Via Metal Miner Sources said that steel manufacturing entities in northern Europe are unlikely to seek price increases on hot rolled coil until July, despite events since May that could create conditions to raise them. “If you do that, you seem very opportunistic,” one source told MetalMiner. Mills were seeking €630-650 $675-695 per metric ton EXW in late May, up from earlier quotes of €620-630 $665-675 that month, though there are currently few takers.
8% on Chinese electric vehicles, citing excessive subsidies and the fact that vehicles from the region are up to 20% less expensive than those from European producers. A June 12 Reuters report noted, “The EU provisional duties are set to apply by July 4, with the investigation set to continue until Nov. 2, when definitive duties, typically for five years, could be imposed.