EU 51CrV4 flat steel shipments decline year-on-year

According to data released by Eurometal, the European Steel and Metal Federation Distribution and Trade, 51CrV4 flat steel and so on flat steel product shipments fell by 18.5% compared with the same period in 2019.

Not long ago, European 51CrV4 flat steel and so on steel producers urged the European Union to reduce import quotas, and the large influx of possible imports threatened the steel industry that had already suffered from the new crown pneumonia epidemic. In the statement, steel companies opposed recent proposals to adjust EU protection measures that began in 2018: the United States imposed import tariffs of up to 25% on steel that year, and the US market was closed to many exporting countries. These measures are aimed at coping with steel exports to Europe. Since March, 51CrV4 flat steel and so on steel demand has dropped by 50%, and 40% of EU steel workers have been laid off or become part-time jobs.