25
Jun
17:42
Assofermet demands pre-June contract 15% safeguard cap exemption
The revised safeguard measures announced by the European Commission pose a significant risk to EU steel users, warns Italian steel trade association Assofermet.
The Commission confirmed on Tuesday the extension of safeguards till 2026 and the imposition of a 15% cap per origin over the “other country” tariff-rate quota (TRQ) for hot rolled coil (see separate story).
According to Assofermet, there will be an annual shortage of over 1.6 million tonnes o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous