012) long product consumption mix," Subirana said. "This was
owing to good construction activity in emerging and developing
countries, powering 9.8-percent growth (vs. 2011)."
However, a lack of demand in the
construction sector weighed on the European rebar market, in
which consumption fell 8.4 percent year on year.
"Rebar consumption continues to
move from advanced to emerging markets," Subirana said.
European sections consumption
dropped 12.1 percent year on year, largely due to falling
investment in the region. European markets for merchant bar and
wire rod also fell 9.4 percent and 6.6 percent,
A version of this article
was first published by AMM sister publication Steel