Sharing is caring

The GCC have announced that the Gulf Cooperation Council countries have issued definitive Safeguard Measures on certain steel products. And scrap prices worldwide continue to rise sharply and could exceed $500 per ton.

Stainless Espresso: GCC Safeguard measures, and scrap is up again
Stainless Espresso: GCC Safeguard measures, and scrap is up again

GCC to set definitive steel safeguard measures

The Gulf Cooperation Council (GCC) is set to provide definitive safeguard tariffs on steel products imports.

The GCC plans to put in place new measures that will protect domestic industries from foreign competition, it’s said by the Bureau of Technical Secretariat for Anti-Injurious Practices in International Trade (GCC-TSAIP).

Source: gcc-sg.org

Scrap prices could break through $500 per ton

Global steel scrap prices surged in the week to Friday, May 7, and could break through the $500 per tonne cfr mark, starting in Asia, market sources told Fastmarkets.

This is due to continued demand for raw materials used in steelmaking and the current high prices for alternative iron ore feedstocks, they said.

Source: metalbulletin.com

Read also:


Sharing is caring
Receive all the latest news once a week

Receive all the latest news once a week

Make it easy for yourself: we will remind you once a week about the latest news.

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!