EU launches AD review on Severstal’s HRC
The European Commission stated that in accordance with the requirements from the European Steel Association (EUROFER), it is carrying out a partial mid-term review of the current 5.3% anti-dumping (AD) duty on hot-rolled coils imported from Severstal of Russia. Eurofer provided evidence that Severstal had changed its business model to increase exports to the EU. […]
Northern Ireland fails to find solution on import tariffs
The British government and the representative of the steel industry haven’t found the solution to the steel import tariffs of Northern Ireland. The steel products exported from the European Union (EU) to Northern Ireland still enjoy a policy of duty-free and quota-free; however, steels from the UK are subject to the EU quota restriction. In […]
Optimistic about EU-Taiwan BIA
According to the announcement from one of the officials in Taiwan, the Taiwanese government was currently optimistic to reach a Bilateral Investment Agreement (BIA) with the EU. However, the total number of countries in the EU was counted as over 20, which caused the process to be slow, and Taiwan was currently striving for more […]
EUROPE Cold Rolled Steel: Domestic prices rise on long lead times, high import offers
Domestic cold-rolled coil prices in Europe jumped , due to a shortage of locally produced material and a lack of imported alternatives. Fastmarkets weekly price assessment for steel CRC, domestic, exw Northern Europe was €780-800 per tonne on January 14, up by €60-90 per tonne week on week from €690-740 per tonne.The assessment reflects achievable […]
Italian re-rollers target higher prices, German prices stable
Italian re-rollers have been targeting higher prices for heavy steel plate because of rising costs for steel slab feedstock, while German mills have kept their offers largely unchanged. Official offers of heavy plate from Italian producers have been heard at €620-650 per tonne ex-works. But no deals have been concluded in this range because buyers […]
European steel coil market set for Q1 price boost
The European steel coil market was set to see higher prices early in 2021, with EU mills sold out until the second quarter and lead times extending as far out as May, industry sources said. Hot-rolled coil, cold-rolled coil and hot-dipped galvanized products have become difficult to acquire, with buyers who once relied primarily on […]
Steel prices could peak in 2021
With demand forecast to grow 8 percent, steel prices could hit a four-year peak this year before falling as global demand stabilizes, experts say. Steel prices are expected to maintain a positive momentum after their recovery in mid-2020, and rise in the coming months as global demand recovers and major producers worldwide experience supply disruptions […]
Italian Eusider Group acquires welded pipe producer Bidue
Eusider Group, owned by the Anghileri family, announced that it has acquired 100% of the capital of Bidue, a manufacturer of high-quality welded pipes in Melara, Rovigo, Italy. According to Eufrasio Anghileri, CEO of Eusider, Bidue has huge profitability, powerful capabilities in internationalization, and the ability to produce products with high quality, which is essential […]
ArcelorMittal to increase production at Sestao steel plant in Spain
ArcelorMittal decided to increase its crude steel production at its Sestao steel plant this year, which is located in Spain. After the expansion of production, the Sestao steel plant may be able to occupy almost half of the 1-million total annual production of ArcelorMittal. Meanwhile, if the prospect remains optimistic, the production of the mentioned […]
Turkey initiates AD investigation on hot-rolled steel plates from EU
The Ministry of Trade of Turkey issues an announcement on January 9, 2021 that it decided to initiate an anti-dumping (AD) investigation on hot-rolled steel plates originating in the EU. The products involved are under customs tariff headings 7208.10.00, 7208.25.00, 7208.26.00, 7208.27.00, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.00, 7208.40.00, 7208.52.10, 7208.52.99 , 7208.53.10, 7208.53.90, 7208.54.00, 7211.13.00, 7211.14.00, […]