Geography of the Forecast
- Global market
- South-East Asia and China markets
- Turkey, Russia, EU countries
- Middle East & North Africa
- Rebar and Scrap Metals Markets Conference
- Flat Steel Market Conference
- Field trips: visits to rebar producing factories
Market analysts from all over the world met for the 10th time to discuss the prospects for 2012 for metallurgical companies, steel and scrap metals traders, and consumers. Manufacturing and trading of steel, as well as metallurgical plants supplies with scrap metals were in focus.
Analysts and industrial experts from Russia and the world gave detailed analytical reports on Russian and global scrap metals market and metallurgy.
According to the results of 7 months of 2012 steel world crude production volume exceeded the figure of the previous year by 1%. It is mostly EU countries who show the decrease. Here Russia looks quite successful showing growth by 4.5%.
The biggest buyers of steel from Russia (first of all, semi products) - Turkey and Iran cut the purchases. Iran decreased the purchases because of financial sanctions. Turkey has found better suppliers such as the USA and China, which lead to the drop of its share in Russia's export from 14% to 3% as fast as in 3 recent years. In Asian and European markets there is recession. In EU steel prices can be lower than in China, what makes the importers to review their purchasing policy.
So, what to expect in 2013 in global market and regional markets, including Russian and Turkish markets? Who can say, what 2012 will bring to steel and scrap markets? What is the prices forecast?
Previously the event took place in Moscow, Russia. Why Istanbul has been chosen as the venue in 2012?
First of all, Turkey is a growing market that increased by 9% as compared to the previous year. Turkey has taken the 8th place having outrun Ukraine. And Turkey remains interested in supplies of steel and scrap from Russia. Secondly, there are plenty of industrial associations in Turkey that unite operators of steel, scrap, machine building, and other markets operators. All these associations and unions are invited to participate in the conference and share their experience as well as plans for the coming year.