July 2021

EUROPE SECTIONS: Market flat on summer lull

Prices for steel hollow sections in Europe remained flat on Wednesday July 21 following a summer slowdown in the market, sources told Fastmarkets.

EUROPE BEAMS: Market slows for summer

Steel H-beam prices in Europe were flat on Wednesday July 21 as a result of the market heading into a slower seasonal holiday period, sources told Fastmarkets.

EU unveils proposal for Carbon Border Adjustment Mechanism on steel, aluminium imports

The European Commission (EC) adopted on Wednesday July 14 a package of proposals under the EU Green deal that affect the metals industry, including a Carbon Border Adjustment Mechanism (CBAM).

EUROPE SECTIONS: Prices rise following exhaustion of key import quotas

Prices for steel hollow sections in Europe increased on Wednesday July 14 due to robust demand and limited imports following the exhaustion of key country-specific import quotas, sources told Fastmarkets.

EU GREEN STEELMAKING: ArcelorMittal signs decarbonization MoU with Spain

ArcelorMittal has signed a Memorandum of Understanding (MoU) with the Spanish government that will see a €1 billion ($1.19 billion) investment in decarbonization technologies at the company’s Asturias plant in Gijón, it has announced.

EUROPE SECTIONS: Market flat, renewed quotas refill stocks [CORRECTED]

Prices for steel hollow sections in Europe were flat on Wednesday July 7 due to a replenishing in stocks following the renewed import quota, sources told Fastmarkets.

Canada investigates Austria for OCTG dumping

The Canada Border Services Agency (CBSA) has opened an investigation concerning possible “injurious dumping” of oil country tubular goods (OCTG) originating from Austria.

No relief to European steel shortage after fast take-up of renewed EU import quotas

Europe’s third-quarter steel import quotas opened on Thursday July 1, but already some suppliers have absorbed a large proportion of the long steel allocation, repeating a similar scenario from the previous quarter.

EUROPE BEAMS: Mills continue to command higher prices

Steel H-beam prices in Europe moved up on Wednesday July 7, with mills continuing to achieve higher prices, sources told Fastmarkets.

US steel import licenses rise in June

The United States' steel import licenses climbed in June to the highest level since January 2020, according to government figures.