The Coalition of American Metal Manufacturers and Users (CAMMU) is calling on United States President Joe Biden to end the Section 232 steel and aluminium tariffs, a position that puts it at odds with groups representing domestic steel producers.
our data and market news is now available through the Fastmarkets platform
and a trial of this website is no longer available.
Our new delivery solution allows you to access the prices
and news that matters most to you in a way that delivers
value, quality and a unique, fully customizable view for you.
We are working hard to develop an experience that allows you to test drive
building your view of our data and news on the new platform.
In the meantime, learn more about us through any of the options below.
The European Commission has started an investigation review of existing anti-dumping measures for hot-rolled coil produced by Russian steelmaker Severstal.
The investigation was opened after the European steel association lodged a request, according to a notice published in the Official Journal of the European Union on Monday January 18.
In October 2017, the EC imposed fixed charges in the range of €17.60-96.50 ($21.25-116.52) per tonne as a definitive trade defense measure in the case against HRC originating from Brazil, Iran, Russia and Ukraine. Duties set for the material produced by Russian steelmaker Severstal were the lowest at €17.60 per tonne, and the producer was the only Russian mills that continued to export HRC to Europe, market sources told Fastmarkets.
After a rapid rise in domestic steel prices across Europe in the second half of 2020, market sources have been voicing concern that the situation will echo the scenario of 2008, when a price spike was quickly followed by a sharp fall.
Fastmarkets takes a look at the differences and similarities in the market situations of 2008 and 2020.
Domestic prices for both flat and long steel products increased dramatically in the second half of 2020. One of the main drivers was a shortage of both domestic and imported steel products after demand started to recover.
Due to Covid-19 lockdown measures across Europe in the first half of last year, a number of steelmakers had to idle capacities to balance supply with sharply declined demand. While electric arc furnace (EAF)-based long steel producers were quick to restart their facilities, blast furnaces remained shut for longer.