UK exhausts other HRC, CRC quotas

Half way through the quarter, the UK has exhausted three of its third-quarter steel safeguard quotas. These are hot rolled coil and cold rolled coil from “other countries”, as well as hollow sections from Turkey, UK steel distributors’ association NASS informs Kallanish.

CRC from Vietnam is critical, with 94% of the quota used, while the EU’s merchant bars and light sections quota is also 94% used. The quota for gas pipes from Turkey is meanwhile 71% filled.

As of 1 July the expanded quotas of the new EU and UK safeguards regimes took effect.

The UK implemented emergency regulation to extend safeguards on another five of the 19 steel products for one year by public notice (see Kallaish passim). In June the Trade Remedies Authority had proposed to extend safeguard measures on ten products for a further three years beyond 30 June, with nine slated to be revoked.

Adam Smith Germany