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European Steel Industry News

EU distribution continues performing well in August
Thu, 14 Oct 2021 00:00:00 GMT
Shipments by European steel distributors continued to perform positively in August, according to the latest release by EUROMETAL. Flat steel service centre shipments increased 0.5% year-on-year in August. The recovery slowed down somewhat from the 3.4% y-o-y rise in July, but the overall January-August figure showed a rise of 18.3% y-o-y. Similarly, EU27+UK proximity

Crisis looms in Britain, steel makers warn
Wed, 13 Oct 2021 00:00:00 GMT
The British steel industrys lobby group warned on Monday of an impending crisis due to soaring wholesale energy prices which could force plants into expensive shutdowns, stoke emissions and sow chaos through supply chains. A shortage of natural gas in Europe had sent prices for electricity and gas soaring, triggering sharp rises in the prices paid by people heating their homes or for major heavy industrial plants smelting steel. These extraordinary electricity prices are leading to smaller

German steel pricing sentiment bearish, higher Q4 stocks seen
Mon, 11 Oct 2021 00:00:00 GMT
German steel producers, end-buyers, distributors and traders were found to be mostly bearish on pricing over October, according to a monthly survey of sentiment in the countrys steel sector conducted by S&P Global Platts for October. Most participants also agreed on expectations for higher inventories as lack of automotive demand, with a build-up of

Coal-based steelmaking to persist despite green rhetoric: Eurocoke
Mon, 11 Oct 2021 00:00:00 GMT
Despite the green steelmaking rhetoric in Europe, the regions steelmakers will remain dependent on coal for some time to come, while producers in developing economies will continue investments into new coal-based capacity. So said speakers at last weeks Eurocoke Summit in Amsterdam. The green hydrogen-based direct reduction-electric arc furnace route can reduce carbon emissions

Ukraine: Interpipe sells first wheels to the Netherlands
Fri, 08 Oct 2021 09:45:21 GMT
Interpipe has for the first time shipped railroad wheels to the Netherlands. In September, a trial batch of wheels with the diameter of 840 mm made according to EN 13262 was shipped to GBV. Now Interpipe is preparing to start producing an industrial batch of wheels for the new customer. Wheels will be used

Cold heading steel market stabilises in Europe
Mon, 27 Sep 2021 00:00:00 GMT
Extended mill delivery lead times continue to support European cold heading quality (CHQ) rod prices. This is despite a recent reduction in raw material expenditure, notably for iron ore and ferrous scrap. MEPS understands that most transactions, for 20MnB4 grade material, are taking place at 950/1000 per tonne unchanged from the figures registered in August. Supply in most European countries is tight. Many customers report that they remain on allocated volumes. Away from contractual

SPD's Scholz offers steel sector help as German election race ...
Thu, 23 Sep 2021 18:22:01 GMT
By Tom Kaeckenhoff DUISBURG, Germany Reuters - German Social Democrat (SPD) candidate for chancellor Olaf Scholz promised on Thursday to help the steel industry convert to

EU, Turkish steel mills concerned over record-high energy costs
Mon, 20 Sep 2021 00:00:00 GMT
European and Turkish steel mills raised concerns this week over record-high electricity and gas costs across Europe, as customers hoped for softened steel prices as the scrap market weakened. S&P Global Platts assessment for Southern European shredded scrap was at Eur432.50/mt delivered for September contracts, down sharply from Eur480/mt for August. In Northern Europe, Platts September assessment for domestic shredded scrap was at Eur397.50/mt delivered, down from Eur440/mt in August.

Europe should temporarily suspend steel tariffs to help industry ...
Sun, 19 Sep 2021 00:00:00 GMT
Europe should temporarily suspend its tariffs on imported steel to head off shortages and avoid harmful effects on industry, Italian Industry Minister Giancarlo Giorgetti said on Friday. Asked if Rome planned to intervene in the 25% tariff scheme, Giorgetti said that Europe had prioritised the interests of the steelmakers during the health pandemic without realising this could have serious knock-on effects on supply. The situation is unsustainable this measure should be temporarily

U.S. proposes tariff-rate-quota system to resolve steel tariff ...
Mon, 13 Sep 2021 00:00:00 GMT
The United States has submitted an initial offer to the European Union (EU) that involves a tariff-rate-quota system to resolve a three-year dispute over steel imported from the bloc, Bloomberg reported on Friday, citing a person familiar with the situation. U.S. and EU officials will discuss the issue at the inaugural meeting of the U.S.-EU Trade and Technology Council on Sept. 29 in Pittsburgh, the report said, adding the U.S. initial offer pertained to steel only and didnt include

Italian beams, merchant bar prices flatten
Mon, 13 Sep 2021 00:00:00 GMT
Italian beams and merchant bar remain stable despite the declining values of rebar, scrap, and coils in the country,Kallanishnotes. Market sources say merchant bar is still traded at August prices of 460-490/tonne ($544-580) base ex-works. Large buyers are however waiting for prices to fall and have put off their purchases. Demand is said to

German mills bullish on steel prices, buyers sentiment toward ...
Mon, 06 Sep 2021 00:00:00 GMT
German steel producers are expecting a slight rise in steel prices over the coming weeks, while traders and end-buyers expect a stable pricing environment amid concerns over automotive demand and high volumes of imported material, according to Platts monthly German steel sentiment survey. The survey, conducted at end of August and the beginning of September, showed the overall expectation for steel prices at 56, with producers the most bullish at 67. Traders and distributors as well as

Number of European news reports: 12
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Steel industry news headlines and media reports from Europe.