Revista InfoAcero Julio 2024
En el siguiente enlace pueden acceder a la edición de Julio de nuestra revista INFOACERO
Destacamos a continuación algunos de sus contenidos:
- Opinión – D. José López de Diego- Junta Directiva UAHE
- Información Asociativa: Resumen Jornada UAHE 4 de Julio- Asamblea General, Conferencias y Premios UAHE 2024
- Metal– Informe de Coyuntura Confemetal Julio – Actividad Productiva y Comercio Exterior
- Formación UAHE: cursos programados septiembre y octubre 2024
- Próximos Eventos: 20 º Fórum Productos Siderúrgicos- 16 Octubre, Castelldefels; Kallanish Flat Steel-17 Octubre, Estambul
European HRC market remains weak amid persistent demand lull
European hot-rolled coil domestic prices remained largely unchanged July 30, as weak market fundamentals persisted, with sources noting that mills need to cut capacity to support prices.
“There is very low interest in purchasing,” a distributor source said.
Sentiment remained mixed over the outlook on prices, with some sources noting that they are yet to bottom out, and others disagreeing.
“I don’t think prices will go down [below Eur600],” a trader source said.
Sources also noted that mills need to cut production to support prices, although the likelihood of this, particularly in Southern Europe, remains unknown.
“I hope [mills] cut production for prices, but in Italy it is difficult it will happen,” a trader source said. “It is one of the hardest times to make forecasts.”
Platts assessed Northwest European HRC at Eur620/mt ex-works Ruhr July 30, down Eur5 on the day.
Tradable values were reported at Eur620/mt EXW Ruhr, and at Eur590-600/mt for larger volumes.
Meanwhile, Platts assessed domestic HRC prices in Southern Europe at Eur620/mt EXW Italy July 30, stable on the day.
Tradable values were reported at Eur620-640/mt.
Geraint Moody | Devbrat Saha
EC notifies Vietnam of HRC dumping complaint
The European Commission said it has notified Vietnam that it has received a complaint for the initiation of an anti-dumping investigation into imports of hot-rolled coils (HRC).
The commission did not identify who filed the complaint against Vietnam.
Should a probe be launched, the commission may decide to pick a sample of exporters to investigate because of the large number of producers from Vietnam.
Market participants have expected an EU investigation into Vietnamese HRC imports since volumes started picking up. Last year Vietnamese imports of HRC into the EU rose to 1.13mn t, from 400,000t in 2022. Vietnam has frequently been the lowest-priced supplier on the market, targeting primarily large buyers and pure commodity grade coils. Since the launch of the Argus HRC cif Italy origin differentials earlier this year, Vietnam has traded at a discount.
There is talk that an investigation into Vietnamese hot-dip galvanised (HDG) could be launched too, and a probe into HRC imports from major ‘other countries’ such as Taiwan, Japan and Egypt..
Vietnam itself has this week launched a dumping investigation on imports of HRC from China and India and previously into HDG from China.
By Lora Stoyanova
