European Commission opens review of safeguard measures on steel products

Friday, 17 May 2019 15:44:59 (GMT+3)   |   Brescia

The European Commission announced the opening of the review of the safeguard measures applicable to imports of 26 steel product categories.

"The Commission, on the basis of the Union interest, may have to adjust the level or allocation of the tariff-rate quota in case of changes of circumstances during the period of imposition of the measures," reads the EC notice. "The Commission is also in a position to review whether the existing operation of the measures could have detrimental effects in achieving the integration objectives pursued with preferential trading partners, such as substantially risking their stabilisation or economic development. Finally, the Commission also committed to review the need to update the list of developing countries excluded from the scope of the definitive measures based on their most recent import level," the announcement states.

The review will be concluded "in the shortest timeframe and, whenever possible, before September 30, 2019".

Most Recent Related Articles

Pacific Northwest dock delivered prices for shredder feed scrap

Local Turkish rebar spot prices stable except in Izmir region

Egyptian and Emirati wire rod in demand in Saudi Arabia

Ship scrap prices fall in Turkey’s Izmir region

Turkey's coking coal imports down 0.9 percent in January-November