Tag Archives: eurozone

More trade protection on the way in Europe?

After having gone after imports of both hot-rolled coil (HRC) and cold-rolled coil (CRC) this year, will the European Commission soon be turning its attention to imports of galvanized steel? (primarily hot-dipped galvanized material (HDG))

In all likelihood yes but just how effective would any import restrictions be?

Let’s take a look at the case for implementing trade protection measures on these products and what effect they may have.

Continue reading More trade protection on the way in Europe?

What now for the UK automotive industry post-Brexit?

A month on from the UK’s referendum vote to leave the EU and the focus has quickly shifted onto how the relationship between the EU and the UK will be managed in the future, and indeed whether the UK may benefit or suffer from its decision to leave the EU.

One industry that has a particular interest in this changing landscape is the UK’s automotive industry. With around 80% of its output heading for international markets (more than 50% alone heads to other EU countries), and with the majority of components used by the industry imported, the UK’s automotive industry will be a keen observer of how the UK’s international trading relations develop over the coming years.

Continue reading What now for the UK automotive industry post-Brexit?

Prices down but profitability quietly creeps up in Europe’s steel industry

With prices of many commodities at multi-year lows, recent financial releases from some of Europe’s major steelmakers delivered a reminder that not everything is bad in the steel industry.

Following an improvement in profit margins last year, Europe’s steelmakers have continued their resurgence during the first half of 2015.

chart1

Why, when most stories surrounding the steel and commodity markets are overwhelmingly negative these days, might this be the case?

Continue reading Prices down but profitability quietly creeps up in Europe’s steel industry