Domestic prices for hot-dipped galvanized (HDG) coil in Europe have been largely stable over the past week, but were expected to increase with support from the definitive measures applied after a regional safeguard investigation, sources told Fastmarkets on Thursday February 14.
The European Commission (EC) has imposed definitive safeguard measures on a list of imported steel products, in the form of tariff rates and a range of quotas that are partly annual and country-specific and partly quarterly and global. These came into effect on February 2.The EC split the HDG product category into two sub-categories, 4a and 4b, with material in the latter group being used mainly by the automotive sector.Market sources...