The European Commission (EC) started the safeguard case on March 26
. It will look into 26 steel product types in an attempt to prevent the redirection of steel in the global export markets from the United States to the EU.
The fundamental assumption behind the safeguard case start is that shipments of steel products will be redirected to the EU from the US because of the effects of that country’s new import tariffs, imposed under its Section 232 legislation.
But imposing measures on the single basis of a risk of increased import volumes is unnecessary, Assofermet said, because the EU has sufficient monitoring systems in place to allow it to react in a timely manner to any change in import flows.
In addition, the EC has already settled a...