Safeguard case decision will protect EU from redirected steel, Eurofer says

The preliminary decision in the EU’s safeguard case against steel imports will defend the European steel market from a surge of imported products redirected from the United States, regional steel association Eurofer said on Wednesday July 18.

The European Commission (EC) set preliminary measures in the safeguard case on July 18, in the form of a global Tariff Rate Quota (TRQ) on 23 product categories based on average import volumes over the past three years. Imports will only face a 25% tariff if the quota is exceeded.
The investigation was opened to prevent steel shipments being redirected to the EU as a result of the Section 232 import tariffs being imposed by the US.

The European decision,...


Maria Tanatar

July 18, 2018

14:56 GMT