The United States and the European Union are planning to sign a green steel agreement
The United States and the European Union are planning to sign a green steel agreement that would promote the production of low-carbon steel. The agreement is expected to be finalized in the coming months and would be the first of its kind between the two trading partners. The agreement would focus on three main areas: […]
Romanian Ministry of Economy to support steel industry plans
Romania’s Ministry of Economy to Launch State Aid Programs for Energy-Intensive Industries The Romanian Ministry of Economy is preparing to launch two state aid programs for energy-intensive industries, including the steel industry. The programs will provide financial support from government and European funds to help these industries overcome their difficult economic situation. The state aid […]
European Council votes to complete CBAM legislation
The Council of the European Union (EU) voted on April 26, 2023 to pass the Carbon Border Adjustment Mechanism (CBAM). The CBAM is a new EU policy that will put a price on carbon emissions from imported goods. The CBAM is designed to prevent carbon leakage, which is the phenomenon of companies moving their production […]
The European Union (EU) has extended its anti-dumping (AD) measures on stainless steel tube and pipe butt-welding fittings from China and Taiwan to Malaysia.
The AD measures were originally imposed in 2016 after the EU found that these products were being dumped in the EU market at below fair market value. The measures have been in place ever since, and the EU has now decided to extend them to Malaysia. The decision to extend the AD measures to Malaysia […]
Turkey Launches Fourth Sunset Review of Anti-Dumping Duties on Tube or Pipe Fittings from Six Countries
The Turkish government has announced the launch of a fourth sunset review of anti-dumping duties on tube or pipe fittings from six countries: Brazil, Bulgaria, China, India, Indonesia, and Thailand. The review will assess whether the duties are still necessary to protect the Turkish industry from dumped imports. The first anti-dumping duty on tube or […]
European Commission agrees EUR 515 million to fund ArcelorMittal decarbonization of steel production
The European Commission has approved EUR 515 million in funding to help ArcelorMittal decarbonize its steel production in Spain and Germany. This funding is part of the EU’s hydrogen strategy, which aims to reduce the bloc’s dependence on Russian fossil fuels. In Spain, EUR 460 million will be used to partially decarbonize the steel production […]
The European Union has launched an investigation into whether to renew anti-dumping duties on corrosion-resistant steel imports from China.
On February 8, 2023, the European Union (EU) initiated a review of the anti-dumping measures applied to certain corrosion-resistant steels imported from China. This review comes as a response to a request made by the European Steel Association (EUROFER) on November 8, 2022. EUROFER claimed that if the existing anti-dumping measures were to expire, it […]
The Turkish Steel Industry: A Tale of Two Price Hikes
The Turkish steel industry has been through a roller coaster ride in recent months. In September 2022, the Turkish government increased energy prices, which caused a sharp drop in steel production. The industry was already struggling due to the global economic slowdown, and the price hike was the final straw for many producers. In an […]
US and EU reached steel and aluminum tariff quotas through TRQ
The United States and the European Union recently reached an agreement on steel and aluminum tariffs. The agreement, which was signed by the Office of the United States Trade Representative (USTR) and the European Commission, establishes a tariff-rate quota (TRQ) for steel and aluminum imports from the EU. Under the TRQ, the United States will […]
Preturile HRC din EU
Prețurile pentru rolele laminate la cald din oțel în Europa de Nord au crescut în cursul săptămânii până vineri, 19 februarie, susținute de comenzi importante pentru producătorii interni și de o cerere solidă din piata. În acelasi timp prețurile din sudul regiunii au fost stabile în aceeași perioadă. Calculat indicele zilnic al HRC din oțel, […]