EUROMETAL GHENT: EU traders fear possible investigation into Indian HRC imports

European steel traders are concerned that an anti-dumping investigation into imports of hot rolled coil (HRC) from India could be opened by the European Commission (EC).

Market participants expressed their fears at European steel trade federation Eurometal’s international steel trade day in Ghent, Belgium, on Wednesday October 11. Imports of HRC from India into the EU totalled 821,000 tonnes in January-July 2017, up very sharply from 55,000 tonnes in the corresponding period in 2016, according to official EU trade statistics. “There is a worry about anti-dumping duties being imposed on Indian steel imports,” Simone Jordan, chairwoman of the International Steel Trade Assn (ISTA), told delegates. “Finding new sources of supply takes time and, in the interim, there can be shortages of supply that result...

Published

Viral Shah

October 12, 2017

17:30 GMT

Brussels