An Anti-dumping Investigation on Chinese Medium and Heavy Plates

2015-07-09

According to market sources, Eurofer and the major steel mills recently are discussing imposing an anti-dumping investigation on Chinese medium and heavy plates. Though Eurofer has not confirmed the news, Chinese medium and heavy plates are under the monitoring of Eurofer.

At present, the CIF of Chinese medium and heavy plates is $390 per ton, the basic ex-factory price of Europe local steel mills is £450-470 per ton, which is £20 high than the ex-factory price of southern Europe steel mills.

European steel mills said that even though the reduced price of importing slab is accepted by European steel mills, especially southern Europe steel mills, Chinese quotation is still competitive, which seems have a further downward trend.

In 2014, European Union’s average monthly imports of Chinese medium and heavy plates is 60000 ton, while the data from January, 2015 to April, 2015 exceeds 120000 ton. The surge import and the cheap quotation has caused European steel mills’ great dissatisfaction and most steel mills hope to limit importing Chinese medium and heavy plates.