March 2018

EUROPE SECTIONS: Southern EU prices slip as producers struggle for orders

Prices for domestic steel hollow steel sections in Southern Europe have fallen by €5-15 per tonne because mills are suffering from low demand, market sources said on Wednesday March 28.

Saudi Arabia steel authority calls for urgent action against dumped imports

Saudi Arabia’s National Committee for Steel Industry (NCSI) called on Tuesday March 27 for urgent action to be taken against imports being dumped into the country, specifically by raising import duties.

Eurofer calls for swift decision in EU trade case into 26 steel products

European steel association Eurofer has called for a quick decision in the region’s safeguard case investigating imported steel, it said on Tuesday March 27.

EC starts safeguard investigation into 26 steel products

The European Commission (EC) launched a safeguard investigation on Monday March 26 into 26 steel product types in an attempt to prevent the redirection of steel in the global export markets from the United States to the EU market.

South Korea works to ease 70% steel import quota limit set by US

South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.

STEEL WEEK IN BRIEF: Trade tensions between US-China, falling raw materials costs, Section 232 takes effect...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

WTO members 'concerned' about US tariffs' effect on global trading

Members of the World Trade Organization (WTO) have voiced concerns about the decision by the United States to impose tariffs on imports of steel and aluminium, and the effect these may have on the global trading system.

China plans tariffs on $3 bln of US goods in response to Section 232

China has announced plans to impose tariffs on approximately $3 billion worth of United States-origin goods, including seamless steel pipes and aluminium scrap.

EUROPE SECTIONS: Under-booked mills struggle to achieve target offer prices

Mills across Europe producing hollow steel sections have continued this week to be largely unsuccessful in raising their prices for tube products because many producers are in need of bookings, sources told Metal Bulletin on Wednesday March 21.