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Steel & Metal
- United Kingdom -

UK Steel Calls for Additional Protection from Overcapacity

UK Steel has issued a call for increased protection against the risks posed by global overcapacity in the steel industry. The industry association warns that the UK market could be vulnerable to excess capacity if current safeguards are allowed to lapse.

The report highlights that global steel overcapacity, driven by non-market forces such as state subsidies, could undermine UK investments without new trade policies. With steel demand in China weakening and the country expected to export significant quantities, the UK steel sector faces increased competition from underpriced imports.

UK Steel emphasizes the need for the UK government to explore new trade policy options and strengthen measures to ensure fair competition and protect domestic producers.

Egypt Investigates Dumping of Cold-Rolled and Coated Steel Products from Turkey and China

DMZ Shipped 2.1 Thousand Tons of Rolled Steel Products to Consumers in October

Low Steel Prices Affect Tata Steel’s Performance in the UK and the Netherlands

EUROMETAL Survey Projects Increased Prices Despite Lower Activity

European HRC Prices Largely Stable, Market Expectations Mixed

French Longs Sales Deceleration Continues

Northern European Rod Prices Freeze Amid Quiet Market

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Italian Rebar Makers Seek Increases Again

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EMSTEEL Group and Tadweer Group Partner to Develop Sustainable Building Materials Using Alternative Fuels

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Shyam Metalics Commissions New Blast Furnace and Sinter Plant at Jamuria Steel Mill

China's Steel Scrap Consumption Expected to Decline by 3% in 2024