+86 135 4396 8509

Home > News > Industry >

Stainless Steel Purchases Will Be Affected By Eu Safeguards

Stainless Steel Purchases Will Be Affected By Eu Safeguards
Issue Time:2018-08-09

The European commission's protection survey suggested the eu would impose temporary quotas and tariffs on steel imports, a move that could raise the price of stainless steelHowever, some buyers have opted to expand import orders in the short term to maximise their own intake of low-priced materials before the quota is exhausted.The effect is to reduce demand for locally produced materials, putting downward pressure on prices.




This should not last.Many stainless steel buyers are wary.Because of the long lead times for orders in the far east, materials ordered now may arrive in Europe after the appropriate quota is filled, thus incurring tariffs.As a result, they are more likely to take their demand from European steelmakers - in turn, putting inflationary pressure on regional markets.