BO Types Filter
08.02.2025
Industrial Stainless Steel Plate 201 202 316 Construction Structural Engineering Equipment Foundation ASTM Standard Welding
08.02.2025
ASTM A106/API 5L sch 40 black painted steel seamless pipe
07.02.2025
0.8mm To 2.5mm GI WIRE GALVANIZED STEEL WIRE
06.02.2025
Good Price SHS gi metal Tube Square Rectangular welded steel pipes 2 Inch hollow section galvanized Square steel Pipe Price
05.02.2025
Factory price hot sale 4mm-200mm 301 316L 410L 347 409L S32101 317L Stainless Steel Plate
04.02.2025
High Quality Customized 201 304 304L 316 316L 410 430 Stainless Steel Sheets Plates Price
03.02.2025
Factory Spot Best Price Aisi Astm Sus SS 430 201 321 316 3161 304 Stainless Steel Sheet Plate
31.01.2025
Stainless steel bar 316ti grade 3161/9041/3041 hot rolled and cold drawn
30.01.2025
Hot selling rebar bars at factory prices in China, 8mm, 10mm, and 12mm steel bars
29.01.2025
Hot Sale High Quality 304 3161 stainless steel customized thickness plate good price
Steel & Metal
- Germany -

European Steel Buyers Face Increased Costs Due to Safeguard Measures

In a recent development, European steel buyers are bracing for an increase in expenses as safeguard measures are set to impose an additional cost of €50 per ton on hot rolled coil (HRC) purchases. This comes after the European Commission's decision to extend the EU safeguard measure on steel for an additional two years, which was confirmed last week.

The safeguard measure, which includes a 15% cap per origin over the "other country" HRC tariff-rate quota, is expected to impact several European countries with a projected shortage in HRC supply for the upcoming quarter. The situation is compounded by sluggish consumption downstream, prompting re-rollers and sheet producers to attempt to recover costs. Despite these efforts, the average duty to be paid is estimated at 8%, equating to the aforementioned €50 per ton.

The market has already seen a halt in sales by one producer last week, and rumors suggest that ArcelorMittal's prices for HRC could reach €670 per ton base delivered. Other northern European HRC mills are also contemplating price hikes, aligning with the trends of re-rollers and coil derivative producers.

The increased costs are a direct consequence of the renewed safeguard quotas that began on July 1st. Buyers are now calculating the duty to be paid, with some considering the cancellation of customs clearing authorizations for a portion of their purchases to mitigate the financial impact. This strategic move could lead to some purchases being left at ports to reduce import duty payments.

The steel industry is facing a challenging period, with several Italian tube-makers implementing production cuts and planning stoppages of three to four weeks, in addition to the scheduled production cuts for July. The price increases for HRC have been anticipated since the proposal to extend the safeguard measure, and the confirmation of this extension is likely to have a lasting effect on the European steel market.

Iranian Billet Prices Settle at Around $420

Mexico Factory Activity Weakens in January

Malaysia Probes Steel Dumping Allegations from China, South Korea, Vietnam

Masteel Expects Increased Net Loss for 2024

Ferrexpo Faces $3.8 Billion Lawsuit in Ukraine

Severstal Sustains Investments in Cherepovets Despite Industry Challenges

NW European Plate Market Remains Inert

Global Crude Steel Production Sees Mixed Results in 2025

Steel HRC Prices Inch Upward Across Europe

Blastr Green Steel Secures Partner Finance Round for Finnish Low-Carbon Steel Plant

Slovakia Reduced Steel Production by 11.7% Year-on-Year in 2024

Turkey Increased Steel Exports by 27.6% Year-on-Year in 2024

Finland Reduced Steel Production by 3.8% Year-on-Year in 2024

Danieli QSP-DUE Plant Achieves New Milestone with 145-mm-Thick Slab Cast