Steel Industry Reacts to Import Caps and Tariffs with Cautious Approach

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. On May 31, the European Commission, the executive body of the European…