Jindal, Essar Struggle in Europe as Eurofer Calls For More Protectionism — Panjiva
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Jindal, Essar Struggle in Europe as Eurofer Calls For More Protectionism

European Union 830 India 513 Materials - Metals/Mining 753 Metals - Steel 516 Tariffs 1798 U.S. 5322

The European steel association Eurofer expects to see a 0.4% drop in EU steel demand in 2019. Eurofer also sees the U.S.-China trade war and a no-deal Brexit having a “severe impact (on) global trade conditions”, leading it to call for the EU to extend existing steel protectionism. EU imports have already started to decline with a 9.3% slide in the three months to Jul. 31 versus a year earlier. India has been the biggest loser with a 46.1% drop. Among Indian steel exporters, Jindal has struggled the most recently with with a 69.4% slump in 2Q compared to a year earlier. Essar’s shipments...

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