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?
With a population equivalent to just 3% of the eurozone total, and with public debt equivalent to just 3% of eurozone GDP, the concern regarding the ongoing financial crisis in Greece in recent weeks perhaps seems out of proportion.
Continue reading Will the Greek tragedy turn into a European disaster?
A recent article in The Economist highlighted the problems being faced by US manufacturers in the face of a strengthening dollar.
Indeed, with economic data for Europe increasingly surprising on the upside so far this year, and that of the USA increasingly disappointing, there are ever more questions over whether the positive economic data coming out of Europe is merely coming at the expense of that in the USA following the large shift in value of each region’s currency.
Put simply, US goods have become much more expensive in overseas markets while European goods have become relatively cheaper.
A look at the world’s tinplate industry, which has shown little-to-no global growth over the past decade, suggests that growth in one region at the expense of growth in another is very much a real phenomenon.
Continue reading US tinplate industry in trouble
The phrase ‘sick man of Europe’ has been used time and again over the past century, and used against almost every individual European state at one point or another to describe a country afflicted by economic adversity or impoverishment.
During much of the 1970s the UK enjoyed the dubious honour, while in the 1990s it was Germany’s turn. With their inability to balance a government budget for more than 30 years, both France and Italy have regularly contended for the title.
Nowadays it is a hotly-disputed mantle and, depending upon which statistics are looked at, a case could be made for any number of countries. In the European steel industry, however, there is one market that stands out as suffering particular adversity. That market is Italy.
Continue reading Italy the sick man of Europe’s steel market