Steel News

We strive to let you one step ahead of the market.

European steel rerollers: EU sanctions on Russian semi-finished products to put European rerolling business at risk

3 Oct 2022 15:25 reported by Ana Lee

A A A
Nine major companies, including European steel re-rollers and distributors, have sent a joint letter to the European Commission on September 27, emphasizing that if the potential import ban on semi-finished steel, such as Russian slab, billet, and bloom, is implemented, it would put the European rerolling business at risk.

The letter was in response to a letter from some European steel producers to the European Commission calling for sanctions on Russian imports of semi-finished products.

According to the letter, more than 80% of EU steel semi-finished products come from Russia and Ukraine. Now because of the temporary shutdown of Ukrainian steel mills, the EU has no alternative producers to replace the supply.

If the EU bans the import of Russian semi-finished products, EU rerollers will have no choice but to drastically reduce production levels at their facilities or, at worst, shut down operations, which will lead to job losses and price spikes.

Back to Steel News

Related News

US’ structural pipe exports up in Sep y-o-y

  • Long product
  • 29 Nov 2022 16:43

US’ section beam imports increase in Sep y-o-y

  • Long product
  • 29 Nov 2022 16:43

China’s traders unwilling to stockpile due to high steel price

  • Long product
  • 25 Nov 2022 16:32

US’ structural pipe imports increase in Sep m-o-m, y-o-y

  • Long product
  • 24 Nov 2022 16:54

US makes ruling of AD measures on OCTG from 4 countries

  • Long product
  • 23 Nov 2022 16:20

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,911.00
  • 2,908.00
  • Aluminum
  • 2,315.00
  • 2,353.00
  • Copper
  • 7,965.00
  • 7,980.00
  • Nickel
  • 25,200.00
  • 25,300.00

Learn more

Coil Exchange Center

  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790
  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790

Learn more