Speech during the panel session on the last day of the Stilorbis 2025 Fall Conference and the 93rd IREPAS Meeting, held in Munich on September 28-30, F.
D. Baisal of SEBA International, Chairman of the Traders' Committee, summarized the Committee's findings on the overall steel market situation and addressed several issues related to global trade and cost structures.
reported that both steel production and exports from China have increased since 2023, Mr. Baiss noted that the country's exports have increased at a much higher rate than its production. He stated that there are no expectations for production cuts in China and that its domestic inventory levels remain at normal levels. In response to questions about how China is responding to trade barriers, he explained that Chinese manufacturers have started investing in production facilities in other regions, including Africa and South America.
, Mr. Baysal said that the high cost of energy remains a key problem for Turkish mills. He noted that in order to save energy and comply with CBAM regulations, Turkish manufacturers have started investing in solar and renewable energy sources, which are expected to reduce production costs. Meanwhile, stating that there are no clear plans in the EU to ease the requirements for the green transition, although delays remain possible, he commented that the CBAM will eventually be implemented, but to establish reference levels for both European and foreign mills. He added that despite the uncertainty, European manufacturers are already moving from blast furnaces to EAFS and investing in renewable energy sources such as solar energy and meeting future carbon needs.
, commenting on the protectionist measures, the chairman of the committee stated that the Trump administration, having reached 75-100 percent in some cases, as a result of unfulfilled measurements, in which they are in unfulfilled measurements, throughout the waning, as well as on the waning in the USA. The North American market is very limited. Arguing that he believes protectionist measures will continue for the foreseeable future, Baysal said there could be further barriers against cheaper Asian steel, but stressed that free trade remains the best option, even though current trends are moving in the opposite direction.
regarding prices, he emphasized that the current distribution of overstocks and segments costs about $200 or a little less. He suggested that this indicates a likely regression in scrap prices. He also compared
