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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

Eurofer welcomes adoption of EU steel safeguards proposal
Thu, 09 Jun 2022 00:00:00 GMT
European steel federation Eurofer has welcomed the adoption by EU member states of the European Commissions proposal to continue steel safeguard measures, saying it supported the stability of the EU steel market and ensured smooth supply flows. In a statement June 8, Eurofer Director General Axel Eggert said member states massive support for the

180 participants at EUROMETAL Steel Net Forum Iberia in Barcelona
Fri, 27 May 2022 00:00:00 GMT
EUROMETAL Steel Net Forum Iberia in Barcelona was attended by 180 participants. Undoubtedly another successful proof of close collaboration with the Spanish national federation UAHE. Delegates from all the steel value chain, gathered in Barcelona to learn matters such as safeguard measures in steel trade, cybersecurity, the impact of the Russian-Ukraine conflict on the

Ukraine war makes EU safeguard removal possible: Yuriy Rudyuk
Thu, 26 May 2022 00:00:00 GMT
The full repercussions of steel trade redirection following Russias invasion of Ukraine remain unknown, with the absence of supply from either country causing intense uncertainty for Europeansteel producers and traders, says Yuriy Rudyuk, an expert in international commercial law and anti-dumping and safeguard matters at law firmVan Bael & Bellis. The main question is

Turkish steel producers expect EU to remove safeguards following ...
Mon, 16 May 2022 00:00:00 GMT
The Turkish Steel Producers Association expects the European Commission to remove safeguard measures on steel products as a World Trade Organization panel supported the thesis that these are contrary to international trade rules. The removal of EU safeguards will contribute to the re-establishment of free and fair trade globally, as well as improve trade

EC to propose potential steel import safeguard changes late May ...
Fri, 13 May 2022 00:00:00 GMT
The European Commission is set to propose an updated European Union steel import safeguards regime later this month, with a view to effecting any changes in July, the EC said this week. The review is still ongoing and should be concluded and adopted in time for any changes to apply as of 1 July 2022, an EC spokesperson said in an email. The Commission expects to issue a WTO notification with the main elements of the proposal towards the end of May or early June at the latest. The system,

WTO recommends EU align safeguards with GATT
Tue, 03 May 2022 00:00:00 GMT
The EU should bring its definitive safeguard measure into conformity with the Agreement on Safeguards and the General Agreement on Tariffs and Trade (GATT 1994), a WTO Dispute Settlement Body panel has recommended. In March 2020, Turkey requested consultations with the EU pursuant to Articles 1 and 4 of the Understanding on Rules and

EU wire rod buyers worry over tight supply due to limitations ...
Thu, 21 Apr 2022 00:00:00 GMT
The import market for long steel products brought into the EU was already under strain because of the safeguard measures the bloc has imposed, but the sanctions against Russia and Belarus for their war against Ukraine have aggravated the situation, sources told Fastmarkets on Wednesday April 20. One result was that steel wire rod

STI/SPFA announced 2021 Safety Awards winners
Thu, 14 Apr 2022 11:22:00 GMT
Steel Tank Institute/Steel Plate Fabricators Association (STI/SPFA), Lake Zurich, Ill., has announced the winners of its Safety Awards for

EU second-quarter safeguard quota usage confirms import slowdown
Wed, 13 Apr 2022 00:00:00 GMT
EU imports of steel products subject to safeguard measures slowed in the first days of the second quarter, according to official EU data compiled by UK Steel. During the first eight days of April, as new safeguard quotas became available for the quarter, EU customs authorities cleared some 2.4 million tonnes of steel. This

Fortescue joins forces with Happiness Co to launch new wellness ...
Tue, 12 Apr 2022 00:00:00 GMT
Fortescue Metals Group (Fortescue) and the Happiness Co have joined forces to launch Fortescue Wellness online, a new initiative to support the health and wellbeing of the Fortescue

Number of health and safety news reports: 12
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