And in February this year, the European Commission started an investigation into the possible extension
beyond June 30 this year of existing safeguard measures affecting 26 steel product categories imported into the EU.
Fastmarkets looks at the effects that these restrictions in access to imports has had on domestic prices.
Buyers of flat steel products in Europe have been struggling to secure the volumes they need to re-stock due to a domestic material shortage. As a result, they were forced to turn their attention to overseas alternatives, but those have also been limited by both safeguard and anti-dumping measures.
Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe
, at €965.00 ($1,160.35) per tonne on Thursday, up by €51.67 per tonne week on week and by €167.00 per tonne month on month.
Thursday’s index was based on market participants’ price estimates...