It is reported that IREPAS, International Rebar Producers and Exporters Association, has predicted that global rebar and wire rod demand is growing, with further growth also expected next year. Mr. Marti who was named as the new chairman of IREPAS has positive an opinion to see the construction sectors will expect to improve with positive economic outlook especially for the US, Europe , Japan and UAE. However, global steel industry is also suffering from volatility of prices, overcapacity in the industry, credit restrictions and trade barriers. It still can be adjust once global economy conditions with financial crisis being improvement further.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66414&division=A4
