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EU Steel Buyers Grapple with Safeguard Implications

The European Commission announced provisional safeguarding measures on imports of steel, prior to the start of the European summer holiday period. This created uncertainty at a time when many domestic mills are closed for several weeks, across July and August. Limited order volumes are usually placed, at this time. However, MEPS predicts higher than normal market activity across the industry, this month.

The provisional Read More

EU Steel Prices Rise Despite New US Import Taffif Announcement

The recent US announcement of a 25 percent tariff on steel imports certainly created a great deal of speculation and uncertainty in the EU market. It dominated discussions during MEPS research, in March. However, purchasing and prices were not directly affected by the news. E uropean strip mill product basis values continue to move up. Figures are still below the steelmakers’ proposed minimum target levels but producers appear Read More

European Steel Prices Rise as Foreign Competition Wanes

Strip mill product basis prices continue to move up in northern and southern Europe, in February. Regional producers propose further rises, in order to achieve their new target values. Imports are playing only a minor role in the market, at present, as a result of trade defence measures and unattractive quotations from third country suppliers. Delivery lead times from domestic steelmakers have extended, although no shortages are reported. Read More

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