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UK Prime Minister indicates steel import safeguards will be extended
Tue, 28 Jun 2022 00:00:00 GMT
As the market awaits the UKs formal approval of steel import safeguards by the end of June, UK Prime Minster Boris Johnson indicated in his speech at the G7 Summit in Germany that steel tariffs will likely be extended to protect the British steel industry. Johnson told the summit June 26 that the UK

UK government proposes to extend steel quotas and tariffs
Fri, 24 Jun 2022 00:00:00 GMT
Britain proposed on Thursday to extend for a further two years a package of tariffs and quotas on five steel products to protect domestic steelmakers. A year ago, Britain introduced new regulations to protect its steel industry, which employs nearly 34,000 people and generates about $2 billion in turnover each year. Removal of the steel safeguard measure would likely result in an increase in imports and therefore would result in serious injury or the threat of serious injury to UK steel

EU Parliament's CBAM stance hits EU steel, aluminum competitiveness: ...
Fri, 24 Jun 2022 00:00:00 GMT
The European Parliaments latest proposal to formalize a regional carbon market including a Carbon Border Adjustment Mechanism import control risks hitting the EU steel and aluminum sectors competitiveness and undermining their decarbonization efforts, industry representatives said June 23. The EP June 22 agreed on its position on proposed reforms to the EU Emissions Trading

EU court upholds Commission's Tata-thyssenkrupp merger prohibition
Fri, 24 Jun 2022 00:00:00 GMT
The General Court of the European Union has upheld the European Commissions decision in 2019 that the proposed Tata Steel Europe-thyssenkrupp joint venture would be incompatible with the internal market and the European Economic Area. The rejection of the merger had been anticipated by the two companies, who called off the merger plan in

Safeguarding green steel in Europe: Facing the natural-gas challenge
Thu, 23 Jun 2022 00:00:00 GMT
European steelmakers need to reconsider their decarbonization strategies because of rising natural-gas and electricity prices, as well as potential limitations on the natural-gas supply. Over the past two years, nearly all European flat-steel players have announced the gradual replacement of their coking-coal-based blast furnaces (BFs) with direct-reduced-iron (DRI) plants to decarbonize their steel production. The more than 16 DRI plants currently announced represent more than 25 million

European HRC market pessimistic on negative fundamentals
Fri, 17 Jun 2022 00:00:00 GMT
Negative sentiments settled in the EU HRC market June 16 with fundamentals unlikely to change in the near term, sources reported. The Platts Northwest European hot-rolled coil assessment fell from Eur900/mt ex-works Ruhr to Eur875/mt ex-works Ruhr on the day, according to data from S&P Global Commodity Insights. Although no deals for German material

EU starts expiry review of anti-dumping measures on rebar from ...
Fri, 17 Jun 2022 00:00:00 GMT
The European Commission (the Commission) has initiated an expiry review of its anti-dumping measures on rebar imported from Belarus, it said on Tuesday June 14.The definitive anti-dumping duties, set at 10.6%, were imposed by the Commission on June 16, 2017 and were scheduled to expire on June 17, 2022. The Commission started the expiry

Slitter line enables Tata Steel Hartlepool site processing
Wed, 15 Jun 2022 00:00:00 GMT
Tata Steel is investing into a new slitter line at its Hartlepooltube mill to process coils of steel delivered from its Port Talbot steelmaking site. Currently, wide steel slabs are slit in Port Talbot before being rolled and sent to Hartlepool to be turned into steel tubes. The project is expected to take more

Steel deliveries from EU service centers down in Jan-April: Eurometal
Tue, 14 Jun 2022 00:00:00 GMT
Shipments of flat steel products from service centers in the EU27 and the UK in the first four months of 2022 decreased by 0.4% year on year while shipments of long steel products tumbled 10.5%, according data released June 13 by Eurometal, the industry body for European steel distributors. At the end of April,

Weak demand drives EU HRC prices down
Mon, 13 Jun 2022 00:00:00 GMT
Domestic prices for hot-rolled coil in Europe declined June 10 due to weak demand from both end-consumers and distributors. Platts assessed HRC in Northern Europe at Eur940/mt ex-works Ruhr, down Eur10/mt day on day, according to data from S&P Global Commodity Insights. A trader reported deals at Eur940-950/mt ex-works Ruhr, and a buyer confirmed

Sanctions cut Belarus tinplate mill off from European market ...
Mon, 13 Jun 2022 00:00:00 GMT
EU sanctions on steel imports from Belarus are strangling the modern steel coil tinning plant in Miory, north of Belarus, built in 2020 with a view of supplying extra thin tinplate to the European market, an official at the mill told S&P Global Commodity Insights. Miory Metal Rolling Mill, Belaruss new and first tinplate

EU starts expiry review on anti-subsidy measures on HR flat steel ...
Fri, 10 Jun 2022 00:00:00 GMT
The scrap declining trend seen in May is continuing in June, following a significan't fall in Italy last month between 100-130/tonne ($107-139/t), says Italian trade association Assofermet in its monthly market note monitored byKallanish. The drastic reduction of orders for the finished product has pushed Italian mills to delay and in some cases suspend

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