11,172.75 TRY BIST 100 BIST 100
4.56 CNY CNY CNY
33.00 USD USD USD
35.93 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.17 TRY Interest Interest
82.37 USD Fossil Oil Fossil Oil
28.80 USD Silver Silver
4.15 USD Copper Copper
103.01 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,530.70 TRY Gold (gr) Gold (gr)

Stahl Gerlafingen suspends steel profile production

Stahl Gerlafingen is planning to stop producing profiles due to import restrictions imposed by the European Union on flat-rolled steel and plate products, even though it does not produce these products.

Stahl Gerlafingen suspends steel profile production

One of Switzerland's largest steelmakers, Stahl Gerlafingen, is considering a decision to stop production of profiles due to the European Union's import restrictions on flat-rolled steel and plate products, even though it does not produce these products, due to commercial difficulties. The European Union's safeguard measures imposed in 2019 on rolled sheet and strip products have caused Switzerland to lose markets in European Union countries, with widespread economic consequences at domestic and international level.

Sources told SteelRadar that the issue has become part of a larger political dialogue involving the Swiss Ministry of Economy and negotiations between Switzerland and the European Union, which led to this decision, which is critical for the future of Switzerland's commercial profiling sector in particular.

However, in the current situation, the Ministry of Economy has said that it is difficult for Swiss or European Union importers to make a profit under conditions where they have to pay an additional 25% duty on any volume of products beyond the set quota. This created a major trade barrier for Swiss producers in particular and raised concerns about a further tightening of existing restrictions.

These are a concrete example of how protectionist policies and trade restrictions in the European steel market, even if not directly targeted, can have an impact on a wide range of industrial activities and trade relations. The current trade tensions between Swiss producers and the European Union play a decisive role in the future of both the regional and global steel market.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Ukrainian Railways increased cargo transportation by 28% in the first half of 2024

Tuesday, July 23, 2024

The decline in global steel prices pushes India into the import market

Tuesday, July 23, 2024

MMK announced its operating results for the 2nd quarter and 6 months of 2024

Tuesday, July 23, 2024

ArcelorMittal Poland closes coke battery in Krakow

Tuesday, July 23, 2024

Made in Steel 2025: Steel industry is shaping the future!

Monday, February 26, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now