European Commission announces proposed changes to safeguard measures

Import share, as a proportion of apparent finished steel consumption, in the EU, has been on an upward trend for several years. However, this largely remained below 20 percent, prior to 2018. The US government’s application of Section 232 tariffs, from March 2018, disrupted international trade flows. This caused concern amongst many steelmakers, in the EU, who feared that material would be diverted into the European market. Consequently, the European Commission introduced safeguard measures, from July 2018.

Read more at European Commission Announces Proposed Changes to Safeguard Measures.

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