EUROFER Archive

Global Forum on Steel Excess Capacity must “Finish the job it has started”, says EUROFER

Brussels, 27 March 2019 – Ahead of the Global Forum on Steel Excess Capacity (GFSEC) meeting on 28-29 March, the European Steel Association (EUROFER) calls for the forum’s mandate to be extended, ahead of its expiry in November. The GFSEC has begun an important transparency and policy process, but its work is not yet complete.

EU steel safeguard published; EUROFER welcomes Commission’s decisive action to deal with import surges

Brussels, 18 July 2018 – The provisional steel safeguard regulation – which will defend the EU’s internal market from surges of steel imports in the wake of the US’ Section 232 measures – has now been published. This provisional measure is a global Tariff Rate Quota (TRQ) with a 100% quota based on average imports

EUROFER condemns US tariffs; calls for broad, comprehensive safeguards to swiftly counter ‘Section 232 effect’

Brussels, 31 May 2018 – US Commerce Secretary Wilbur Ross has announced that the US’ Section 232 tariffs will now hit EU steel. As of 1 June, the EU will face a 25% tariff on its exports of the metal to the US. The European Steel Association (EUROFER) condemns the US action and calls on

EU steel market on firmer footing coming into 2018; trade concerns the main risk factor

Brussels, 8 May 2018 – In 2017 the EU’s steel market performed healthily, supported by a marked improvement in business conditions on both domestic and international markets. Key drivers were investment and exports. While economic fundamentals bode well for further growth in EU steel demand, the increasing threat of protectionism and the potential of retaliatory

US SECTION 232 TARIFFS COME INTO FORCE; EU EXCLUDED FROM MEASURE; EUROFER WARNS SAFEGUARD STILL NECESSARY

EU steel safeguard must “prevent import surges” but “ensure EU market access to international steel flows” says European steel industry Brussels, 23 April 2018 – In March the European Commission launched a safeguard investigation to shield the industry against a sudden surge of imports in the wake of the US’ decision to impose blanket tariffs

EUROFER welcomes Commissioner Malmström announcement of EU response to section 232 threat

Brussels, 7 March 2018 – The European Steel Association (EUROFER) has warmly welcomed the announcement made today by Commissioner Malmström. The steel sector  strongly supports the three-tracked response of the EU of challenging the US’ measures before the WTO, safeguarding our industry, and rebalancing trade. “Taking measures to protect the European industry against trade deflection

“US choses global trade confrontation” warns EUROFER as President Trump adopts Section 232 National Security trade measures on steel   

Brussels, 1 March 2018 – President Trump has decided to impose a US import tariff of 25% on steel imports.  The tariff covers all steel coming from all countries totalling 35 million tonnes representing a value of $30 billion (2017). President Trump has chosen the most disruptive option among those recommanded by his Secretary of

Do not pull trigger on trade war – urges EUROFER as President Trump receives Section 232 report

Brussels, 17 February 2018 – President Trump has been handed the Section 232 report on steel imports into the United States. The Section 232 report, commissioned in April 2017, is the result of US legislation permitting import restrictions to be imposed on national security grounds. The European Steel Association (EUROFER) warns that deployment of blanket

EUROFER welcomes deal at Global Forum on Steel Excess Capacity

Brussels, 01 December 2017 – The Global Forum on Steel Excess Capacity ministerial-level meeting has agreed on principles and recommendations whereby countries and regions should dismantle market-distorting subsidies and other government support measures and share data and information on the process of capacity reduction. “The framework is an expression of real political commitment to address

Minimum Import Prices for Hot Rolled Flat steel “will not stop dumping”, says EUROFER

Brussels, 20 July 2017 – The European Commission has released details of its proposed anti-dumping measures on Hot Rolled Flat (HRF) steel[i][i]. The proposal for a Minimum Import Price (MIP) sets an unworkable precedent that allows for the continuation of dumping and, as a consequence, promotes overcapacity in exporting countries. “Dumping, injury and causality have