Sources Said The EU Safeguards Would Be Extended For Another Year
U safeguard measures are expected to be extended for one year from the beginning of July, learns from sources in the market.
The European Commission is yet to publish a proposal on the future of the measures. Sources in Europe, though, report that local steel associations are communicating that a decision is close.
According to rumours, the measures could be extended for a period of one year with an increase of tax-free quotas of 5% compared to the current volumes.
An extension of measures would bewelcomed by steelmakers in Europe, but a decision to extend them only for one year could create further uncertainty in the market, among buyers and suppliers alike.
"An extension until mid-2022 would only mean re-creating the current scenario of uncertainty in 12months," a steel processor says. "Imports need to be ordered many months in advance and the uncertainty over the measures is hurting the possibility to make long-term plans."
Short comments: This will mean that within a year, EU demand for other countries' steel raw materials will not fall, will only rise, is bound to affect domestic steel prices.
Therefore, if you need us to drum closure and drum cap seal, please order as soon as possible.
Exploring modern drum crimping tool designs and featuresJanuary 18, 2024In the ever-evolving world of industrial tools, drum crimping tools play a crucial role in ensuring the integrity and safety of drums and other storage containers. As technology progresses, drum crimp...view
4 Steps To Open The Flex Spout CapJune 30, 2022The Tin Can Flex Spout Cap are with excellent air tightness, easy to assembel on metal can, but do you know how to open it?Let me show you the next 4 steps to use it.Have you learned it?view
RMB Exchange Rate VS USD Recovered 6.39June 30, 2022Shanghai Securities News (reporter Fan Zimeng) on October 25, the onshore RMB exchange rate against the US dollar opened up 20 points to recover the 6.39 mark. At the same time, the offshore RMB fell ...view