S&P Global Platts: WTO says EU steel import safeguards unlikely to extend for more than one year

The European Commission is unlikely to extend its current three-year steel imports safeguards system for more than one year, unless European Union steel producers can prove they continue to suffer or could suffer serious injury from imports, the World Trade Organization said March 2, 2021.

EURANIMI, a European association of non-integrated importers of steel, stainless steel, and metals, including distributors, processors, and traders, said it believes that the decision to extend the safeguards or not is likely to be taken on political rather than economic grounds.

Its executive board member Christophe Lagrange said that while three years ago, in 2018, implementation of the safeguards could be considered “correct…..to protect our market against the potentially massive quantities that third countries could no longer deliver to the USA,” now the situation has changed.

For the full article, visit S&P Global Platts.

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S&P Global Platts
2 March 2021
English