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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

EU Steel Prices to Reach Seven-Year High in Spring 2018

EU Steel Prices to Reach Seven-Year High in Spring 2018 European flat and long product steel selling figures increased, in January. Local mills raised their offer prices in an attempt to recoup recent rises in raw material costs. Further escalation in steel prices is anticipated, in the short term. Consequently, the MEPS EU average all products composite selling figure is expected to rise to its highest level since April Read More

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