EU remains uncertain on the steel market

According to steelmakers, an expected one-year extension of the safeguarding steel market will extend the business's uncertainty, because in the case of long-term orders, it is not known what the conditions will be. in the middle of next year.

The European Union will extend the warranty by one year, increasing it by 5%. the size of free import quotas. This is an expected but still vague decision - many industries are calling for an end to the protection of the steel market, pointing to recent problems with steel availability and currently very high prices.

According to experts, the decision to expand protection is approaching, and steelmakers will gladly accept it.

- Extending protection until the middle of next year will only extend the current uncertainty in the market for another 12 months. Import orders are placed many months in advance, so uncertainty about conditions will hit long-term plans in a few months.