Chinese Steel Exports to EU SurgeEducation
The European Union will suspend Moscow’s privileged trade and economic treatment, crack down on its use of crypto-assets and ban exports to Russia of EU luxury goods and imports of iron and steel goods, the head of the European Commission said on Friday (11 March). "Tomo...
Chinese producers have flooded international markets with cheap steel exports and depressed prices. Ultimately, strong internal Chinese demand generally creates higher steel prices, while weak demand leads to oversupply on the global markets and lower prices. Other Economies To a lesser extent, demand...
As part of the package of additions to sanctions first introduced in March 2022 it announced the introduction of an obligation on importers to provide proof that the iron and steel products imported to the EU from third countries do not incorporate banned steel inputs from Russia. This will be...
Title: Quotas may keep EU steel exports to US low, Summary: Low priced steel offers to the US from Europe are unlikely to lead to increased volumes as a quota agreement limits the continent's ability to sell significant volumes of steelinto
The China Iron and Steel Association (CISA) said in a trade report that China’s steel exports are expected to be more challenging, given the tougher trade environment across overseas markets. Chinese export volumes are likely to be subdued by preparations in the EU, Brazil and India ...
In addition to declining demand, an increase in steel imports further accelerated the decline of capacity utilization of the assets of EU steel producers. Historically, the EU-28 has been a net exporter of finished steel products—from 2010 to 2015, net exports ranged from one million to 13 ...
The European Commission (EC) has begun to register hot rolled coil imports from several countries. The EU’s executive arm said the imports are the subject of an anti-dumping investigation for April 1, 2023, to March 31. The registrations concern imports of the flat rolled product from Egypt...
sector, while carving out activities necessary for essential supplies to the EU. It imposes a broad prohibition on dealings with 12 Russian State Owned Enterprises ("SOEs") and related affiliates. New trade sanctions target imports from Russia of steel products and exports to Ru...
As scrap availability tightens through the decade, we anticipate that trade in the raw material will moderate significantly, to around 93 million metric tons by 2030, as domestic consumption rises and countries reduce exports. In particular, the US and EU scrap flow will take a major hit; for...