Huaxiao Metal Corporation Limited.
banner

Ottokumpu: The United States in the Steel Tariff Exemption Said NO

Ottokump, the world's largest stainless steel producer, said the United States would grant few requests for tariff exemptions for steel, adding that it expected U.S. stainless steel prices to resume their upward trend.

Roeland Baan, chief executive of Ottokump, told Reuters at an industry meeting in Helsinki that trade disruptions, as in the past, must be resolved. U.S. importers officially pay tariffs, but steelmakers outside the U.S. effectively settle these tariffs by reducing export prices by about 25%. They do this because they want their customers to be protected. But this is impossible. When this becomes clearer, I see that American pricing has more upward potential.

Roeland Baan said European orders have not resumed despite EU tariffs and quotas on steel imports since July in order to prevent steel originally used in the United States from being transferred to Europe. He said stainless steel imports still account for nearly 1/3 of the EU market. EU producers will feel the benefits of EU measures by the end of this year, when import quotas will be fully met.

This spring, US President Trump imposed a 25% tariff on imported steel, but they could apply for exemption if the metal they needed was not of sufficient quality or quantity, or within a reasonable period of time. As of August 20, the Commerce Department had received more than 37,000 requests for exemption, but only 1,780 were approved, although the Department employed additional staff and contractors to handle a large number of requests.
Related News
  • The Technology Of Embossed Stainless Steel Sheets

    The Technology Of Embossed Stainless Steel Sheets

    January 25, 2019The surface of embossed stainless steel sheets is made with concave and convex patterns, used for the requirements of smoothness and ornamental place.Embossed stainless steel sheets are rolled by a wo...view
  • Environmental Protection Has Been Upgraded Again

    Environmental Protection Has Been Upgraded Again

    June 29, 2018On the 28 day, Shagang Group, the largest private iron and steel enterprise in China, has been criticized by the Ministry of ecological environment for the long-term accumulation of millions of tons o...view
  • Deep-drawn Steel Applications

    Deep-drawn Steel Applications

    August 16, 2018It is widely used in punching enamel products, automobiles, food packaging and other industries. It requires good strength, surface quality, deep-drawing performance, anti-aging properties.In the past...view
  • 304 Stainless Steel Coil

    304 Stainless Steel Coil

    August 16, 2018At present, the heating method used in the stainless steel reactors on the market is generally heating the electric resistance wire, and the heat is transmitted to the cylinder or the reaction kettle ...view
  • Classification of Colored Stainless Steel Sheets

    Classification of Colored Stainless Steel Sheets

    January 25, 2019People who don't know the colored stainless steel sheet think that the colored stainless steel sheet will not rust. Stainless steel plate is the general name of stainless steel plate and acid-resistan...view
  • Market Price Of Stainless Steel Coil In September

    Market Price Of Stainless Steel Coil In September

    October 9, 2018Tags: 200 series, 300 series, 400 series.304:304/2B: the average price for slit-edge of POSCO 2.0*1219*C in wuxi market this month is 16,033 yuan/ton, 186 CNY/MT higher than last month, up 1.17%. Fosh...view
  • TEL:+86-21-54725826
  • FAX:+86-21-54717930
  • EMAIL:export@huaxiao-ss.com
  • ADDRESS:Room 458, Building 8-9, NO.1500 South Lianhua Road, Shanghai, China.