Steel News

We strive to let you one step ahead of the market.

EU steel buyers concern US' elimination of tariffs to raise steel prices

23 Aug 2021 16:36 reported by Iona Chen

A A A
The European market expected to resolve the trade dispute of Section 232 with the US on November 1, which is likely to restore the flexibility of important trade routes between the EU and the US, as well as to correspond with the regulation of the World Trade Organization (WTO).

However, some European steel buyers are concerned that the domestic steel prices will soar again if the US eliminates export tariffs on the EU steel products. It is difficult for the US to agree to cancel export tariffs because steel tariffs are a necessary part of the US steel industry, especially in Ohio, Pennsylvania, Indiana, etc.

Some EU market participants indicated that if the US decides to remove steel tariffs, it will give rise to increase European steel products exports to the US. In the meanwhile, the European steel prices will climb further.

Back to Steel News

Related News

The EU faces a reshuffle of the five major steel suppliers

  • Industry activities
  • 27 Jan 2023 11:08

CSC planned to build low-carbon steel plant

  • Industry activities
  • 27 Jan 2023 11:08

Brazil's flat lumber dealers expect December sales down 1.7% y-o-y

  • Industry activities
  • 26 Jan 2023 15:43

UK to approve package plan to support British Steel & Tata Steel’s green transition

  • Industry activities
  • 24 Jan 2023 17:14

Ukraine’s semi-finished product exports in 2022 plunge y-o-y

  • Industry activities
  • 24 Jan 2023 17:13

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,486.00
  • 3,470.00
  • Aluminum
  • 2,597.00
  • 2,640.00
  • Copper
  • 9,287.50
  • 9,317.00
  • Nickel
  • 28,745.00
  • 29,025.00

Learn more

Coil Exchange Center

  • 2B Coil-Feb
  • 3,060
  • 2,920
  • NO1 Coil-Feb
  • 3,030
  • 2,890
  • 2B Coil-Feb
  • 3,060
  • 2,920
  • NO1 Coil-Feb
  • 3,030
  • 2,890

Learn more