Our Mission

Our mission is; to develop understanding between producers, traders and consumers of long steel products around the world;

to add value to international trading activities of our members by providing an environment facilitating better relationships with the shipping and finance industries as well as inspection services;

to help our members reach useful information about the markets around the globe;

to facilitate an environment in which our members can meet new parties to create business opportunuties;

to create a better atmosphere for fair business.

News

EU extends steel safeguard measures for another three years

The European Commission has announced the extension of the EU’s safeguard measures encompassing 26 steel product categories for another three years until June 30, 2024, preserving traditional trade flows on a per-product-category basis. The Commission has also increased the quota volumes by three percent, and a 25 percent tariff duty will be applied on the [...]

Russia approves steel export taxes

The steel export tax initiative in Russia was approved by the Russian authorities late on June 25.  The measure, suggested as a means to curb the rapid price increases for steel in the local market in Russia, will be imposed for the period from August 1 to December 31 this year. The base export rate [...]

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