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 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.
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
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