Uncertainty in the global long steel products market has increased sharply due to the ongoing conflict in the Middle East, according to the International Rebar Exporters and Producers Association (IREPAS).
The association said supply chain disruptions and rising energy costs have pushed prices upward, while demand remains weak as the duration and potential expansion of the conflict remain unclear.
In Europe, steel producers have attempted to raise prices, but the increases have not triggered panic buying, as the market is only gradually recovering from the winter slowdown.
Meanwhile, imports into the EU have become riskier due to uncertainty surrounding the Carbon Border Adjustment Mechanism (CBAM) and the future of safeguard measures beyond June 2026.
In Turkey, construction activity remains slow and steel exports have declined by about 20% year on year, prompting local mills to adjust production capacity in response to weaker demand.
IREPAS concluded that geopolitical tensions and growing protectionism are making the global long steel market outlook increasingly unpredictable.
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