UK long steel producer British Steel remains confident about its wire rod export business despite growing protectionism in international steel markets, Richard Sims, the company's managing director for wire rod, told Metal Bulletin last week.
This protectionist trend saw the European Commission (EC) start a safeguard investigation into imports of 26 steel products on March 26.This had the intention of shielding the region's steel industries from the effects of a possible surge in import volumes after the United States introduced protectionist import tariffs on steel products from several countries on March 23, under its Section 232 trade legislation."Whatever the tightness in supply and demand may be, we've got other outlets for our products," Sims said at the Wire 2018 trade fair in Dusseldorf, Germany."We have a customer base all over the world, and the benefit of being an international supplier with a footprint and a network of customers is that, when you need to move...