Tag Archives: Russia

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?

Russian steelmakers benefit from rouble weakness

With commodity prices dropping sharply over the past 15-18 months, many economies have been hit hard. Oil-rich Saudi Arabia issued its first government bonds since 2007 earlier this year as it looked to cover a widening budget deficit caused by the collapse in oil prices, while commodity-dependent Brazil and Russia have entered outright recession this year.

It is the latter of these countries that is the focus of this article, and in particular Russia’s steelmakers. How have they coped with the significant falls in domestic GDP this year, of some 3.5-4%, as well as a sharply weakened currency and a large jump in inflation and interest rates?

Continue reading Russian steelmakers benefit from rouble weakness