Severstal Does Not Expect Major Impact from EU's Steel Curbs

Posted by Michelle Howard
Wednesday, July 18, 2018

Russian steel producer Severstal does not expect the European Union's curbs on steel imports to have a substantial impact on its financial performance as its distribution mechanism is flexible, the company said on Wednesday.

Severstal plans to continue supplying steel to European consumers as part of announced quotas, it added.

The European Commission has proposed a combination of a quota and a tariff to counter EU concerns that steel products no longer imported into the United States would instead flood European markets.

Reporting by Polina Devitt

Categories: Logistics

Related Stories

VADM (Ret) White Named Keynote Speaker for MRS ‘26

Jensen Tapped as CEO for Gatehouse Maritime

Oil Slides, Metals Jump as Hormuz Impacts China Imports

Current News

Awake.Al, Tidalis Collaborate for Maritime Emissions Reporting

Konecranes to Supply Two Cranes for Norwegian Oil Industry Facility

EnergyPathways, ABP Partner on Energy Storage Project at Port of Barrow

PD Ports Expands Operations with Third Electric Liebherr LPS 550

Subscribe for Maritime Logistics Professional E‑News