via Metal minor
“The import market is currently slow. A trader said on January 24. They mentioned a Dumping prevention survey on HRC imports from Japan, Egypt, India, and Vietnam. European Commission It started in August. This movement was on behalf of the European Steel Association on behalf of the members.
The results of the survey will be paid by April, and there is a possibility that the provisional increase in duty from those countries and retroactive duties may be seen. Whatever the result, many traders seem to be dominating what 2025 brings to steel prices.
Dumping prevention measures only one factor to consider.
General outlook for 2025 Also uncertain. This is mainly due to the new appointment of President Donald Trump's debate on introducing various tariffs on imports to the United States. However, it is important to note that Trump does not specifically say anything about steel.
Combined with damping prevention measures, potential tariffs can violently hit the EU. As one trader said, when asked about the import of steel from 27 European Union, “it depends on what Trump does.” Under the first Trump administration, the United States has conducted a 25 % and 10 % tariff on importing steel and aluminum from all countries.
The subsequent Biden administration abolished its policy in October 2021 in return for the EU to abolish retaliation tariffs.
As of January, “enemy” is uncertain
In the filing on January 10, Eurofer called for EC to reduce the amount of allocation on imports of Flat Carbon Steel, as part of the functional review. According to the report, the goal was to balance import and domestic roll steel. EUROFER has argued that tariffs on importing quotas should rise from the current 25 % tariffs to 34 %.
However, traders warned that the introduction of an increase in tariffs or higher allocation would result more uncertainty in the European Steel Market. “Anxiety creates suspicion, and suspicion creates higher prices,” he said. “Make sure that more quotas will increase local prices as imports decrease.”
The trader also pointed out that the overall economic outlook in the Euro area in 2025 is still difficult. This can affect not only consumers' purchases but also larger architectural projects.
They warned that all of these could buy more downstream products from overseas, such as steel coated by end users. Apart from the construction application, the hot roll coil functions as a raw material for the production of cold roll coils and tubes and pipes.
By Christopher Livituso
