The world demand for reinforcement and katanka will grow next year - IREPAS

At the last Steelorbis Fall session, which took place on September 22-24, 2013 as part of the 69th IREPAS meeting in Istanbul, Kim Marty Sable, the International Commercial Director of the Celsa group and the chairman of the Armenian and Katanka manufacturers, said that the global demand for this product is growing, with the prospect of further increase next year.

The fact that Europe gets out of the recession contributes to a more positive prognosis in construction, which will stimulate a higher demand for steel. Marty added that the prospects for the development of the economy in the USA, Europe and Japan are positive, and since these three countries account for more than 70 percent of the global GDP, the general forecast for the global economy is considered favorable.

The representative of Celsa The Group noted that European factories carefully adjust their capacities in accordance with demand, and nevertheless, an excessive proposal is still the main problem in the global steel industry. Since in some regions the capacities continue to grow, for example, in China.

Marty, who was named as the new Irepas chairman during the Istanbul event, said that the markets had become in the Persian Gulf region, and, in particular, they work well in the UAE. He also pointed out a number of problems that the steel industry faces, namely, price volatility, excess capacity in industry, credit restrictions and trading barriers. In addition, trading markets have more and more zoned in nature.