The European Union is suggesting the US impose tariff-rate quotas on steel and aluminium imports in a bid to reach an agreement with the US on exempting the EU from its Section 232 measures, sources told Fastmarkets on Tuesday September 7.
After a consultation period, Fastmarkets has adjusted the delivery time specifications for its European hot-rolled coil (HRC) indices to accommodate longer-than-usual lead times.
Domestic prices for hot-rolled coil in the EU increased in the week to Friday May 7, with ArcelorMittal and some other mills further increasing their offer prices.
ArcelorMittal has again increased its official offer prices for hot-rolled coil in Europe by €30 ($36) per tonne, sources told Fastmarkets on Friday May 7.
European buyers of steel coil are encountering difficulties obtaining credit insurance and opening credit lines for purchases because of the rapid price rises and extended lead times in recent months, sources told Fastmarkets this week.
