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Euranimi requests to suspend EU safeguard measures on stainless steel CRC from Asia

14 Apr 2022 15:03 reported by Stanley Wang

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Euranimi, the European Association of Non-Integrated Metal Importers and Distributors, submitted an application to the EU for suspending safeguard measures in certain stainless steel cold-rolled coils from Asia in order to release the supply pressure of steel plates in Europe’s market and avoid the prices hike.

Recently, shortages of raw materials, increasing prices of electricity, and the Russia-Ukraine crisis impacted downstream buyers in Europe a lot. Apart from that, increasing costs of shipping and shortages of containers also caused demands for steel to exceed supply. As a result, Euranimi hopes the situation could be controlled by the application.

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