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Quality Tracking System for Steel Coils
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Flat steel products, such as sheets, are often delivered to customers as coils. Coils are easier to transport as several hundred metres of steel can be shipped in a relatively compact load. However, steel coils can have isolated quality issues – imperfections – at points along their length. These isolated flaws can disrupt customers’ processes as finished parts containing the imperfections may be rejected during quality control.
As early as the 1990s, steel coil users began expressing their interest in an information tracking mechanism capable of tracing these imperfections. Steel producers have worked together since then to develop a technology that can track coil information with a high degree of precision. This technology is called the Quality Tracking System. The main function of the Quality Tracking System is that it can provide additional information about the coil without requiring changes to any quality standards.
In addition, the Quality Tracking System can also be an enabler for companies that are looking to transition to Industry 4.0.
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Brussels, 16 May 2024 – The initiation of a new anti-dumping investigation on imports of tinplated steel products from China announced today by the European Commission is an important step towards restoring a level playing field for the EU producers, says the European Steel Association welcoming the opening of the procedure.
Brussels, 07 May 2024 – The European Commission has today published two Regulations extending the anti-dumping and countervailing measures in force on imports of stainless steel cold-rolled flat products (SSCR) originating in Indonesia to imports of SSCR from Taiwan, Turkey and Vietnam. EUROFER welcomes the extension of the duties and the introduction of import requirements connected to strict monitoring of imports.
The outlook for the European steel market in 2024 continues to lose momentum amidst persisting challenging conditions. Downside factors such as worsening geopolitical tensions, coupled with growing economic uncertainty, energy prices, inflation, interest rates have further impacted demand prospects. According to EUROFER’s latest Economic and Steel Market Outlook, these challenges have exacerbated the negative effects on apparent steel consumption, resulting in a more severe downturn in 2023 than previously projected (-9%, instead of -6.3%) and weaker growth in 2024 (+3.2%, instead of +5.6%). Output in steel-using sectors, despite showing more resilience than expected in the past year (+1.1%), is now set to decline (-1%). Imports are once again on the rise (+11% in the last quarter of 2023), capturing a staggering 27% market share throughout 2023.