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Despite ongoing price pressure the general outlook for the Dutch steel/metals sector is positive, and the impact of the US import tariffs is very limited.

Payment delays or rescheduling schemes are currently on an upward trend, as producers are facing cash pressure due to heavier working capital requirements.

Higher margin pressure as demand from the automotive sector is expected to decrease in the coming months, while demand from construction remains sluggish.

The number and amount of protracted payments and insolvencies remains high, and many private-owned steel and metals producers face serious troubles.

Payment delays and insolvencies will probably increase until the new USMCA trade agreement is ratified and the US import tariff issue is resolved.

Despite the comprehensive safeguarding measures imposed by the EU, the risk of declining steel prices as a result of additional steel inflow remains.

EU safeguarding measures against steel imports could become an issue if the EU and the UK fail to reach an agreement on the post Brexit trade relationship.

Mid-level producers, smaller steel and metals service centres have started to feel cash flow and profit margin pressure after the imposition of tariffs.

Southeast Asia is facing headwinds in the face of the US-China trade war and increased global market volatility, but strong domestic policymaking and economic fundamentals should mitigate risks.

Despite ongoing growth, there are challenges ahead, as profit margins of businesses decreased in 2017 and H1 of 2018 due to sharply increased input costs.