EU steel safeguard quotas see 75% take-up
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EU steel safeguard quotas see 75% take-up

Published: 11 Jun 2019

Around 75% of European tariff-free quotas for the period ending 30 June have now been filled, Kallanish learns from the latest European Commission (EC) official data. The quotas were set earlier this year as part of the EU’s permanent safeguard system. Overall some 10.2 million tonnes of quotas were available in the period ending 30 June 2019. A total of 7.7mt

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Russia may implement scrap export quotas

Published: 11 Jun 2019

The Russian Industry and Trade ministry is working on a proposal to restrict the export of ferrous scrap. This is to be done by implementing regional quotas, deputy minister Victor Evtuhov is quoted as saying on the fringes of an industry event in Lipetsk last week. In addition, the ministry is considering moving scrap trade to

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European Commission prohibits Tata-Thyssen merger

Published: 11 Jun 2019

The European Commission will not allow the proposed merger between German steelmaker ThyssenKrupp and Tata Steel’s European operations to go ahead, because the firms did not adequately offer to remedy the expected reduction in competition and resulting higher steel prices. The decision aims to protect competition in European steel markets and ensure that the automotive

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European Commission to expedite steel safeguard review

Published: 11 Jun 2019

The European Commission plans to accelerate its review of safeguard measures on EU imports of steel products, but the results are unlikely to be released before 1 July when the new quota period begins, commission sources have said. The commission has been under pressure from EU mills to tighten the safeguard quotas, while buyers and

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UK heavy sections buyers concerned about supply

Published: 11 Jun 2019

Heavy sections buyers in the UK are concerned about availability of supply in the event that British Steel’s sections production ceases. There are potential suitors for part of British Steel’s sections business, including the Skinningrove mill, which makes sections primarily used by yellow goods producers. But the heavier sections offering is largely viewed as inefficient

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