EU to replace country-specific quotas with permanent safeguard regime

The European Commission has unveiled a legislative proposal to replace the existing EU steel safeguard system, introducing a new framework designed to protect the EU’s steel industry from the negative effects of global overcapacity, which is expected to increase from the current 602 million mt to 721 million mt by 2027, according to a draft circulated. The new permanent framework, which will replace the current measures which will expire on June... Read More

The program of the 91st meeting in Paris

Day 1: Sunday, September 15, 2024 19:00 – 22:00                   Welcome cocktail at Marriott Rive Gauche Hotel Paris   Day 2: Monday, September 16, 2024 09:15 – 09:30                  Welcome address by Chairman of IREPAS   09:30 – 11:00                   SESSION ONE – Global markets and CBAM impact - Latest developments in the global steel market and recent trends... Read More

US to raise tariffs on Chinese steel products to 25 percent

In a statement from the White House, US President Joe Biden has announced that existing 0-7.5 percent import duties on Chinese steel products under the Section 301 tariffs will be increased to 25 percent this year. The decision, which was made following a review by the US Trade Representative, is designed to encourage China, the largest contributor to the global steel overcapacity issue, to eliminate its unfair trade practices, the statement indicated. According... Read More

Short Range Outlook : June 2015

Slight improvement in trading atmosphere It seems that the general trading atmosphere has become slightly better in the global long steel market. The imbalances which we have gotten used to have diminished somewhat and therefore traditional trade routes seem to be chosen again. The strengthening of the Russian currency and the reduced influx of Chinese steel to far away markets are having an impact. Demand picks up in Europe, interest in imports declines The... Read More