Julia Bolotova

2 months ago | fastmarkets.com | Julia Bolotova |Holly Chant

On February 10, Trump’s administration announced a decision to impose tariffs on steel imports at a rate of 25%, as was first done in 2018, during Trump’s first term as US president. This would eliminate previous exemptions and tariff-rate quotas for the EU and UK, with the new tariff rate to take effect on March 12. The US tried to justify the higher tariff by citing rising steel import volumes from the EU and UK, whose share of the US import sector increased to 20.7% in 2024 from 18.6% in 2020.

Dec 12, 2024 | fastmarkets.com | Julia Bolotova |Lee Allen |Ross Yeo

A crash involving a ship carrying a cargo of scrap on Sunday left serious damage to a lock on the Moselle located in Müden, just south of Koblenz in western Germany. The incident has caused a major blockage for ships traveling the Moselle to reach the Rhine – a vital artery for the shipment of metals such as aluminium and steel in Germany and Europe. Around 70 ships have been stuck along the Moselle on the way to the Rhine, Fastmarkets understands.

Dec 2, 2024 | fastmarkets.com | Julia Bolotova

With the race to decarbonize the steel sector gathering pace around the world, Fastmarkets reached out to subject experts in Europe, to discuss the major challenges and opportunities that lie ahead in the new, green steel landscape. Alexander Fleischanderl (AF): It’s true that Europe is progressing at high pace with multiple transition projects.

Nov 27, 2024 | fastmarkets.com | Julia Bolotova |Alesha Alkaff

The Breakthrough Agenda – launched by 45 world leaders COP26, and now backed by 61 governments – has been established as an annual collaborative process. Each sectoral “Breakthrough” covered by the Agenda is represented by various nations and sector-specific stakeholders, who regularly meet throughout the year and work together to boost efforts to achieve sector-specific goals.

Nov 14, 2024 | fastmarkets.com | Julia Bolotova

Ahead of Commissioner-Designate Séjourné’s hearing in the European Parliament, Eurofer and European trade union IndustriAll have developed and published a set of demands for European Commission and the EU member states to consider, aimed at ensuring the EU has “an internationally competitive and climate-neutral steel [sector], with quality jobs in Europe for today and [for] years to come.” Entitled A European Steel Action Plan, the demands cover seven topics: EU trade policy; the Carbon...