“European steel lobby Eurofer plans to file anti-dumping cases this year with the European Commission against exports of cold rolled stainless sheet from China and Taiwan and of electrical steel sheet from Russia,” reports Reuters.
“If the Commission, the European Union’s executive, takes up the cases, they will join a series of damaging trade disputes over recent years between the 28-nation EU and China, as well as some with Russia.”
“‘We have two cases in an advanced stage where we suspect dumping and subsidies. One concerns Russia, the other concerns China and Taiwan. They will be filed this year,’ Eurofer director general Gordon Moffat told Reuters.”
In metal price news for steel…
Chinese steel prices closed flat for the day. The price of iron ore 58% fines from India was range bound. The price of Chinese HRC showed little movement on Wednesday. For the fifth consecutive day, the price of Chinese coking coal held flat.
Also on the LME, the steel billet cash price showed little movement on Wednesday, hovering around $355.00 per metric ton. For the fifth day in a row, the 3-month price of steel billet remained essentially flat on the LME at $360.00 per metric ton.
The US HRC futures contract 3-month price showed little movement yesterday at $632.00 per short ton. The US HRC futures contract spot price remained essentially flat at $660.00 per short ton.