Tag: EU

European stainless steel producers have raised their prices for 300 and 400 series hot and cold rolled coil multiple times throughout December and January. Buyers complain of offers being made by suppliers and withdrawn soon afterwards. 

NLMK La Louvière, the producer of flat steel coils in Belgium and part of NLMK Group, has received the first major equipment for its EUR 150M hot strip mill upgrade that will enable the company to expand the production of thinner, stronger and more environmentally friendly steel for customers in the EU.

In an open letter published recently, 58 of Europe’s most senior steel industry executives, representing almost 100% of EU steel production, have addressed EU leaders with a clear message: “Make the right choices to ensure that our sector and its value chains flourish, investment continues, and the jobs of the men and women who work in our sector are sustained.

The European Union has agreed to contribute EUR 7.4M towards testing a new iron production process being developed at Tata Steel’s IJmuiden steelworks in the Netherlands.

The European Union will impose anti-dumping duties on imports of cold-rolled flat stainless steel from China and Taiwan, according to a notice in the EU's Official Journal. The EU will apply tariffs of up to 25.2% for sheet, coil and strip imports from China and up to 12% for Taiwanese product, following a complaint lodged in May 2014 by the European steel producers association, Eurofer.

Outokumpu has been informed by the EU Commission that the divestment of the Swedish melting and coil operations may not be sufficient to permit the approval of the Inoxum transaction.

EU regulators have set a 19 May target for an antitrust ruling on Mittal Steel's EUR 19 billion hostile takeover bid for Arcelor SA.

Amid the raging controversy over Mittal Steel’s takeover bid for rival Arcelor, the EU, on 15 February said it was against racial discrimination and the issue should be treated only on commercial considerations.