EU reduces import quota volumes after UK’s inclusion in quota regime

The European Commission, which has now included the UK among the countries that are subject to import quotas for steel products, has also reduced the existing quota volumes for other countries which were already under the quota scheme. The reduced quotas will be in force as of January 1, 2021, and so in the two last quarters under the quota regime the countries will have less opportunity to export to the EU. The EC said that the changes in quota volumes... Read More

EU announces import steel quota volumes for UK

The European Commission (EC) has announced the imposition of definitive safeguard measures on imports of certain steel products from the UK, as they will not be in the same trading area with the UK after Brexit. Without this specific quota for the UK, the UK steel sector could have faced a £80 million bill from EU steel safeguard tariffs in the first half of 2021, UK Steel and Steel Trade Union Community stated. The UK will be subject to a 25 percent... Read More

The US has reinstated tariffs on all steel imports from Brazil and Argentina

The US has reinstated tariffs on all steel and aluminum imports from Brazil and Argentina with immediate effect, on currency issues, US President Donald Trump tweeted earlier today. The Trump administration imposed a blanket 25% tariff on all steel imports, and of 10% on all aluminum imports, in March 2018 under Section 232 legislation,. Later in June 2018, the restrictions on Brazil and Argentinian steel and aluminum were converted to a quota system.... Read More

Russian Federation sets quota for scrap exports till end of 2019

Russian authorities have officially set the quota for the steel scrap exports to the countries excluding the members of the Eurasian Economic Union in order to protect the local steel industry. The official document, signed on August 31, implies the total allowed export volume of 1.009,2 million mt of scrap for the period from September 1 to December 31 of the current year. The Ministry of the Industry and Trade will be responsible for the distribution... Read More

Short Range Outlook : May 2019

Global long steel market mostly unstable despite supply-demand equilibrium A balance has been maintained between supply and demand in the global long steel products market, but it is still difficult to transact business globally. However, shorter-distance regional business is good. The global market can be described as mostly unstable, with only a few exceptions. Absence of Chinese still provides support for the rest of the world We have to take into... Read More

EU transfers unused quotas to “other countries”

The European Commission has transferred the quotas under “other countries” and “all third countries” which were unused between February 2 and March 31 to the “other countries” quotas for the April 1-June 30 period as of May 2. Accordingly, an additional volume of 19,704 mt has been added to the “other countries” rebar quota, which had been quickly used up in early April when the “other countries” quotas became available to all... Read More

EU quota for “other countries” now open to all

As of April 1, 2019, the European Commission’s steel import quotas for “other countries” have become accessible to all countries, while the unused quotas of “other countries” for the February 2-March 31 period have also become accessible to all countries which have used up their own quotas for the period. Accordingly “other countries” import quotas, for the period between April 1 and June 30, stand at 133,004 mt for rebar, and at 74,518... Read More

Brazil notified WTO it will retaliate against EU following steel quotas

Brazil has officially notified the World Trade Organization (WTO) it will suspend export benefits for the European Union (EU). The notice follows an EU decision to impose a steel tariff quota for exceeding exports of certain steel products from several countries, including Brazil. Brazil told the WTO it intends to suspend export benefits for the EU for 30 days, although the affected European products were not specified. According to the Brazilian... Read More

EU announces definitive safeguard measures on steel imports

The European Commission has announced final measures on steel imports. Accordingly, a tariff-rate quota will be applicable for the period February 2, 2019 to June 30, 2019, thereafter, for the period of July 1, 2019 to June 30, 2020, and, thereafter, for the period July 1, 2020 to June 30, 2021. The European Commission said that, since the duration of the measures is for over a year, the measures must be progressively liberalized at regular intervals... Read More

EU to impose new quota on imports

According to media sources, the European Commission has sent a notification to the World Trade Organization, stating that the EU will impose import quotas on certain steel products, including rebar and wire rod, for a period of 150 days starting from February 2, 2019.. However, there has been no official announcement yet. Accordingly the import quotas will be in force between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased... Read More

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