Stainless steel industry/ZEW study on raw material trade barriers.

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Europe must rely on the development of international trade agreements for the security of raw materials.

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China has the most extensive trade restrictions worlwide.

As net importer of the main components of stainless steel, open markets are in Europe’s interest. Cutting off its own market through trade barriers with the objective of an increased supply security is not an alternative. This conclusion was drawn by the Centre for European Economic Research (ZEW) and the University of Heidelberg in a study about strategic trade policy and its effects on the stainless steel industry. By order of the German-Dutch raw material trading group Oryx Stainless, Prof. Timo Goeschl, Prof. Andreas Löschel and Frank Pothen have examined the reasons, effects and scope of trade restrictions for the main components of stainless steel: nickel, chromium, molybdenum and stainless steel scrap from the economic point of view. Furthermore the ZEW experts derived policy recommendations for the EU.

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