Global Trade And Economic News
- As FastmarketsAMM (subscription required) reported, the European steel association Eurofer expects demand for steel in the European Union to rebound by 13.3 percent year on year in 2021 after declining by about the same amount in 2020 due to the COVID-19 pandemic. Eurofer predicted demand will grow an additional 3.4 percent in 2022. The organization also said it expects construction output to expand 4.3 percent this year and automotive production to increase 15.9 percent after declining 5.7 percent and 19.5 percent, respectively, in 2020. Subscribers can click here to read the full report.
- According to SteelOrbis, the Canadian International Trade Tribunal terminated its inquiry into imports of hot-rolled carbon steel heavy plates and high-strength, low-alloy steel heavy plates from Turkey, but determined imports of those products from Germany and Taiwan had caused material injury to domestic industry.