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German, Dutch mills secure largest US flat steel quotas

From argusmedia.com

German and Dutch steelmakers are the clear winners from the US changing its section 232 25pc import duties to a tariff-rate quota by product and country. Dutch steelmaker Tata Steel will be able to ship 489,600 t/yr of flat-rolled products to the US duty-free from January, according to a document specifying the quotas obtained by Argus. To calculate the flat-rolled volumes open to European mills, Argus used the following 10 product categories stated in the document — hot-rolled plate in coils, hot-rolled sheet, hot-rolled strip, cold-rolled sheet, cold-rolled strip, flat-rolled coated, flat-rolled hot-dipped, plate ... (full story)

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  • Category: Fundamental Analysis