Insight
EU flat steel trade: can anti-dumping duties stop a surge of imports?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Against a backdrop of falling global prices and rising European demand, producers of flat steels in the EU have struggled to increase their share of the market. Over the last two years, imports have increased sharply but domestic production has failed to match that growth. This has resulted in EU steelmakers, who claim they cannot compete with subsidised foreign steel, lodging complaints to the European Commission. The results of EU anti-dumping (AD) investigations have mostly gone in favour of the steelmakers – protectionism is on the rise in the EU. But despite the imposition of AD duties there has been little change to total trade volumes, rather a disruption of trade flows. AD measures have been successful in either removing, or raising the cost of, the cheapest of imports entering the EU. Although this has enabled domestic producers to expand production, it has increased end-user costs.
Table of contents
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How have the most recent cases affected the market?
- Cold-rolled coil: imports are down, but not out
- Hot-rolled coil: Chinese material gone, but others fill the gap
- Hot-dipped galvanized coil: no change... yet?
- What next?
Tables and charts
This report includes the following images and tables:
- AD duties forced Chinese and Russian CR coil from the market but the gap has been partially vacated by material from other sources
- In the case of HR coil, Chinese imports have been supplanted by material from Brazil, Turkey and India
- Production growth will not keep pace with demand growth
- Net imports of HDG increased last year and we expect them to remain over 0.5 Mtpy
What's included
This report contains:
