Brussels, 1 October 2019 – The EU has published and implemented its revision of the EU steel safeguard. The new design of the tariff-free quota will better stabilise trade flows by containing import concentration from certain exporting countries. While the changes have resulted in improvements, the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel demand.
Brussels, 18 July 2019 – Apparent steel consumption fell by 2.5% year-on-year in the first quarter of 2019. The negative trend in steel demand is the result of the ongoing slump in EU’s manufacturing sector due to weakened exports and investment. Forward-looking indicators signal, at best, a low-level stabilisation later this year, but no rebound.
Brussels, 3 July 2019 – The EU steel safeguard, ostensibly designed to ward off import surges in the wake of the US’ section 232 steel import tariffs, has been automatically raised by 5% despite steel industry protests and the expressed concerns of a number of Member States. This significant rise in the size of the import quota – the second this year – is happening even as steel demand in the EU is expected to fall in 2019.
Brussels, 26 June 2019 –The European Steel Association (EUROFER) is today hosting its annual conference, European Steel Day 2019: Transitioning to the Future of EU Industry to highlight the challenges the sector is currently facing. These include the very difficult situation of the industry, the EU steel safeguard, and the need to support innovation if the sector is to successfully decarbonise.
Brussels, 24 May 2019 – Against the backdrop of the ongoing EU elections the European Steel Association (EUROFER) calls for urgent action by EU policy makers to help the sector as it faces down the flood of steel exports deflected to the EU because of the US’ imposition of steel import tariffs in 2018. EUROFER also calls on EU policy makers to meet with them urgently to discuss how to end the crisis.
A Green Deal on Steel: Our commitment to 80-95% emissions reductions by 2050.
Brussels, 30 June 2020 – IndustriAll European Trade Union and the European Steel Association (EUROFER) have reiterated their deep disappointment at the EU’s decision to not adjust the tariff-free import quota for steel in the light of the collapse in EU steel demand. The steel sector had called for significant, short-term changes to the EU steel safeguards to preserve the industry during this pandemic-induced economic downturn.
EUROFER holds bi-annual seminars of the state of the EU steel market. This event was held on 30 January on the release of the quarterly economic and market outlook.
The European Steel Association (EUROFER)
172 Avenue de Cortenbergh
1000 Brussels
Belgium
Email: mail@eurofer.eu
Phone: +32 (0) 2 738 79 20
