Amended EU safeguard measures to result in HRC import volume drop, hurt independent distributors, Assofermet says

The proposed changes to existing EU safeguard measures for hot-rolled coil would result in a drop in import volumes and consequently injure independent distribution in Europe, Italian steel distributors’ association Assofermet said in a letter to the European Commission (EC).

In late May, the EC presented a draft of the new safeguard measures to the World Trade Organization, which will go into effect after June 30.
“The Commission’s proposed amendments for product category 1 [HRC] would result in a considerable reduction in the volume of imported hot-rolled flat products into the EU, which would have a detrimental impact on the economic situation of EU independent users, importers, distribution and service steel centers,” Assofermet said.

According to the proposed amendments, global quarterly quotas currently in place would be changed to country-specific quarterly quotas for countries that exceeded 5% of total material deliveries in the reference period of 2015-2017. This means that Turkey, Russia, Serbia, India and South Korea would get...

News No: 9705
Date: 2020/06/14 - 00:39
News Source: Metal bulletin

European Commission  Italian steel distributor  HRC  World Trade Organization 


Leave a Comment:


Railway transports 6,300 wagons of goods between Iran, Turkey in 70 days

According to Rouhollah Latifi, Iran’s exports to Turkey via railway stood at 3,072 wagons of goods and its imports from the neighboring country reached 3,228 wagons during the mentioned period of time.

Eurofer seeking CVD on Turkish HRC

European steel association Eurofer has filed an anti-subsidy complaint against Turkish exporters of hot-rolled flat steel with the European Commission, alleging that low-priced and subsidised imports are harming the European market.

EUROPE HRC: Domestic prices fall in the north

Domestic prices for hot-rolled coil in Northern Europe went down day on day on Friday May 29 due to poor demand.

Vietnam: Hoa Phat Eyes 500,000 MT HRC Output in CY’20

Vietnam’s leading steel producer Hoa Phat Group plans to produce 800,000 MT billets and 500,000 MT HRC this year and expects HRC products to be supplied to the market by Sep’20.

European Commission working on sustainable battery rules

A report by S&P Global Platts states that the European Commission plans to propose EU sustainable battery rules by October.

Metso-Outotec merger cleared by European Commission

Metso and Outotec Oyj received on Wednesday an unconditional merger control clearance from the European Commission for the combination of Metso’s Minerals business with Outotec.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners