Day: 30 May 2025

The European Commission has imposed anti-dumping duties of up to 62.3% on flat-rolled products of iron or non-alloy steel plated or coated withtin originating from China.

The commission announced the final ruling in the Official Journal of the European Union on 28 May, with the measures entering into force thefollowing day.

Products subject to the anti-dumping duties fall under the EU Combined Nomenclature (CN) codes 7210 11 00, 7210 12, ex 7210 70, 7210 90 40, ex 721090 80, 7212 10, and ex 7212 40 (with TARIC codes 7210701015, 7210708020, 7210708092, 7210908020, 7212402010, 7212408012, 7212408030, 7212408080,and 7212408085).

The European Commission launched an anti-dumping investigation into the goods in question on 16 May, 2024, following a complaint lodged by theEuropean Steel Association on 2 April, 2024. That was followed by the imposition of provisional anti-dumping duties on tinplated products originatingfrom China on 14 January, 2025.

The dumping investigation period for this case was 1 April, 2023–31 March, 2024.

Source: McCloskey by OPIS                                                                                                                           © 2025 Dow Jones Energy Limited

Domestic hot-rolled coil prices in Europe moved further down in the week to 30 May, under pressure from competitive imports.
McCloskey’s weekly marker for domestic HRC prices in Northwest Europe dropped by €5/t on the week to €620/t ex-works.
Deals have been reported at €620/t ex-works Northwest Europe, while market participants estimated achievable prices at €615-640/t ex-works. A Benelux-based re-roller has been offering HRC at €600/t ex-works, providing their traditional discount compared with the integrated mills.
Official offers have been heard at around €650/t ex-works Northwest Europe.
McCloskey’s weekly marker for domestic HRC prices in Italy also decreased – by €10/t on the week to €590/t ex-works.
Deals have been reported at €580-600/t ex-works Italy.
Some market sources also pointed to low demand as a contributing factor to the price decline and that mills have been willing to sacrifice prices to
secure sales. The current bearish market has led to buyers avoiding bookings, further intensifying downward pressure.
“The sentiment is negative, and the only question is – where the price bottom would be?” an Italian trader said.
Other market participants, however, said that demand remained stable but due to the wide gap between domestic and import prices, EU mills had to reduce prices.
“Prices are slowly sliding down, but there is no freefall. There is some demand, the mills gradually fill order books and domestic prices go down to
narrow the gap with import offers,” a mill source said.
Amid the bearish mood in the European market, buyers have also been more cautious in their bookings of imported coil due to risks related to trade measures and the carbon border adjustment mechanism (CBAM).
The European market is expected to be less exposed to imports in the second half of the year due to impact of the upcoming CBAM implementation, market sources said. Importers will have to pay CBAM duties for material that will arrive in 2026.
If the material arrives late or has to remain in EU ports until 2026 due to safeguard quotas being filled, importers would be exposed to the CBAM
duties. Market sources estimated the duties at €30-80/t (https://mccloskey.opisnet.com/content/article/european-coil-and-green-steel-round-9)
depending on the production route and embedded emissions.
“Mills are chasing orders, sometimes near or below breakeven. Buyers are cautious, expecting more drops; imports are attractive but CBAM and
safeguard risks are still a concern,” a distributor said.
In Italy, HRC offers from Turkey have been reported at €530-550/t CIF, including anti-dumping duties, from Algeria at €530-540/t CIF, from India at €530-550/t CIF. HRC from Indonesia remained the cheapest, offering at €510/t CIF Italy. Some sources also reported offer from an Indonesian
steelmaker at €490/t CIF Italy, but majority of market sources said that such prices have been only available for big buyers.

Green steel market
Despite a higher number of enquiries for green steel reported, transactions have remained limited. Higher activity was reported in Scandinavia and
Benelux.
Market sources estimated workable premiums for green HRC at €60-100/t for the material with CO2 content around 0.8 mt under scopes 1-3 and
available in the spot market.
McCloskey’s reduced carbon market, calculated in reference to all green HRC premium indications reported in the week to publication, stands at
€62.26/t as of 30 May.
Green HRC from Turkey have been offered to Northwest Europe at €600/t CFR Antwerp, for the material with CO2 content around 0.9 mt.

Maria Tanatar
Associate Director, Steel
and Green Steel

In April this year, producer prices in French industry were down by 4.3 percent month on month and down by 0.8 percent year on year, according to the statistics released by France’s National Institute of Statistics and Economic Studies (INSEE).

Producer prices for manufactured products in France fell by 0.5 percent in April compared to March and decreased by 0.2 percent year on year.

In the given month, prices for exported manufactured products fell 0.8 percent and prices of exported transport equipment decreased by 0.9 percent, both month on month. On year-on-year basis, in April prices of exported manufactured products went down by 0.2 percent, while prices of exported transport equipment saw a 1.8 percent increase.

Meanwhile, import prices for manufactured products in France in April fell by 0.6 percent month on month and decreased 1.1 percent year on year.

steelorbis.com

According to the Spanish steelmakers association UNESID, in March this year Spain’s steel production totaled 1.19 million mt, up by 13.3 percent month on month and by 17.0 percent year on year.

In the first quarter of this year, the country’s steel production totaled 3.28 million mt, compared to 2.91 million mt recorded in the same period of 2024.

In the given month, the Spanish steel industry recycled 977,000 mt of scrap to be used for new steel products, rising by 17.4 percent compared to the previous month and by 15.8 percent year on year. In the first three months of the current year, the industry recycled 2.61 million mt of scrap.

steelorbis.com