TRA Proposal: Safeguard measures for 15 steel categories extended until June 2026
The British Trade Remedies Authority (TRA) recently proposed extending safeguard measures for 15 categories of steel products for an additional two years, until June 2026. This initiative aims to protect the British steel industry from the adverse effects of a sudden increase in imports. The final decision has been submitted to the Secretary of State […]
Comparing the border adjustment mechanisms of the USA and the EU: A new era in environmental policy
Recently, new legislations have been proposed and implemented in the USA and the EU to regulate the impact of climate change through border adjustment mechanisms (BAMs). These mechanisms aim to balance the competitiveness of domestic industries and combat carbon leakage by penalizing imports that do not meet domestic carbon emission standards. In the USA, proposed […]
Italy introduces a new customs procedure for steel import quotas
Starting from April 1, 2024, the Italian Customs Agency has implemented a new program for managing import quotas. This program allows the agency to refuse new import operations once the volumes allocated for these quotas are exhausted, aiming primarily to prevent the accumulation of additional customs duties debt. The revised program introduces a protocol through […]
The Effects of CBAM on the Supply Chain
The Carbon Border Adjustment Mechanism (CBAM) has profound implications on the supply chain. These implications go beyond the scope of carbon tax and directly affect how companies manage their supply chains. The implementation of CBAM can lead to significant changes in supplier behavior and business strategies, as they need to adapt to new requirements and […]
Some EU steel imports are approaching quota limits in the first quarter
According to the European Commission’s statements, in the context of the imminent completion of the current period for quantitative allocation (January-March quarter), there is a nearing exhaustion of the quotas allocated for the import of certain categories of steel products, particularly long products. This phenomenon is observed despite reduced demand for these categories on the […]
The Impact of CBAM on the Future of the Automotive Industry
The implementation of the Carbon Border Adjustment Mechanism (CBAM) marks a turning point in the European industrial landscape, directly affecting the production of goods for both European companies and international producers. This initiative represents a significant step towards sustainability, questioning the adaptability and resilience of industries to new carbon emission regulations. Of particular interest is […]
Global quotations for hot-rolled steel have fallen due to declining raw material prices
In the European steel sector, current market trends for hot-rolled steel highlight a significant price readjustment following a sharp increase observed at the end of 2023 and the beginning of 2024. This dynamic is largely influenced by a notable slowdown in demand for these products, leading to a general trend of declining prices in major […]
The cost of achieving carbon neutrality will have a greater impact on the steel industry than the rise in electricity prices
In Taiwan, the Ministry of Economic Affairs has recently announced a significant adjustment to electricity tariffs, which will take effect in April, marking a notable increase of 12% to 25% in costs for industrial consumers. This rise has profound implications, not just on the immediate front of energy expenses but also in the broader context […]
Steel-consuming industries in the European Union are facing difficulties.
According to a recent report, the European Union’s (EU) steel sector shows an upward trend, managing to record production increases even in the face of an unstable economic climate and rising energy costs. This positive dynamic contrasts with the difficulties faced by other sectors, such as construction, machinery manufacturing, production of household appliances, and the […]