Steel News

We strive to let you one step ahead of the market.

European Commission mulling extending measures to restrict steel imports

6 Dec 2024 16:53 reported by Joy Liu

A A A
European Commission Executive Vice President Stefan Sejourne said that in order to protect the steel industry during the decarbonization process, the European Commission (EC) is considering extending measures to restrict steel imports.

During a visit to the ArcelorMittal plant in Ghent, Belgium, he pointed out that the priority is to reduce energy costs and deal with overcapacity in China while supporting European steelmakers to reduce emissions.

Since the US imposed steel tariffs in 2018, the EU has implemented safeguard measures to restrict steel imports, which will expire in 2026. Sejourne said that even if it expires, the steel industry still needs further protection and plans to introduce alternative measures that are consistent with WTO rules.

Back to Steel News

Related News

UK government launches GBP 2.5 billion steel industry revitalization initiative

  • Government Policies
  • 13 Jan 2025 15:29

Malaysia imposes provisional AD duties on tinplate imports from 4 countries

  • Government Policies
  • 13 Jan 2025 15:03

EUROFER proposes tightening EU steel safeguard measures

  • Government Policies
  • 10 Jan 2025 13:27

Indonesia approves 207 nickel production projects (RKAB) for 2025

  • Government Policies
  • 10 Jan 2025 13:13

Canada considers retaliatory tariffs on US

  • Government Policies
  • 9 Jan 2025 15:33

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,838.50
  • 2,885.00
  • Aluminum
  • 2,572.00
  • 2,587.00
  • Copper
  • 8,979.00
  • 9,104.00
  • Nickel
  • 15,550.00
  • 15,775.00

Learn more

Coil Exchange Center

Learn more