17 March 2025 – Stainless steel relevant raw material prices continue to rise. At least one Vietnamese steel maker appears to have escaped the excessive demands of domestic steel mills in the ongoing EU anti-dumping case against hot rolled coil.
Stainless steel relevant raw material prices continue to rise
Nickel prices on the Asian SHFE continued to rise on Monday, increasing by up to 0.5%. Nickel on the LME also had a positive start to trading and is currently at around USD 16.615 per tonne (+0.88%).
Prices for stainless steel scrap continue to rise
The price of Chinese nickel pig iron improved by around 0.5%. The price increases for stainless steel scrap were even more pronounced. Depending on the grade, these rose by more than 2.3% in some cases. Spot market prices for stainless steel also reacted and rose again today by around 0.5%, an improvement of more than 3.2% since the beginning of March.
Are Vietnamese steel makers escaping EU anti-dumping duties?
Once again it is clear that not all the ridiculous demands of the European steel lobby EUROFER can be implemented by the Commission.
According to recent media reports, Vietnamese hot rolled coil, which is one of EUROFER’s main targets in the current anti-dumping investigations (Japan, Egypt, India, Vietnam), seems to have escaped the market protection mania of the EU steel mills and the European Commission in at least one case. At least this is the unanimous opinion of several Vietnamese media.
Even in the recently published preliminary results of the review of the EU Safeguard Measure on certain steel products, EUROFER was unable to prevail with many of its clearly exaggerated demands.
Latest news:
- Raw materials remain positive on Friday
- EC announces preliminary Safeguard Review results
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