The European Commission has formally published rules governing steel import safeguards into the European Union for the next three years: leaving safeguards in place for all 26 steel product categories, subject to annual review. The extended safeguard, which pits traders and consumers against mills, will officially run from July 1.

EURANIMI finds incomprehensible that the EU chooses to ignore what is going on downstream and sticks to a protectionist logic that is no longer justified in a context of blatant material shortage and exceptionally long delivery times that are the cause of ever-increasing prices.

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S&P Global Platts
28 June 2021