Eurofer welcomes extension of EU safeguard measures on steel imports

The European steel association (Eurofer) has welcomed the extension of existing safeguard measures because they will continue to protect Europe's domestic steel industry from excessive imports.

On June 25, the European Union confirmed there will be a three-year extension of the safeguarding measures on 26 steel products imported into the EU - lasting until June 30, 2024, with quota volumes increasing by 3% every year.

The extension was justified, Eurofer said on Monday June 28, because the original conditions that required the launch of the safeguard three years ago - namely global steel overcapacity and section 232 import duties in the United States -...

Published

Elina Virchenko

June 29, 2021

13:08 GMT

Dubai