EUROMETAL GHENT: Severstal likely to increase HRC shipments to EU in response to fixed charge

Severstal could be set to increase the volumes of hot rolled coil (HRC) it exports to Europe after the European Commission (EC) imposed a fixed charge of €17.60 per tonne on the Russian steelmaker's coil.

“Severstal used to be a major supplier of HRC into the EU, but slowed [its shipments] when the EC investigation [into HRC] was opened [in July 2016],” one market participant told Metal Bulletin on the sidelines of European steel trade federation Eurometal’s international steel trade day in Ghent, Belgium on Wednesday October 11. However, a second trader at the...

Published

Viral Shah

October 11, 2017

19:45 GMT

Ghent