EU steelmakers want 30% cut to per-country limit for HRC imports, sources say

European steel producers, represented by regional steel association Eurofer, hope to achieve a further toughening of the region’s existing safeguard measures on steel product imports, market sources told Fastmarkets on Tuesday February 25.

The measures imposed by the European Commission (EC) are currently under review, and the producers hope that this will include a reduction by one-third of the limit on imports of hot-rolled coil allowed from any country.
The EC initiated a second review of the existing safeguard measures into a variety of imported steel products in the middle of this month.

The current safeguard mechanism will increase the level of tariff-free quotas for each product category by 3% each year, but Eurofer has proposed to reduce this increase to 1%. The next liberalization is scheduled...

Published

Maria Tanatar

February 25, 2020

19:58 GMT

London