The latest edition of the podcast "Talking about Steel" from MEPS International discusses changes in the European Commission's measures to protect steel imports and further trade protection measures that may follow.
The new release, recorded as the new rules come into force, details the changes that have been introduced since April 1 and relies on research by MEPs to take into account the reaction of market participants. It also examines the potential impact of further trade protection measures proposed in the European Commission's Steel and Metals Action Plan.
Market analyst John Carruthers-Green said that some offers were "shrinking." "points" may arise as a result of the introduction of new restrictions on the use by exporting countries of the quota category "other countries" for various types of steel products. He said that the new restrictions on duty-free imports were due to "how serious, according to experts, the import pressure was."
"For hot-rolled coils, it has actually been reduced to 13% (from 15%), but it is now also used for cold-rolled coils, thick sheets, rebars, and even for some stainless steel products", - said Carruthers-Green
Chris Jackson, an analyst at the steel market, noted the uncertainty of European steel buyers regarding steel imports, which arose as a result of speculation about possible changes, did not decrease after their introduction.
He said: "Customers have taken a step back, taking a wait-and-see attitude and keeping the number of orders placed to a minimum.
"Now we're at the stage after the announcement, you're starting to notice some new trends, but we definitely have a feeling that imports come with a certain risk."
Among the topics discussed in this latest edition of the program, "Speaking of Steel podcast is:
The MEPs' podcast series "Talking about Steel" is available on request from all major podcast providers. Click on the link below to access the latest release.:
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